Topic: Is bitcoin digital gold? - page 9. (Read 1289 times)

Bitcoin is a more useful gold, you can keep it as an asset and also spend it like currency. This makes it better than gold.

Now a days,
All are sayied that it is higher then gold

Yes bitcoin is a digital gold, because its value is not far to avail a gold but it depends on which way you are going to use it. Specially when you are using it as an investment, it may be like a gold. You are just going to wait and watch its value to rise or pass the value of the gold. It is situational for me.

While many crypto investors have coined Bitcoin as the world’s “digital gold,” others are growing uncertain of Bitcoin’s value.

Howard Wang of New York-based Convoy Investments LLC and Jeremy Grantham of GMO LLC have analyzed Bitcoin’s advance relative to past frenzies and concluded that it’s unsustainable, which was noted in a recent Bloomberg article.



In a letter to investors sent out on January 3, Grantham summed up his concerns over Bitcoin saying, “Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble.”

However, it is still too soon to tell if the “Bitcoin bubble” will indeed burst. What has become clear though, is that Bitcoin should not be considered a safe-haven asset.



I say this as I examine a chart complied by the data visualization site HowMuch, which displays an illustrative table of all the “horrific Bitcoin crashes” that have occurred since 2012.

Looking at this chart, it appears that Bitcoin lost 83% of its value in just three days between April 10, 2013 to April 21, 2013. Bitcoin’s next biggest crash occurred just recently, losing 70% of its value from December 2017 to February 6, 2018.



Now, compare this with the price of gold. According to data from the London Bullion Market Association, the price of gold appears fairly steady from day-to-day.

Considering this, Bitcoin investors and holders might find it interesting to know that major precious metal retailers have started accepting Bitcoin payments for gold, silver, platinum and other products from various mints. For example, APMEX Inc., one of the largest online retailers of precious metals, recently began accepting Bitcoin payments through the Bitcoin payment processor, BitPay.

Ken Lewis, CEO of APMEX, told me,

“As we are probably all aware, Bitcoin prices have surged in the last year, seeing an overall increase of nearly 1,200% in 2017. Investors started getting excited about Bitcoin and many casual traders even got involved with the cryptocurrency. Relative to Bitcoin, precious metals prices are far more stable, with Gold seeing just over a 12% increase in 2017 (Silver up roughly 5%). While people are obviously still highly interested in Bitcoin, many are turning to precious metals for a more, in a sense, secure investment.”

Yes bitcoin is a new gold and more exactly speaking it is more volatile than gold and investment into BTC is much profitable than investing into any other business and moreover the valuation fluctuations is more frequent and the valuation inflates at very high rate and moreover it is very reliable crypto currency that might replace the paper currency in the future.

I think it depends on the way in which you use it. If you use it like a currency, then no it isn't even close to digital gold. But if you are to use it as an investment, it could be digital gold -- as you're just sitting around and waiting for it to be worth more (which is what a lot of people do with bitcoin and gold)
Gold has been trusted since thousands of years ago as a valuable commodity and the price is stable. I can not guess the bitcoin will last thousands of years.

Actually if you think about it closely bitcoin is actually the virtual or digital gold but perhaps the way of getting bitcoins is called mining which typically make sense because getting them is not easy but they may have a lot of similarities and their values may differ they also have a bunch of differences but unlike gold you don't need any third party organizations to make transactions and are also more convenient than gold itself it has a ton of benefits which is very also very nice.

Yes, bitcoin is very popular and expensive that we can compare its value to gold. This is very known also as digital gold because of its stability in the market.

It is obvious that if something is limited, it becomes more valuable. This will ensure that the price will only rise with time. The existing investors holding Bitcoins can be assured of the fact that they have made the right decision by investing in Bitcoins instead of other options like gold.

There are still lot of gold reserves and new ones are also being explored. So if we compare supply wise, bitcoins has more limited supply than gold.

i think it was yes because bitcoin is more than great than gold so i think it was a high quality digital gold or a biggest currency.

bitcoin as a digital investment that pluktuatif price .. the price is uncontrollable but many are investing

I believe in bitcoin. It is traditional usd or gold in cryptocurrency and it will be used for a very long time.

I could say yes, because as i know bitcoin and gold have some same feature, like being rare. Bitcoin is rare because it just have a limited number. The more people were using it the more it will be expensive and more people would be interested to buy and sell it

rather than gold, why don't say it is a digital USD ?
in my opinion, bitcoin now has used by many peoples around the world.
bitcoin price not stable as gold. it is a quite wrong i think if bitcoin is a digital gold.

In my opinion, bitcoin is the new digital gold. Yearly, the bitcoin amount is increasing.  The same as gold, the amount of gold is expensive. So i think bitcoin is a gold.

Naaah, I think that is something booster. Although bitcoins are so superman right now that it is making the world amazed with its amazing feat of success and performance but as far as replacing gold is concerned, definitely this can’t happen. Neither now nor in coming years. But if the time comes after 2 3 decades when bitcoins would be best currency or asset in world, then the chances can relive.

BTC I think, for example, take the gold market, this is I do most of a market, in the past few months, everyone has to reduce to the actual demand, I will feel in less demand, the demand for BTC actually increased, if you look at the two markets, both of them are hopes to be able to come out from paper currency system.


We see some more brave into BTC virtual currency areas, why to do up the CTC, the futures contract for BTC more and more as a pattern of a payment system, you can more think the COINS into a form of payment, of course, this is a very volatile market, there are a lot of risk, I mainly if I want to buy some BTC, I really want to make sure that after buying can have a very good settlement.

Terming it as 'digital gold' could be a bit of an understatement for Bitcoin as it has outgrown the likes of gold and diamond by a huge margin. We knew about the existence of gold from centuries, dating back to the BC era and yet it has shown barely any significant growth compared to Bitcoin which has grown in a huge fashion just under a decade.


Being the first of its kind, it definitely deserves to be there as the number one until something better comes up and takes over, which is highly unlikely. Ethereum has a long way to go as far as overthrowing Bitcoin as the #1 crypto is concerned.

Bitcoin can be considered as a long-term investment or payment instrument. The value of gold is maintained by the store and circulation of each country in the market. The value of gold and bitcoin have different regulatory mechanisms. Many people know about gold, you can sell gold right away if you want to, but if you want to sell bitcoin you need the right technical equipment. This subject is quite difficult to cover. There will be a lot of controversy over gold and bitcoin because their nature is not the same.

Yes, I agree that bitcoin is digital gold, because both have in common, one of them, both have value.

Bitcoin and gold both have an exchange rate, which makes both can be used as a means of payment. In addition, Bitcoin and gold also have relative value to other assets such as currency, stocks, commodities, and so on.