Topic: Is Bitcoin a Digital Gold?? - page 38. (Read 6321 times)
The price of gold at sometimes too fluctuats before it gets stable.now Bitcoin doesn't have that function. Bitcoin is better known as trading assets.Gold had many uses and from electronics to just being physical ornaments and many other things. It is the utility that gives something we see as useless becone very useful.
Yes. It was realised as a currency but over time has grown to be an asset. It is in the same category with gold. The price of gold at sometimes too fluctuats before it gets stable. Sometimes coming, bitcoin price will become stable and will trade at higher level with just the few that will hold it by then.
I personally also think Bitcoin is gold, or digital assets. Basically, Bitcoin was created for a borderless transaction with a small fee and is very transparent. but now Bitcoin doesn't have that function. Bitcoin is better known as trading assets. and heaps on some people who hope to give more than the first value they have bitcoin. maybe a very stable crypto currency is USDT
Considering that there are no other qualities bitcoin possesses to attract people to use it, I will believe you because gold has always been so attractive to people in many ways. Gold had many uses and from electronics to just being physical ornaments and many other things. It is the utility that gives something we see as useless becone very useful. Without it, it will certainly fail. So bitcoin will never become the digital gold if it is not very useful or if it has only a limited use because the demands will eventually stop.
Many crypto experts liken Bitcoin to digital gold because they share many features in commone. Both gold and Bitcoin work by the principle of supply and demand. Bitcoin is limited in supply and once its demand increases, there is certainly going to be a rise in its price and value on the market.
Also, both Bitcoin and gold are mined.
That's right Bitcoin and Gold is also being mined. Bitcoin have the characteristics of gold, but bitcoin is easy to mined than gold. Bitcoin is easy to access and easy to earn money without having a sweat. Also, both Bitcoin and gold are mined.
At the moment, bitcoin is digital gold and not currency. how will the future no one knows
I don't agree that BItcoin is a digital gold. At least, Bitcoin is only a digital currency. Everybody all see that gold is very valuable, but most of people don't know what Bitcoin is. Thus, Bitcoin is not popular all around the world. That making Bitcoin become a digital gold will lead the currencies take risks. Noone can guarantee that BItcoin will exist for a long term.
Well bitcoin and gold have their similarities and can be really compare to each other. I think in terms of value it is indeed clearly seen that bitcoin is as good as gold. Due to its price you can compare bitcoin to gold so we can really consider it. In terms of uses they are really different since bitcoin is just limited in being used as a mode of payment.
Many crypto experts liken Bitcoin to digital gold because they share many features in commone. Both gold and Bitcoin work by the principle of supply and demand. Bitcoin is limited in supply and once its demand increases, there is certainly going to be a rise in its price and value on the market.
Also, both Bitcoin and gold are mined.
Also, both Bitcoin and gold are mined.
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.
Gold was considered a precious metal and was highly valued already for several centuries before our era.
Until 1914 gold was measured almost the entire currency in the world. This meant that the money then existed had a fixed price in relation to gold.
At any time, the currency could be exchanged for gold.
This system was called the gold standard, and although it is no longer used today, gold still plays an important role in international trade: it is used as a reserve that provides for foreign trade of the country.
Therefore Bitcoin is not yet called digital gold.
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 are all the many of the many of many of the day of the day of the daily life. To make it that it must be become to the payment and transport transaction method. Now at an existing problem at the value of the bitcoin dao động too many do not take a giunvaf the another solution at a country number. If restore this problems, it will be become the valid accounting method
It's not just gold, it's gold 2.0
in my opinion bitcoin is very risky if it is used as a digital currency, because the price of bitcoin is not stable. although there are countries that can accept payments via bitcoin, there are still many countries that cannot accept bitcoin.
it is comparison of digital gold may be its true bitcoin like digital gold it is valuable coin and value more high so its do not any wrong if comparison of bitcoin digital gold.
Bitcoin is a digital currency. Bitcoin is king of cryptocurrency market.
It can be said that bitcoin is digital gold, this is because the value of bitcoin that continues to rise and the number of enthusiasts of bitcoin continues to grow so that the demand for bitcoin will continue to increase, just as gold enthusiasts continue to increase.
Bitcoin was created as a digital currency but found a use as digital gold. until you see that something has changed the other side
I think bitcoin is not digital gold but digital currency or cryptocurrency, is very different from digital gold, but if there are some people who say digital gold then it's up to them because people's opinions are always different.
I also think so, Bitcoin is digital money and not Digital Gold. Bitcoin is a modern transaction tool, which has many advantages compared to ordinary fiat money. But saving bitcoin, will create opportunities to get big profits, because the price of bitcoin has the potential to increase over time.
Bitcoin can be classified as a digital gold because a lot of people can earn a lot of money form crypto just like gold. It can also be likened to gold because it is a very precious treasure.
Yes actually we can say that.. The bitcoin is decentralized currency for me. The gold is the same.. Decentralized funds is the most powerfull ones i think and that's why i believe it. I hope the cryptocurrencies and the Bitcoin will spread all over the world and everyone uses this system..
I think at this time bitcoin can't level the gold, for how many years gold is the strongest investment ever. But if bitcoin continue to the higher price, time will come we can considered bitcoin as a digital gold.
I think yes we can considered it as a digital gold because of the high price in the pasr few years. That's why people convince to invest and it has a capability to give a huge of profits for us.
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