Topic: Is bitcoin digital gold? - page 11. (Read 1291 times)
Bitcoin is different, It has a fixed quantity of 21 million and nothing more after that. Bitcoin is not a digital gold but a storage of great wealth which enables a person to transfer instantly without intervention of 3rd party.
Can be described like that. But the difference is that the price of gold is more stable and even very stable because 90% of the world's population probably knows that gold is a valuable item.
However, bitcoin may only be 20% only knowing and acknowledging that bitcoin is valuable. And this is why it took a long time for Bitcoin to achieve the stability of prices owned by gold
In my opinion, it is just a title given to bitcoin. Gold is considered as a symbol of status and it is very expensive. Elite people wear gold to show their wealth. It is also recognized as the most precious jewel on the face of Earth. Similarly, when we name a crypto coin as digital gold, it basically means that the coin possesses all the above mentioned qualities. Bitcoin is indeed digital gold and it is a way better than physical gold. However, bitcoin may only be 20% only knowing and acknowledging that bitcoin is valuable. And this is why it took a long time for Bitcoin to achieve the stability of prices owned by gold
The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Yes, bitcoin is a digital gold that is more popular and famous in this generation. Bitcoin is our gold because of its higher price that is more than a gold. Bitcoin is really great and useful for everyone. Bitcoin is for our future so must keep treasuring it. We must keep it and keep trusting it with all our hearts.Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
For me its no bitcoin is virtual currency but it can level the value of gold. Because bitcoin is for everybody, unlike gold its so very expensive. Only rich people can own it unlike bitcoin you can start investing in bitcoin in small amount. Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Yes bitcoin digital gold, to some extent even better than physical gold since it is limited to 21 million million coins. Gold is very popular in the physical world and bitcoin in the digital
yes bitcoin is gold version in crypto, and Litecoin as the silver version. Bitcoin has characteristics such as gold:
1. limited stock,
2. Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi) so that we can buy less than 1 btc,
3. stable Bitcoin technology and will not degrade ,
4. impossible can be made fake Bitcoin.
In addition, unlike gold, bitcoin transactions can be made globally in a short time. So bitcoin is better digital gold
1. limited stock,
2. Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi) so that we can buy less than 1 btc,
3. stable Bitcoin technology and will not degrade ,
4. impossible can be made fake Bitcoin.
In addition, unlike gold, bitcoin transactions can be made globally in a short time. So bitcoin is better digital gold
certainly, Gold is just kind of metal but it is trusted by most of people so it is valueable. The same with BTC, it is the first crypto of the world with many advantages when comparing with normal money. So, it is really valueable.
Clearly, there is a desire for Bitcoin holders to swap out “digital gold” for the real deal. However, there are also consequences that could impact the entire cryptocurrency ecosystem.
While using Bitcoin to buy gold presents investors with a great option to diversify their portfolios, the Bitcoin bubble could potentially burst if more people start to use Bitcoin to purchase gold.
While using Bitcoin to buy gold presents investors with a great option to diversify their portfolios, the Bitcoin bubble could potentially burst if more people start to use Bitcoin to purchase gold.
Affirmative. Bitcoin is digital gold when it comes to its value and popularity. Like bitcoin in cryptocurrency while gold in element use in jewelry etc.
The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Bitcoin is indirectly Digital gold, not digital money, because money is a means of payment, while Bitcoin is sold in order to earn money. Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
The other thing also bitcoin can be used to pay something but now its not much we can buy with bitcoin.
In the future when bitcoin can be spread more wider so on that time bitcoin maybe will be used more as currency too.
Yes, bitcoin is termed as digital gold because of its increased high demand.
Yes maybe it is. Because bitcoin is also high in price like gold. But there's also a difference between gold and bitcoin. You can't touch bitcoin but in gold you can.
In some point, yes. It is because bitcoin and gold are both have a high value. But in general, for me, no. It is because gold have many uses and/or purposes. Gold is used in many fields like in digital and hospital technologies with those equipments to those nanochips. Gold is also used as a coating in jewelries and many more. Thinking about it, it is impossible for bitcoin to do what gold can do. So for me, bitcoin, in general, is not a digital gold.
Pretty sound statement you can't honestly disagree with it I don't think. Hard to say many altcoin projects are very promising and will change the landscape of blockchains. Hardly is that way and if you hear anybody preaching that, well then they are probably looking to get you to invest a few of your hard earned dollars 
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That' right. I think bitcoin is like gold. It has value like a gold that has price. Bitcoin is digital gold. Bitcoin can be used for invest. One of bitcoin characteristic is limited like a gold.
When we define gold it can also mean treasure or something precious as
So, yes bitcoin is like a digital gold to crypto traders and members since it gives furtune for those who have it and who desires it.
So, yes bitcoin is like a digital gold to crypto traders and members since it gives furtune for those who have it and who desires it.
Bitcoin is still termed as father all of crypto currency and with that being said I can assume that Bitcoin as a digital gold as no else online commodity has given better returns over long period of time than Bitcoin. Bitcoin may suffer potential up and down every day but at the end of year it comes with a positive balance-sheet in its hand
well, I guess bitcoin is not like gold. but, it can be said that bitcoin is digital gold, because when you have it, you're like having gold. but, the potential for bitcoin is greater than gold. whether it's in terms of risk, or in terms of profit.
Bitcoin is still termed as father all of crypto currency and with that being said I can assume that Bitcoin as a digital gold as no else online commodity has given better returns over long period of time than Bitcoin. Bitcoin may suffer potential up and down every day but at the end of year it comes with a positive balance-sheet in its hand
The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Technically, yes, but there is one catch. Gold is a property and it is accepted in any country and bank as an investment, meanwhile BTC should be considered as a currency, you can purchase something with it, at least it is thought to be that way. And it is much more volatile, than gold. Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Bitcoin values derive from such gold-like characteristics, as well as its function as a payment system like Visa.
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