Topic: Is Bitcoin a Digital Gold?? - page 3. (Read 6321 times)
In fact, Bitcoin has been formed as digital gold from the very beginning - the process of creating bitcoins is called "mining." And both Bitcoin and gold are not government exchanges - instead, they are both alternatives to fiat currencies.
I think BTC is like as GOLD because its value is not constant its always changing but GOLD value isn't changing at a high rate but GOLD value not constant. For that reason BTC can be considered as GOLD.
What else to say, completely agree with him. Moreover, Bitcoin is a very volatile digital currency, so you need to be careful and trade competently. I hope someday bitcoin will not be as volatile as it is now and finally it can be used as a means of payment
Crypto and digital gold are a pretty good mention because between crypto and gold have many similarities, they are mined to get them, both can also be used as an invasion product, neither are they referred to as currencies and many similarities between crypto and gold
Bitcoin and gold are similar. Both properties are rare and their supply is limited. But the great fluctuations of Bitcoin are probably the biggest obstacle to it being able to replace digital gold.
Think of Bitcoin as a digital gold, a "hoarding of value" that, like the precious metal itself, does not necessarily have many practical uses that are of great value.
Gold has a physical presence and can even be turned into another valuable item like jewellery etc. There is no use for acrypto coin if it can't be found to do it's job. The gold standard was a great idea, but its time is gone.
but bitcoin can be converted into another valuable item too. for example, you can buy a car for it or exchange to US dollars.
You're getting into the intrinsic value debate. Bitcoin doesn't have any intrinsic value and only has worth because people believe it does, so you could say it's a faith-backed currency
, but gold has intrinsic value because you can indeed make things out of it, but they don't have to be exact to be comparable. Gold could potentially lose a lot of value if people lost interest in it though just like bitcoin could. You don't need to make jewellery out of gold just like you don't need to use bitcoin over any other cryptocurrency, and I think that's where bitcoin becomes very risky because there's always the threat of something better coming along at some point. If something did come along that was far superior then the market would move over to that. something could of course the come along that is even better than that coin too.
It's not digital gold but price of the bitcoin is really good as gold so we can easily say bitcoins is a digital gold...
It is possible, in my opinion, that the future bitcoin will become the official currency that people can use to circulate on the internet.
Bitcoins can be considered as digital gold because their value always changes up and down. Bitcoin reserves are like gold reserves, and Bitcoins are more economical than gold, so Bitcoin can be considered as digital gold.
Bitcoin is sometimes compared with gold because of its high cost and due to the fact that in recent years it has been actively increasing in price and brings people profit. However, in reality, it doesn’t look like gold, and if you start to compare them, you can say that they are generally completely opposite things that even exist in different worlds - digital, virtual and coarse, physical. However, the main thing is that gold is always stable in price, and the cryptocurrency is always too volatile.
Gold has a physical presence and can even be turned into another valuable item like jewellery etc. There is no use for acrypto coin if it can't be found to do it's job. The gold standard was a great idea, but its time is gone.
but bitcoin can be converted into another valuable item too. for example, you can buy a car for it or exchange to US dollars.
For the OP's question
Quote
"Is Bitcoin a Digital Gold??"
Nope Bitcoin isn't a digital gold or any other else like that because Bitcoin is a digital currency that used digitally with the help of gadgets and an internet connection. Gold is a mineral with a physical appearance that you can actually touch it literally and its value is not as volatile as Bitcoin is. This two kinds of things and digital things that have value are different and will never be the same. 
Bitcoin is likened to gold and regarded by most experts as digital gold because of the common features Bitcoin and gold share. Both Bitcoin and gold are influenced by the principle of supply and demand. Once the demand increases, the value of these assets increases as well. Bith are also mined with sophisticated machines - the higher and better the machine, the more Bitcoin or gold mined.
me also , i think bitcoin nnot just something that giving profit , but the purpose is alternate from fiat that giving secure transaction and anonnymous
I think we can considered bitcoin as a digital gold of we are going to put basis on its price. The value of bitcoin as digital is really amazing and if we have it today we are like holding a gold. So in my part I believe that we can really considered bitcoin as a digital gold in terms of value o r maybe prices.
me also , i think bitcoin nnot just something that giving profit , but the purpose is alternate from fiat that giving secure transaction and anonnymous
for someone who find profit , yeah they will think that bitcoin is a digital gold , but the main reason bitcoin was made is alternate from money
I'm just like you, the author believes that Bitcoin is digital money exactly the same as Satoshi originally intended. I think in the future everyone will understand it and accept it as money
let's be honest with each other - bitcoin is now used as digital gold and it’s unlikely to change its attitude in this regard in the future
Who likes can be called Bitcoin digital gold. It does not affect anything. However, bitcoin and gold are two different incompatible concepts. They are almost diametrically different from each other. They are united only by the fact that both are a repository of value. However, the symbol of gold is in its stable price, and the price of Bitcoin can never be stable.
Gold has a physical presence and can even be turned into another valuable item like jewellery etc. There is no use for acrypto coin if it can't be found to do it's job. The gold standard was a great idea, but its time is gone.
but bitcoin can be converted into another valuable item too. for example, you can buy a car for it or exchange to US dollars.
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