Is Bitcoin a Digital Gold?? - page 44.

bajigur894784

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Quote from: Vickyrichy on August 06, 2018, 03:03:27 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.

Bitcoin is often equated or referred to as digital gold because Bitcoin has all the same characteristics as gold.

First, the amount of Bitcoin is limited, only a certain amount will be produced. Then, Bitcoin can be broken down into smaller units without losing the value of the unit, so we can buy less than one Bitcoin. And, Bitcoin technology is also stable and will not experience degradation, nor can it be possible to make fake Bitcoin.

Actually, I also disagree when many people think bitcoin is digital gold because such perceptions often make people have a wrong understanding and consider investing in bitcoin as safe as investing in gold.

dear53

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I think it is more powerful then gold. If you say Bitcoin is a digital gold Huh

I say yes Bitcoin is a digital gold. It's more powerful and more expensive than ordinary gold. There is one difference between Bitcoin and gold that gold prices are usually a fixed one. some time, its price goes up and down But it is very small. On the other hand, If once the price of bitcoin starts to rise, it can't be said where it is stop exactly. Some time Bitcoin price is going to low but its not for a very long time. so Bitcoin is a very powerful currency now in online market. Day by day it is going to be more and more powerful and most valuable currency in all over the world. In this reason I said yes Bitcoin is a digital gold now. So everyone should invest in Bitcoin...

coromabur

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Quote from: Vickyrichy on August 06, 2018, 03:03:27 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.

Yes, I agree with you, because bitcoin is digital money that can be used as a good investment for the future and can be used as a transaction in the sense of being a means of payment in some countries but if gold is only used as an investment.

devil before evil

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i don't think bitcoin is substitute as gold.Because it is digital currency and totally virtual which has no metal existence.Though bitcoin has bright future but bitcoin doesn't replace with gold.

Dulhara githmanthi

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Definitely, it is. Bitcoin is more expensive than gold I think. Because it is hard to earn and the value is high. But an investor who has little amounts to invest should not choose Bitcoin to invest. Because its value is much higher. I also think Bitcoin will hit 25000$ in 2020.

Erga Di Kenesis Lascrea

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Yeah i think that's the true, i believed bitcoin for a replacement money not a gold. And bitcoin for currency exchange

NelfiNovita

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Quote from: Vickyrichy on August 06, 2018, 03:03:27 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.

bitcoin is a digital currency, open digital gold, because bitcoin is an online and offline payment tool, and gold is its value, it always rises even though it is slow, while bitcoin prices go up in large numbers.

mithon2017

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Yes I think, Bitcoin is digital gold. Bitcoin is not only just currency but also it's is good asset. you can say it's is digital gold. Bitcoin is something that, can the changing the world and world economy environment. it's has lot of advantages. it's really gold of future.

itglobe

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I think there's no difference between Digital Gold or Digital Currency if you see the Bitcoin price rising is like a precious gold or even a diamond. You have explained this currency very well. I agreed with that.

Everyone has different thinking about BTC. I consider BTC is a short way to become rich if you hold BTC smartly after investing.

vovanlau1

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In my opinion, bitcoin is like gold in many ways. After bitcoin reach its limit, it will be a Digital Gold.

Dadaro

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first, the reason they chose gold versus other objects is important - gold has certain characteristics that make it a better ‘store of value’ just like in bitcoin, it also has its unique characteristics, like you can't counterfeit it and has a limited supply plus it can be used as payment.

Gypat

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I think many suggest that btc is a digital gold because of the rate of profit one can earn from investing in btc. It is just to compare both and not to actually mean that. But even if that was to be true, they deserve to say it because btc investment has proven to be worth more than gold in terms of returns on investment

levvv

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Quote from: Vickyrichy on August 06, 2018, 03:03:27 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.

It is not quite right to define bitcoin like a gold because the gold value is very stable not easy to drop.
Bitcoin value still volatile in the market. Bitcoin price was around $7000+ few days ago, but now is around $6k, very unstable

Bondho Kompeni

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Adoption Blockchain e-Commerce to World

It can be said that bitcoin is digital gold, the value that is always rising is my strongest reason that the future of bitcoin will be the same as gold, and invest in bitcoin now so we will get a big profit.

iyamoxjhian

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Value wise? Yes it can be compared to digital Gold because the value and being precious of gold can be compare to bitcoin prices. Though, Bitcoin value is not constant and it is unpredictedly moving from decreasing to increasing and vice versa. But I can say that it's value or price are unique.

fmasta

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It is something like this that you are saying, but with comparing bitcoin and gold we can say that gold is constantly growing while bitcoin and is constantly jumping and this is totally unpredictable.

Gabteb

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I think yes would be very soon we see that just need some time for that sooner or later China and India will not ban it at all price of Btc will rise afther if ETF would be accepted then we are on way.

mathtoughfat

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I guess yes you can consider bitcoin a digital gold nowadays. With the crypto currency evolving everyday bitcoin has been staple and by far the best way to do a transaction with. Bitcoin also is the root and as far as I know became the first crypto currency to have it's information available to the public at least.

TonyCallahan

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We can consider bitcoin with gold on the sense that the value of gold and the value of bitcoin always stay at number one position though some time it falls but don't take time to rise again.

shawn995

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On the off chance that we will put premise on its esteem we can state that it is significant as gold. Since the estimation of the bitcoin is relatively similar to gold it is winding up more valuable like gold and it is astonishing on the grounds that it is just an advanced a numbers we can't contact it however it's cost is astounding. So then I trust that it is considered as advanced gold.

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