Bitcoin could have been gold if it was closed source but it takes most of its power for being open source ironically.
Topic: Is Bitcoin digital gold or digital cash? - page 22. (Read 12062 times)
On the contrary of what people think, bitcoin has infinite supply. All those altcoins popping up every day are side chains of bitcoin. They do exactly what bitcoin does. So bitcoin differs from gold in this matter. Gold has a limited supply as long as a meteorite comes from space. That doesn't happen so frequently
Bitcoin could have been gold if it was closed source but it takes most of its power for being open source ironically.
Bitcoin could have been gold if it was closed source but it takes most of its power for being open source ironically.
For me, bitcoin is a digital gold and currency because bitcoin is minable the supply is limited and it has stability like gold. So, it would be advisable to store bitcoins and sell it at the right time you could earn 70% profit. But it is also an currency supposedly bitcoin is an alternative payment method which you can pay anonymously without entering your personal info and your bank details to avoid the hackers stealing your info which is good.
For me bitcoin is digital gold than digital cash because on my place there are not many stores accept bitcoin for payment method, bitcoin be used for make investments into altcoins (trading altcoins in exchangers),
but i hope in the future bitcoin become digital cash on my place although it will takes much time because of many people
who doesn't know and understand about bitcoin and digital coins.
but i hope in the future bitcoin become digital cash on my place although it will takes much time because of many people
who doesn't know and understand about bitcoin and digital coins.
bitcoin is an experiment project doom to fail
it has both the property fo digital cash, but also a store of value, because digital cash would not have any store of value, all the fiat currency are the worst thing to hold for a long time, you would only lose money
bitcoin it's like gold that was turned to cash and can be used far more easily than carrying gold around, the similarity is also very obvious, like the mining aspect, probably satoshi was inspired by a variant of gold that do not require trust and was decentralized
what do you mean , bitcoin is accepted in many shop, therefore there is a utility and consequently a store of value
bitcoin it's like gold that was turned to cash and can be used far more easily than carrying gold around, the similarity is also very obvious, like the mining aspect, probably satoshi was inspired by a variant of gold that do not require trust and was decentralized
Without a level of utility value, bitcoin cannot be a store of value.
what do you mean , bitcoin is accepted in many shop, therefore there is a utility and consequently a store of value
Bitcoin is created to be a digital currency and use as payment method but it seems people also acknowledge Bitcoin as store of value, meaning it can be a digital gold. With these, I can say Bitcoin is both digital cash and digital gold since the feature Bitcoin both covers the function of this two option.
Bitcoin is both digital gold as well as Digital currency.
Bitcoin can be used as cash to buy products.
At the same time,since bitcoin price is constantly increasing,it can be stored as a long term investment.thus it may be called as Digital gold.
I agree with you..Btc can be used to buy products cause its also a digital currency... Bitcoin can be used as cash to buy products.
At the same time,since bitcoin price is constantly increasing,it can be stored as a long term investment.thus it may be called as Digital gold.
it's a speculative asset.
it's definitely not usable like cash any more considering the fees. you'd also have to be excessively confident to treat it as a serious store of value. both purposes might come in time but not any time soon.
to me i think it can be use as physical cash, we can see that bitcoin s already using as online cash for online shopping in most of online shops, wile in some places it is even usable in offline shops for shopping, so i will like to say that bitcoin is an online cash which can be use for both line as well as offline shopping. it's definitely not usable like cash any more considering the fees. you'd also have to be excessively confident to treat it as a serious store of value. both purposes might come in time but not any time soon.
For me, bitcoin is more like digital gold. It is heavily mined, its stock is limited, its value is constantly growing. Everything is like gold.
For me bitcoin is a dynamic store of value and an asset to invest. For me bitcoin can fetch a much higher return than any other asset present in the market as on today. I invest in bitcoin because I know and I believe in its potential. Gold is also an asset but it's a physical asset. Gold has many other uses than just an investment. So I really don't want to keep gold and bitcoin in the same position.
Rather, I will say bitcoin is a digital asset with far more potential than gold to perform better than any other asset class. So it is a store of value with dynamic pricing and higher potential. Let me put it that way.
Rather, I will say bitcoin is a digital asset with far more potential than gold to perform better than any other asset class. So it is a store of value with dynamic pricing and higher potential. Let me put it that way.
I voted that Bitcoin represents both digital gold and digital cash, and it's relatively easy to see why I would vote for that (and why a lot of other people also voted for that option). Bitcoin is valuable, it is rare and will likely retain value for a long time, like what you would expect from gold, while it can also be used relatively efficiently through the blockchain network that has been developed and, relatively, a lot of vendors do accept Bitcoin, making Bitcoin similar to a digital cash.
I chose both because for me, Bitcoin has the characteristics of both cash and Gold. It can be used on remittances and can also be use to buy something in some online shops that accept Bitcoin as a payment. It also has the characteristic of a Gold that its value sometimes increases and sometimes decreases depending on its market.
It is like gold - both. Remember, there was a time when people payed with gold coins. And they also could storage it. And it could be mined. Maybe its even better than gold.
it's true bitcoin more suitable called digital gold and bitcoin can be used as an investment just like gold. in ancient times gold was used as a means of payment same as bitcoin now. for polls I chose it depend because on the user bitcoin itself what to make.
It is like gold - both. Remember, there was a time when people payed with gold coins. And they also could storage it. And it could be mined. Maybe its even better than gold.
Bitcoin is a digital platinum, not a gold or silver. It's not a digital cash since you cannot cash your bitcoin out.
There are only two options and you will only pick either digital gold or digital cash and digital playinum is not one of them. About cashing out, yes,bitcoin can't be cash out literally, but it can be comverted to fiat so the user can still use it. But it says digital, cashing out a digital currency is absurd. That is why they are converting it. For me it is a digital gold because, mostly they use it as an asset, most of the users save bitckin and use it when the price is good.
Bitcoin is a digital platinum, not a gold or silver. It's not a digital cash since you cannot cash your bitcoin out.
There are only two options and you will only pick either digital gold or digital cash and digital playinum is not one of them. About cashing out, yes,bitcoin can't be cash out literally, but it can be comverted to fiat so the user can still use it. But it says digital, cashing out a digital currency is absurd. That is why they are converting it. For me it is a digital gold because, mostly they use it as an asset, most of the users save bitckin and use it when the price is good.
Yes your comment is true, yet I just see it as Platinum not Gold. That's all
Bitcoin is a digital platinum, not a gold or silver. It's not a digital cash since you cannot cash your bitcoin out.
There are only two options and you will only pick either digital gold or digital cash and digital playinum is not one of them. About cashing out, yes,bitcoin can't be cash out literally, but it can be comverted to fiat so the user can still use it. But it says digital, cashing out a digital currency is absurd. That is why they are converting it. For me it is a digital gold because, mostly they use it as an asset, most of the users save bitckin and use it when the price is good.
Bitcoin is a digital platinum, not a gold or silver. It's not a digital cash since you cannot cash your bitcoin out.
it's a speculative asset.
it's definitely not usable like cash any more considering the fees. you'd also have to be excessively confident to treat it as a serious store of value. both purposes might come in time but not any time soon.
it's definitely not usable like cash any more considering the fees. you'd also have to be excessively confident to treat it as a serious store of value. both purposes might come in time but not any time soon.
In my opinion bitcoin is an assets for me which but I could also says its money because I can convert it into a real cash. Moreover, as we going to look at it it is actually used as online payment or electronically used in online business mode of payment. Meaning, Bitcoin is not like a gold. 
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