Topic: Is Bitcoin a Digital Gold?? - page 4. (Read 6278 times)
Yes, bitcoin is digital gold. When someone asks me if bitcoin is digital money it is correct, I will answer no because it is not suitable for daily billing. Bitcoin is considered an asset and is stored by its high value. Bitcoin is considered the gold of technology.
yes, definitely, time will show, I think bitcoin will be 1 million dollars in the next 10 years
this is the advantage that Bitcoin has besides being a Crypto/Digital Currency and Bitcoin can also be called Digital Gold, depends on what we want because both are right 
. for me Bitcoin is a Crypto/Digital Currency because the initial purpose was created in my opinion is to replace fiat currency..
. for me Bitcoin is a Crypto/Digital Currency because the initial purpose was created in my opinion is to replace fiat currency.. I agree with your post. Bitcoins are just digital coin, because bitcoins do not have real value so they can not be compared to gold. Gold is a valuable metal, and they can make many things from gold, so gold is very valuable. Bitcoin is a kind of digital currency, used to trade through the internet, used to replace the currency.
Why gold is valuable? Don't you think steel is used more than gold? Why is steel which is used in almost all industries less valuable than gold?
That's only due to supply and demand. Gold is valuable because there is not a high supply. It is same as bitcoin. Total number of bitcoins is limited. This makes bitcoin valuable.
Bitcoin has good advantages, so it's far from gold. Gold is a precious metal that has a physical and clear form, but bitcoin is not real and its value exceeds the price of gold. Bitcoin is a technology that is created so fantastic and valuable that many want to have it.
gold has certain characteristics that make it a better store of value as it is commonly know than other objects. Bitcoin is more valuable than gold because it is well secured also safe in investment and transaction, Bitcoin is a digital currency that is used through internet.
You can really consider Bitcoin digital gold, because its cost is high, the number is limited, and the characteristics are superior to everything else. + he is developing
I think bitcoin is more valuable than gold. It is high security, safe in investment and transaction. Gold is too cumbersome to store, and bitcoin simply stores a file on your device. It is possible that the price of gold is rising, bitcoin is decreasing, but future bitcoin will be popular, it will return to peak. High that it was.
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.
What is gold for you?
Financial security or something very precious?
For me Bitcoin is revolution, new technology, new currency etc.
We can't say such things for gold.
I can only agree that both gold and bitcoin are very valuable to their owners.
Financial security or something very precious?
For me Bitcoin is revolution, new technology, new currency etc.
We can't say such things for gold.
I can only agree that both gold and bitcoin are very valuable to their owners.
I consider bitcoin an investment, I do not like investing in gold, Bitcoin it can trade easily anywhere and just have the internet.
before bitcoin developed, most people considered bitcoin as gold. because first the price of bitcoin has increased greatly. so their assumption is mostly bitcoin as gold. but for now it's very different. because the price of bitcoin is decreasing so the assumption is different.
Bitcoin is very special, they equate it with gold as a valuable asset. Some people take bitcoin to increase the value added of their assets because bitcoin is different from the others. At first bitcoin a digital currency and maybe now many people prefer it as a valuable asset like gold
I agree with your post. Bitcoins are just digital coin, because bitcoins do not have real value so they can not be compared to gold. Gold is a valuable metal, and they can make many things from gold, so gold is very valuable. Bitcoin is a kind of digital currency, used to trade through the internet, used to replace the currency.
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.
Bitcoin doesn't have fluctuations? What universe are you in?
Actually it is a good point of view. Bitcoin has a slow blockchain and with current situation it can't be daily payment method. Can't have scalibility and fees are high.
But it has asset value. Like gold. So i can agree this hypotesis.
But it has asset value. Like gold. So i can agree this hypotesis.
What does any of this have to do with bitcoin being a digital gold or not? Besides, this hasn't been true for a while with the lightning network. Transactions are very fast and fees are very low. You either haven't used bitcoin in a while or are just parroting out of date information.
Actually it is a good point of view. Bitcoin has a slow blockchain and with current situation it can't be daily payment method. Can't have scalibility and fees are high.
But it has asset value. Like gold. So i can agree this hypotesis.
But it has asset value. Like gold. So i can agree this hypotesis.
I consider bitcoin an investment, I do not like investing in gold, Bitcoin it can trade easily anywhere and just have the internet.
before bitcoin developed, most people considered bitcoin as gold. because first the price of bitcoin has increased greatly. so their assumption is mostly bitcoin as gold. but for now it's very different. because the price of bitcoin is decreasing so the assumption is different.
Gold has been used as money for several thousand years, and Bitcoin has been on the market for less than 10 years. Bitcoin, in comparison with gold, is a very young asset. so I think it's too early to call him that.
I can answer this question with a big yes, why? Because bitcoin price is always in high value that quite similar to gold price thar always increasing every now and then. But it is exactly to call bitcoin as a digital gold because with all the cryptocurrencies exustence bitcoin itself is the most valuable coin in the cryto world, and more investors always wanting to invest bitcoin due to high probability in getting huge profits.
Bitcoin is more like an investment, more liquid then gold. Gold cannot be considered as a liquid asset.
Once you buy gold you cant sell it back to the source where you get it.
What I like the most of bitcoin, with some knowledge you can sell/buy with simple one click
Once you buy gold you cant sell it back to the source where you get it.
What I like the most of bitcoin, with some knowledge you can sell/buy with simple one click
Only its price makes bitcoin look Like gold))) it is really very high.Even after such a strong fall in the rate.What can we say about the maximum price))) for gold, you can not buy anything.First it will have to sell, received for his Fiat money.On them already can be a hundred the buy.With Bitcoin almost as well.There's not much to buy with him now.You'll have to change it first.This is the main similarity with gold)
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