Is Bitcoin a Digital Gold?? - page 39.

Btcmicel

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Quote from: burky156 on August 24, 2018, 05:56:18 AM

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.

burky156

full member

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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..

Benjamin Roberts

newbie

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I think this topic just makes better attitude for bitcoin. People have right to wait a new better future in Bitcoin. Perhaps, the Bitcoin price can raise again in a short term. However, it is supposed that it is too difficult for Bitcoin to become a digital gold.

Christine Bettencourt

newbie

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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.

Samuel Borges

newbie

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No, I don't think so. Bitcoin is only cryptocurrency which people trades it in the Internet. Bitcoin is not visual currency and they can not hold by hand. But gold can be done. We can not compare gold with bitcoin. Nevertheness, Bitcoin is even more expensive than Gold.

Baronggot

full member

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Obviously, bitcoin is like a treasure just like those precious jewels you have because it can change your life and make you wealthy. The only difference between bitcoin and that jewels is that bitcoin is in digital form so therefore bitcoin is considered as the new gold today.

cedrixperez

jr. member

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We can say that bitcoin is like a gold and a digital gold. Like gold Bitcoin had a high price and most popular digital coin. Bitcoin is like a computerized gold nowadays and both used to have profit by many businessman.

miramax-10

sr. member

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Currently, bitcoin successfully serves as a means of accumulation, so it is often called digital gold.

Impulseboy

jr. member

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Perhaps other people consider it digital gold because of the price of bitcoin? Buying bitcoin is not cheap after all, also probably because of the idea that mining a gold can make you rich, therefore if you mine bitcoin you will be rich too?

avary18

newbie

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We can say bitcoin is digital gold if we base on the value of bitcoin reach same like gold but the value of gold is stable in the market and the value of bitcoin flactuates everyday.Bitcoin has its characteristics to make a digital currency in the future.

ajuelnah akun

newbie

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Quote from: Vickyrichy on August 06, 2018, 02:03:27 PM

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.

don't look at bitcoin as money, but look at bitcoin as digital gold.
I quote that from a CEO of bitcoin, and I think that is true, bitcoin is not bitcoin money is gold.

mooccowmoo

full member

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If we will base on its value, we can say that it is big enough as gold. Because the value of bitcoin is almost like gold, it becomes more valuable like gold and it's amazing because only our digital numbers can't even touch it but the price is incredible

Jyominall

newbie

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Yeah, i agree with you, bitcoin isn't digital gold. Because the “monetary policy” of gold looks nothing like the monetary policy of Bitcoin. Bitcoin has no market dynamic governing its supply.

Dessy Nurvianti

newbie

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I dont know digital gold or no. But, in this era bitcoin is a digitial transaction. In the future, we hope bitcoin can be a high price

Ibrahim 2020

newbie

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Not really A large part of Bitcoin’s appeal as “digital gold” stems from its fixed supply and — until recently — the absence of complex financial products built on it. Satoshi likely drew inspiration for Bitcoin’s monetary policy from gold itself, which has maintained long-term price stability quite effectively.

Renai0925

full member

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NO matter how you look at it, bitcoin is becoming more of gold than currency since people are basing it's price on supply and demand and scarcity. Given that bitcoin is being used as payments, currency doesn't go up in price like that.

MalcolmBee

newbie

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Bitcoin has all of these same characteristics, and more. It has limited supply (only a specific amount of Bitcoin exists and will ever be produced). It can be made into smaller units without losing unit value

Fran4esco4

newbie

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I agree with the author that bitcoin is not digital gold. But I think that in the near future he will be able to claim the role of the digital dollar. And this is a more important role in the economy.

znation

jr. member

Activity: 188

Merit: 1

Bitcoin as I think is digital money rather than digital gold. And digital gold can later appear.

mimiko

newbie

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if we are going to put basis on its value we can say that it is considerable as gold. Because the value of the bitcoin is almost like gold it is becoming more precious like gold and it is amazing because it is only a digital a numbers we cannot even touch it but it's price is amazing. So then I believe that it is considered as digital gold. You could say that, a digital asset that has valuable value on its fluctuations. can also be used as a medium of exchange to make transactions.

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