As close as you can get to being digital gold with the one addition that you don't need to carry it around with you. All you need to remember is a 12 or 24 word seed phrase and you have your wallet in your brain at all times!
We can say that bitcoin is digital gold because it gives us such great value as the gold that we have had for thousands of years in human history, the value it gives us. It is undeniable that we can compare it to digital gold. 
Topic: Is it digital gold? (Read 1045 times)
I have read that it can be really called so because Bitcoin is a great currency that will help everyone to realize its great pros. I am sure that btc is strong enough to become very popular and it will be approved by most governments
Yes, I think that bitcoin is digital gold. Satoshi Nakamoto wanted bitcoin to become a currency but the people have already turned it into a kind of investment. Many bitcoin are hold by investors without being spent. Therefore, people truly turn it into gold
Definitely, bitcoin is the digital gold because it is precious as gold. Bitcoin's price soar high over the past 9 years. That is why many people would want to own one.
Bitcoin will be the digital gold of the future!
BTC's scarce performance has allowed it to gain public recognition. Bitcoin transactions can be tampered with under decentralized mechanisms and thus have value!
BTC's scarce performance has allowed it to gain public recognition. Bitcoin transactions can be tampered with under decentralized mechanisms and thus have value!
Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.
True bitcoin is digital goldBecause this bitcoin increases sharply every year compared to gold. Therefore it is very profitable if we have bitcoin for future investment
Maybe it is or maybe not. But bitcoin is sometimes called a digital gold because of how its prices increased a lot in a few years span. Bitcoins are also mined so maybe it is a digital gold then.
bitcoin and gold have some similar resemblances. and this affects the prices of these two commodities. with limited supply will make bitcoin and gold more expensive.Yes. Bitcoin could be label as digital gold. It is often compared to gold since they are both great assets. Bitcoin is as precious as gold. But unlike gold, it could only be mine in the digital world.
Maybe it is or maybe not. But bitcoin is sometimes called a digital gold because of how its prices increased a lot in a few years span. Bitcoins are also mined so maybe it is a digital gold then.
bitcoin and gold have some similar resemblances. and this affects the prices of these two commodities. with limited supply will make bitcoin and gold more expensive.
If you have thought and said so, I see that you are not wrong, bitcoin is like gold, especially those who are bitcoin members will appreciate their value and will treasure them as precious even gold than gold.
Maybe it is or maybe not. But bitcoin is sometimes called a digital gold because of how its prices increased a lot in a few years span. Bitcoins are also mined so maybe it is a digital gold then.
In monetary terms, bitcoin trumps gold. BTC can infinite integral, easy to carry, this is a big threat for governments of monetary policy), payment speed, easy to discern between true and false, it is said that made the fake BTC cost is high, it is better to invade the traditional banking system more easy). So, from a monetary point of view, gold is a currency about to be eliminated.
you simply cant compare bitcoin with GOLD . but believe me Bitcoin is better then gold 1000 times ... in some reasons GOLD is good because physical item and bitcoins only in numbers over internet.
Yes, Bitcoin is a Digital Gold. Gold maybe a Solid asset, used as the Financial Asset by its government during the early year of trading and until now still use as collateral for trading.But with this emerging crypto currency market trading Bitcoin is the talk of the town in the market place. In reality we can not simply compare a Solid asset to Digital one, both are with different qualities, and status in the market.
Take a look at the logo of Bitcoin. It is a gold coin. When Satoshi Nakamoto compiled the first public open source version of Bitcoin Core in 2009, he designed the icon for executable file with the yellow coin and the text "BC" painted on it. Yes, Bitcoin is a digital gold among the crypto currencies.
I agree it's a digital gold, and I think that would be the best way to describe bitcoin as digital cash isn't really the right way to do that, I still think that bitcoin is a lot more then just digital gold.
Gold is a decentralized , can't be controlled by anyone and no one can print or make new gold out of no where, just like the bitcoin, it's price is being determined by real time trading, and nothing else, the inflation rate could be called fixed as there is not an organization that can decide to change the rate, but we can't know if someone will find a new gold mine or a planet full of gold in the future.
Both bitcoin and gold can act as a store of value
Bitcoin can also be transferred electronically, a place where gold failed,and is very easy to transfer and to verify that it's legit, and that's why it can also act like cash and not just like gold.
Gold is a decentralized , can't be controlled by anyone and no one can print or make new gold out of no where, just like the bitcoin, it's price is being determined by real time trading, and nothing else, the inflation rate could be called fixed as there is not an organization that can decide to change the rate, but we can't know if someone will find a new gold mine or a planet full of gold in the future.
Both bitcoin and gold can act as a store of value
Bitcoin can also be transferred electronically, a place where gold failed,and is very easy to transfer and to verify that it's legit, and that's why it can also act like cash and not just like gold.
A lot of times bitcoin is being compared to gold because it is indeed both a great assets. Bitcoin is as precious as gold its value gets higher as time goes by. But one of the features of bitcoin that is unique from gold is that it is digital and work by means of technology.
Yes, I think that bitcoin is digital gold. Satoshi Nakamoto wanted bitcoin to become a currency but the people have already turned it into a kind of investment. Many bitcoin are hold by investors without being spent. Therefore, people truly turn it into gold
I have heard from many people who like digital currency that they value it as the gold. I can say that it is possible to name it the digital gold because it is not less valuable today and its popularity grows every day
Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.
It is a digital gold because of its price. Aside from being valuable coin, it is also a trusted and reputable one. Gold is being mined and bitcoin is also mined. Gold is indemand element and all countries recognize it. Bitcoin too has high demand. Bitcoin is the new gold.
Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.
It is a digital gold because of its price. Aside from being valuable coin, it is also a trusted and reputable one. Gold is being mined and bitcoin is also mined. Gold is indemand element and all countries recognize it. Bitcoin too has high demand. Bitcoin is the new gold.
really bitcoin is digital gold .. because the price of 1 bitcoin very far exceeds the price of 1 gram of gold.
Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.
Personally, I am skeptical about this statement. While everything is fine, bitcoin can be compared with digital gold. However, it will not always grow and increase in its value. Already, certain problems are outlined in this regard. What will happen to your digital gold if bitcoin falls significantly in value?In addition, a second scenario is possible. Let's say bitcoin will grow very much in price. Investors are happy, but will worry about their assets in bitcoin. And the volatility of bitcoin will manifest itself at its high price values and, quite possibly, even more, because the range of price fluctuations will allow it. If volatility in time coincides with negative news, then the nervous will start selling their bitcoins with the fall of its rate. A panic will begin, which, according to the domino effect, will very quickly lead to its depreciation or a very substantial drop in its rate. What will happen with digital bitcoin gold?
Sometimes its better to take risk rather then play safe. Many new rich people are rich cuz they made right move in bitcoin and now they have good amount of money and they didn't do anything just made one risk investment.
I think Both bitcoin and gold can act as a store of value
Bitcoin can also be transferred electronically, the place where gold fails, and is very easy to transfer and to verify that it is legitimate, and that is why it can also act like cash and not just like gold.
Gold is decentralized, can not be controlled by anyone and nobody can print or make new gold from where, like bitcoin, the price is determined by real time trading, and nothing else, the inflation rate can be called fixed because no organization can decided to change the rate, but we can not tell if someone will find a new gold mine or a planet full of gold in the future.
Jump to: