Topic: Is Bitcoin a Digital Gold?? - page 14. (Read 6321 times)
In recent times it has been been proven beyond a reasonable doubt that bitcoin is not the best payment option in crypto with the emergence of blockchains that are 100* faster however bitcoin has retained its integrity as a store of value as it has remained a Giant and retained stability in an absolute bear market. If by digital gold you mean store of value the absolutely yes bitcoin will represent 'gold' in the digital world in the nearest future.
As a metaphor, bitcoin can really be called digital gold. At least because bitcoin is also a very profitable investment, although it was created recently and has not yet earned such authority as gold.
I think that bitcoin is compared to gold, because these are two very profitable investments. But bitcoin is a modern analogue of gold, and even more profitable.
I completely agree with you. Comparing bitcoin and gold is stupid, because these are two completely different units, at least given their format - gold is a thing, and the bitcoins are the numbers in the computer.
yeah i acknowledge it is digital currency, not gold. but we can compare with gold. any investment we can use it. i think gold prices is stable, but digital gold is not stable.so carefully...
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 think also that bitcoin is digital gold, now its price is down, but 1 year ago the price of bitcoin is very good so we all know that in the future bitcoin price is rising very soon
All things considered, the fundamental thought and intention was to make it a more secure method for making electronic exchanges however we the adopters made an extra onto the innovation by taking it to an unheard of level and making it an advanced resource. This doesn't murder the fantasy of making Bitcoin a more secure methods for making exchanges. There are organizations and stores tolerating BTC as a type of installment. what's more, for a few occasions Bitcoin has made financial specialists more extravagant than gold as of late. This brought a benefit of 1,116%, far surpassing the 12% that gold brought. The insane thing that I consider is that I trust Bitcoin later on will supplant the job of gold.
I think bitcoin has the nature of gold because bitcoin is so desired and makes the value of bitcoin increase, and because of its similarity, bitcoin can be called digital gold, and it is proven that bitcoin is the main one in the crypto market because of its high value.
And I will not compare it with gold. If you can touch the precious metal, place it in your closet or whatnot, you can never do the same things with Bitcoins - this is the fact.
Bitcoin is a digital gold because it has got some common features. Bitcoin is valuable just as gold. Gold and Bitcoin is mined and the more powerful your machinery, the more you are able to mine in large quantities. All these make Bitcoin to be considered as a digital gold.
i think bitcoin not a digital gold. it is a digital transation by this we can transfered doller one wallet to other wallet. it is on computer.
Bitcoin not only for payment, bitcoin can be store of value. We can keep our asset in bitcoin because bitcoin resistant againts inflation. As store of value, bitcoin is digital gold and its more flexible than gold because we can carry it anywhere with good security
The status of bitcoin right now, it seems it will take a long way for btc to be called a Digital Gold. But I do believe it will happen.
I would say it is a digital gold and this is because in the world of crypto now it can be classified as the digital gold. This has really baffled me and it has been said out now. Thanks buddy.
Bitcoin can't be a digital gold. When you take a look at the whitepaper for bitcoin, you will realize that bitcoin was created to be a digital currency to solve the limitations that existed with the use of physical fiat and the banking system. Bitcoin is a digital currency not a digital gold.
To me I will also call it the digital gold as you said. Looking at its nature and the way it has been on the market just like the gold, I think its a digital gold as already said.
Of course it's not. The attitude towards gold is absolutely different, and if I called BTC gold I would mean that it's just worthy.
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.
It is a good point , most people involved in the cryptocurrency market are eager to profit for themselves but sometimes they do not understand the true value of bitcoin should invest in a lack of understanding. I used to do that and have learned a lesson for myself so I have a suggestion to understand it well before you want it to benefit you.
I think bitcoin has the nature of gold because bitcoin is so desired and makes the value of bitcoin increase, and because of its similarity, bitcoin can be called digital gold, and it is proven that bitcoin is the main one in the crypto market because of its high value.
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.
Bitcoin absolutely is a digital currency, but calling it digital gold won't be wrong on certain grounds. Because gold is an asset and bitcoin is also our virtual asset. It is a source of lucrative investment. But of course there is more stability in price of gold as and when compared to bitcoin. There are fluctuations but not to that extent as in the cryptocurrency market. Anyways this digital market is now much more trending and has left behind any other source of investment.
i think bitcoin not a digital gold. it is a digital transation by this we can transfered doller one wallet to other wallet. it is on computer.
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.
It is a good point , most people involved in the cryptocurrency market are eager to profit for themselves but sometimes they do not understand the true value of bitcoin should invest in a lack of understanding. I used to do that and have learned a lesson for myself so I have a suggestion to understand it well before you want it to benefit you. Jump to: