Topic: Is bitcoin digital gold? - page 5. (Read 1272 times)
I think it is not really that fine. Golds price is always just growing slightly. But bitcoin is jumping as dumb up and down.
Yes, you can it digital gold based on the way its value keeps increasing with time. Only difference is governments do not consider it safe or valuable.
In my opinion, Bitcoin can be digital gold. Because Bitcoin prices rise in the same amount of time, just as the price of gold and occasional eclipses. Profit by investing in gold, as well as profit by investing in bitcoin. However, it is true that investing in gold will be less risky, but there is a little more risk in investing in Bitcoin. But if Bitcoin is used all over the world, it will change the state of the economy. As gold is used to enhance the beauty of human beings, Bitcoin is used to provide comfort to people's lives.
Bitcoin converges enough elements to become digital gold. It even exceeds the value of gold in the future. Since the BTC has only 21 million, the amount of gold is still unknown
yes many of the same sectors of bitcoin and gold, as we have to get them both by way of "mining them" first and the longer "mined" bitcoin and gold get harder then they have similarities in scarcity and ever-rising value.
gold is believed to be a valuable precious metal, and its value will continue to be more expensive in the future. Therefore, gold is used ranging from valuables, moving assets, and also investment. Bitcoin is also like that. With its total stock of only 21 million "pieces", Bitcoin is believed to be a powerful payment method that can be used to transact or store as valuable goods whose value will continue to rise but the advantage of bitcoin for its simplify while gold already has a level of trust in terms of value
gold is believed to be a valuable precious metal, and its value will continue to be more expensive in the future. Therefore, gold is used ranging from valuables, moving assets, and also investment. Bitcoin is also like that. With its total stock of only 21 million "pieces", Bitcoin is believed to be a powerful payment method that can be used to transact or store as valuable goods whose value will continue to rise but the advantage of bitcoin for its simplify while gold already has a level of trust in terms of value
I mean if we are going to describe anything as digital gold then bitcoin is surely the right choice for it. It's obviously an asset which people can invest in and make profit from. It's only fitting
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.
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.
I think the bitcoin is digital gold, the bitcoin price is higher than gold and it is so popular. 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.its my opinion.
This means that bitcoin has begun to grow so that many billionaires double BTC, so big as to be sure that bitcoin is equated with gold and also means the existence of bitcoin is getting accepted. I hope bitcoin can also grow and lead other coins so the market value of bitcoin is rising, as bitcoin transaction rates grow, as well as more project projects using other coins that use bitcoin value benchmarks. Hopefully this can happen with the real development of bitcoin values
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, it is worth and more than a digital gold. Yes, it is mined by the miners just like how gold is ng mined. But gold is tangible and being mined in the rocks or any other land that has a full of minerals on the other hand, bitcoin is not tangible and being mined in the computer, they are both need a lot of energy to be successful. 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.
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.
I think bitcoin tops the list among all cryptocurrencies. Gold has been the symbol of the rich and money. And as we enter the technology dependent society we live in, bitcoin is the "gold" of this era. The next generation will likely to praise bitcoin where the money is digital and transactions are made online. This will help us build our economy ready for the future.
“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.
I really like this statment.
bitcoin is gold in the form of digital, even more gold in the eyes of some people, and I am sure in the future everyone will say the same with me !!!
I don't think we can consider bitcoin as being digital gold because bitcoin is one thing and gold is another thing. They are very different from each other. First of all gold is a materialistic thing that you can touch. People trust gold and know the price is going to maintain or increase on a very long term and that's why they think it is one of the best investments.
In a way yes, It has intrinsic value due to amount of money it costs to create one in a similar way to silver or gold. Gold way used to trade for 1000s of years and I think it is very possible this is the next evolution.
Maybe so. The blockchain platform really gives bitcoin and some of the emerging market to serve as gold. So, in some areas we can agree that bitcoin can be said to stand as digital gold.
Well, it definitely is! I just believe that bitcoin is a chance for all of us. It helped me to achieve some goals in my life and that’s actually a big thing for me. I’m not looking for a quick money, i’m patient enough and for sure i’ll continue to support bitcoin.
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.
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 as gold.... Its comparison has very marked differences and is that unlike gold, the price of bitcoin is not constant, its volatility has made it unpredictable and despite being an investment that has long tended to grow, in the short term it has suffered multiple recessions, In addition, it is still a high risk investment because we do not know if it will pass the test of its value over time.
So it's not the best comparison...
Bitcoin and gold have a high value. In general gold has many uses. Gold is used in many fields such as digital technology and hospitals with such equipment for nanochip. Gold is also used as a coating in jewelry and more. Odds of bitcoin to do what gold can do. Bitcoin is not digital gold. 
Well, at some time it was him,well,it also depends on the market,prices are falling and falling, and gold remains always the same irreplaceable.
for a stable price and not too far of course is gold, but if you want to receive a significant advantage more to bitcoin though of course it takes accuracy in analyzing and patience to act due to rapidly changing prices.
It is difficult to answer the question about the position of bitcoin in the world of financial relations. I don't think it's right to compare it with currencies. Functions and volumes of used stocks are completely different.
Yes, bitcoin is digital gold, the value of bitcoin is like gold, it is also popular and many investor keep it is as a treasure. Bitcoin is also use in daily needs.
does not agree with you !! 
Whether bitcoins actually replace gold (not to mention the traditional currency supported by the government) has been the subject of heated debates, as evidenced by the recent event titled Gold versus Bitcoin, held at the New York comedy club, in which a well-known supporter of gold , Jim Rickards, and James Altucer - the author of self-help advertising tips on bitcoin investments under the pseudonym "cryptogenies".
Cameron Winklewoss, reportedly with his twin brother Tyler, has turned over more than $ 1 billion in bitcoins as a result of his claim against Facebook, and, calling bitcoin "gold 2.0", claims that crypto currency can "undermine" gold.
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