Topic: Is Bitcoin a Digital Gold?? - page 20. (Read 6321 times)
Bitcoin's supporters of "digital money" pay more attention to the affordability aspect, arguing that commission fees for transactions should be low, while Bitcoin's supporters of "digital gold" are more focused on their own security, arguing that network security should not suffer from the measures taken to reduce commissions. In my opinion, Bitcoin is and will remain both, namely, digital gold and digital money.
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's just a figure of speech, we know that gold is limited while bitcoin is something digital and unlimited, even though it's hard to get like gold
No. Bitcoin is not digital gold. First, the price of zolto is still controlled by someone. Secondly, bitkoyn is not a means of storage, but a means of payment, therefore it can not be called digital gold.
gold can be said in the world of digital currencies, it can be like that. because in my opinion, bitcoin is the most expensive and plays a role in the exchange of digital currencies, it can even be said to be popular compared to other coins ... !!
It isnt wrong to analogize Bitcoin as gold in digital. Because to get it, you have to mine it. Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited and Bitcoin can be broken down into smaller units without losing value. The value of Bitcoin comes from gold-like characteristics and also functions as a payment system such as Visa
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.
For me, I don't really believe bitcoin is a gold for digital currency, it's not the same fixed value and it's not the fixed rate with usdt as well. I think it will have something better come out and be the actual gold in cryptocurrency world
yeah, you're right about that.
indeed many people say that bitcoin is digital gold, but still bitcoin is a digital currency.
maybe the reason many people say that bitcoin is digital gold because bitcoin is like gold that must be mined first to get it.
indeed many people say that bitcoin is digital gold, but still bitcoin is a digital currency.
maybe the reason many people say that bitcoin is digital gold because bitcoin is like gold that must be mined first to get it.
As per opninon of assets bitcoin is a digital gold as people are investing in gold for future and consider its a asset now bitcoin taking its place and it's now first preffrance thats why bitcoin is a digital gold.
For me, bitcoin is not digital gold, bitcoin is cryptocurrency. It can be easily exchanged with other currencies through the exchange. The value of bitcoin will increase in proportion to its popularity
just right that Bitcoin Digital Gold, bitcoin is a currency Digitan and digital currencies like bitcoin must advance and must be developed, we must not stop supporting this very rare digital currency
Most of crypto expertise liken Bitcoin to a digital gold since Bitcoin shares some common features with real life gold. Both Bitcoin and gold are mined. Also, both Bitcoin and gold are affected by the "supply and demand" principle, hence due to the limited supply, any increase in the demand of Bitcoin leads to the further increase in the price and value of Bitcoin as well the real life gold.
No. Bitcoin is not digital gold. as far as I know. In 1994, A very first cryptocurrency - or you can called something like virtual gold named DIGIGOLD. However, in 1998, DigiGOLD shut down because the world could not follow this technology. Thus, this is a history of Bitcoin. You can say that Bitcoin is the grandson of DIGITAL GOLD
For me bitcoin is not consider a digital gold ,bitcoin is used to buy goods paying bills etc. and the value of bitcoin goes ups and down but the price of gold from time to time goes up always .
Well, the main idea and motive was to make it a safer way of making electronic transactions but we the adopters made an add-on onto the technology by taking it to a whole new level and making it a digital asset. This doesn't kill the dream of making Bitcoin a safer means of making transactions. There are companies and stores accepting BTC as a form of payment.
I agree with the statement above. Many times bitcoin is being labeled as digital gold for the reason that it frequently compared to it. Some crypto userssaid that both bitcoin and gold are assets and the value of it are increasing as time passed by.
The main idea and motive was to make it a safer way of making electronic transactions but we the adopters made an add-on onto the technology by taking it to a whole new level and making it a digital asset.
This doesn't kill the dream of making Bitcoin a safer means of making transactions. There are companies and stores accepting BTC as a form of payment.
This doesn't kill the dream of making Bitcoin a safer means of making transactions. There are companies and stores accepting BTC as a form of payment.
It is the trend for the moment but not the gold yet. The stability of its price and its popularity will show whether it can be a digital gold or not.
Gold is a precious metal while BTC is a cryptocurrency. There is no comparison between the two of them. Not in terms of payment, nor in terms of investment. Which is perfectly OK 
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Bitcoin is not gold as the author said. Gold is a stable currency and the price is kept at about the same level for a long time. The price of bitcoin is flying up. For 9 years, the price has reached a huge amount, but still it is difficult to call it gold.
Bitcoin has much greater scalability than gold. It can be divided into an arbitrarily large number of parts and it is faster by a million times than any other kind of precious metals. Bitcoin is a new jet money.
I think the same but very many peoples want to touch their money!!!) Jump to: