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Topic: Is Bitcoin digital gold or digital cash? - page 7. (Read 12062 times)

hero member
Activity: 546
Merit: 500
January 04, 2018, 08:01:37 AM
I think that it can be both, but the right moment to use it as a cash is very complicated...so it's digital gold for me
full member
Activity: 125
Merit: 100
January 04, 2018, 06:53:23 AM
It is an value storage token that has got the similarities of digital gold. One thing that makes it better than the digital gold or digital cash is it's evolution within the system or technology unlike the commodity value. The value has now getting closer to gold and soon it would cross it growing big.

On my opinion I think that, It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. In addition, It is interesting how the marketing has changed over the years. And it seems it wasn't that long ago that it was trumpeted as both gold and digital cash. But I also agree on your opinion that, it is an value storage token that has got the similarities of digital gold. One thing that makes it better than the digital gold or digital cash is it's evolution within the system or technology unlike the commodity value. The value has now getting closer to gold and soon it would cross it growing big.
newbie
Activity: 16
Merit: 0
January 04, 2018, 06:38:58 AM
Bitcoin is just a digital cash and not a digital gold. It could only be called digital gold if it is backed up with gold in real world. Even though it can buy gold, it only has subjective value.
newbie
Activity: 2
Merit: 0
January 04, 2018, 01:30:11 AM
The question whether Bitcoin BTC ought to be digital cash or digital gold represents a false dichotomy: it can be both a secure and accessible form of money. By embracing modularity, the main Bitcoin blockchain can act as a maximally secure settlement layer, while second layer payment channels serve as pipelines for fast, high liquidity transactions.
member
Activity: 188
Merit: 10
January 04, 2018, 12:30:32 AM
Bitcoin is the currency of the future is very open and dynamic, the transaction is very easy and fast

I think you try to say that bitcoin is used for currency or payment system, but most of people use bitcoin only for investment. It means it is more suitable to store of value.
jr. member
Activity: 350
Merit: 1
quarkchain.io
January 04, 2018, 12:20:42 AM
Bitcoin is valuable as gold now. I think bitcoin will continue to grow as both and payment method a store of value for communities. For me, it is a store of value and I prefer to hold BTC for future as digital gold.
newbie
Activity: 137
Merit: 0
January 03, 2018, 11:58:55 PM
Bitcoin is indeed a digital currency that can consider a digital cash. Gold is gold physically but will never be as a digital gold.
newbie
Activity: 11
Merit: 0
December 29, 2017, 07:13:44 PM
Its not a gold its just a Diamond Believe it or not i am really shocked when i see the last 1 year btc graph dramatically change . stop thinking and lets run for digital diamond Btc .
IMO, Bitcoin isn't that much potiental for newcomer to invest anymore. Til the moment that it dropped price from 19k5$ into 13k only in 3 days already improved that how bubble it is.
member
Activity: 266
Merit: 10
December 29, 2017, 05:36:02 PM
To me, bitcoin is a payment system with many benefits that the old billing system has been overloaded and stagnant. Bitcoin with blockchain technology brings new wind to the payment systems. Sadly, most countries in the world still do not accept bitcoin and crypto because they fear and do not want to change their ingrained system.
newbie
Activity: 210
Merit: 0
December 29, 2017, 05:22:48 PM
Its not a gold its just a Diamond Believe it or not i am really shocked when i see the last 1 year btc graph dramatically change . stop thinking and lets run for digital diamond Btc .
member
Activity: 308
Merit: 10
December 29, 2017, 12:31:30 PM
Bitcoin is valuable digital currency or equal to digital cash and its value increasing regularly so we can store/hold as a asset like gold.
Bitcoin is a digital cash because if you want to bitcoin payment it will get you in cash not in gold, so if you have bitcoin you can achieve anything and also you have much more gold, but if you invest in gold it will risky for you because gold price is not going to high fast as like bitcoin, so bitcoin is much better than everything.
member
Activity: 322
Merit: 10
December 29, 2017, 12:07:20 PM
Bitcoin is valuable digital currency or equal to digital cash and its value increasing regularly so we can store/hold as a asset like gold.
member
Activity: 518
Merit: 10
December 29, 2017, 11:55:28 AM
Bitcoin has many functions, can be used as a means of payment, can also be used for long-term investment.
member
Activity: 84
Merit: 10
December 29, 2017, 11:48:47 AM
It is payment instrument, not gold not cash Smiley And actually it is very good that bitcoin and other altcoins are unique as a separate type of payment.
newbie
Activity: 70
Merit: 0
December 28, 2017, 12:50:37 PM
Digital gold, for sure. It's great to store the value, but awful as a mean of payment due to low speed and high fees.
asu
legendary
Activity: 1302
Merit: 1136
December 15, 2017, 06:22:00 AM
For me bitcoin is digital cash. That you can pay through online and something that has to do with internet. Bitcoin can increase its value that hasnt get from any one.  Its a secure and online procedure . Its cant compare to gold. When the time comes bitcoin will be gold. And her value be increase rather than gold
sr. member
Activity: 1386
Merit: 406
December 15, 2017, 06:16:46 AM
Bitcoin isn't a digital gold it's a digital currency.But i think Bitcoin is more than gold its a valuable currency in the world.

Bitcoin its a digital currency not digital gold, Bitcoin have a high value that use for exchange for money.
I you have bitcoin even if 1btc only it is a big money for me.
full member
Activity: 420
Merit: 100
Harmony for One and All
December 15, 2017, 06:05:06 AM
Bitcoin is both Digital gold and cash because it can be used for normal transactions and it can be used as a store of value
sr. member
Activity: 406
Merit: 250
December 15, 2017, 05:43:49 AM
Bitcoin is a coin in the internet or we can say that it is our owned. Bitcoin is the asset that can you keep either sell.

Digital cash and Digital gold is almost the same.

Digital cash was a cash like a fiat that can you use as payment and also bitcoin can do it.
Digital gold is a gold that can you keep and the price was expensive in the longer of time but bitcoin was not because bitcoin is not stable but it is the same as gold because of number supply.

They are the same, gold and cash was use as payment. gold was use as payment before and cash was the present use for payment.
member
Activity: 270
Merit: 10
December 15, 2017, 04:12:50 AM
Bitcoin is virtual gold and cash/currency /investment..easy to carry send & receive
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