Topic: Is it digital gold? - page 11. (Read 1064 times)
Yes it is like digital gold. But there is a difference. Gold can be found under soil and its amount may increase. But Bitcoin do not.
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.
Yes it can be classified as a digital gold,although bitcoin is more valuable than a real gold but it is exotic and hard to find like gold.Duplicating bitcoin is hard and if someone can make it i think only its creator can make it.It is a gold that only exist online and not in physical thats the only difference between the two.
In general, both gold and bitcoins are valuable assets. However, gold has long been considered the safest investment of money. Bitcoin is volatile and, in essence, represents a very risky investment.
These both have their own pros and cons. Gold is better is some fixed attributes and bitcoins are better related to other attributes and traits. It is us who have possibility to take out the chance and use anyone of them for our own better earning. Gold is safest income as per the developing era but bitcoins are not better in this case because they are new. But bitcoins give more profit ratios while gold don’t.
In one word is yes, cuz every crypto in mined and as such this is consider as digital gold. Every precious metal like gold is mined so bitcoin litecoin ethereum and so on are mined so that they can be sold latter for money.
Yes i agree, in my opinion, bitcoin is like a digital gold, because has a big value, but it increases and it is also an asset like gold. But bitcoin is under the process of technology system or stored in a computer or gadget that is why it may call digital gold.
i think comparing bitcoin with gold and named as gold is injustice gold is only in reach of wealthy person now but bitcoin is open for all and it is not digital gold it is simply a currency which is followed by the visionary people who are some motives and goals about their future and it is way better than gold.
Yes i agree, in my opinion, bitcoin is like a digital gold, because has a big value, but it increases and it is also an asset like gold. But bitcoin is under the process of technology system or stored in a computer or gadget that is why it may call digital gold.
yes of course, bitcoin is more than gold.btc is a way of getting rich.it's price is sky rocket. by btc people are more profitable. that's why I think it is digital gold.
If something which is digital and giving you profit, does it make it gold? Because the point is that gold has its physical identity and has proved its worth through out the history whereas bitcoin has just entered the market some 9 years back. I think bitcoin will not be called gold in the near future but it will be called “BITCOIN” instead as it will make its own name in the crypto field. One thing which is clear that there isn’t any other digital thing which has profited as much people as bitcoin. 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.
Yes of course I agree with your statement because Bitcoin is a new form of digital gold, a popular cryptocurrency that is now mainstream as adoption increases and the world is getting crazy with it. Though Bitcoin is not as stable as physical gold but try to look at it's price now it even surpasses the value of some valuable centralized assets like precious stones and metals. For me it is the fastest and the safest asset to have for a lifetime due to it's decentralized blockchain technology where no required middleman during transactions. 
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.
Who said we can not duplicate it. The Algo of bitcoin is used everywhere on the GitHub and other programmer center to replicate it in the altcoin code and that is strongest reference for it. On the other hand from where you think the fork coins are coming? The best way is to copy bitcoin codes!
It could have been digital gold if it would have been precious and stable in value. But it’s not that stable and there are many other coins which are far stable than bitcoin and are easy to get profit with. It’s all about the money after all.
Bitcoin is the digital dollar, but in my opinion, Bitcoin is not gold. Because gold is used as an ornament from ancient times. And Bitcoin is a digital high quality currency. Although both gold and Bitcoin are valuable. But Bitcoin is not modern gold.
Bitcoin does not resemble gold in any way. There are huge differences between gold and bitcoin. The major difference is that gold is highly involatile but the bitcoin is famous for its volatile nature.. gold is limited to ornaments and is not highly decentralised but bitcoin offers big security by being decentralised. 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.
Yeah bitcoin is digital gold. Becuase its value is so high. For me it is more than gold. Becuase bitcoin is volitile, we didnt predict its value. But if in long term the of bitcoin is much higher.
Bitcoin is the digital dollar, but in my opinion, Bitcoin is not gold. Because gold is used as an ornament from ancient times. And Bitcoin is a digital high quality currency. Although both gold and Bitcoin are valuable. But Bitcoin is not modern 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.
Some people are pretend that bitcoin is digital gold. But actually they are different, gold is physical asset and bitcoin is digital asset. But you should consider about the risk too. Bitcoin is good for trading and online transactions but the risk is very big in it.So probably, we can either just call it a digital asset or an equivalent of a gold asset but in a digital form as long as we know what we are trying to imply.
It sounds even better and more appealing. Bitcoin is comparably digital gold. Sought after and very pricey in the market.
A solid and impregnable commodity, asset and investment. A wise and deluxe choice to anyone who gets the
opportunity to purchase and own one or more. There was even a time that bitcoin rivaled gold, in
terms of price and the speed that took in such a short amount of time that it was able to
surpass gold's market value. Virtually you can mine bitcoins just like gold in real life,
it mimics and facsimile the likeness of obtaining gold in the real world.
Both are assets that emerge to be symbols of wealth,
status and fortune today.
A solid and impregnable commodity, asset and investment. A wise and deluxe choice to anyone who gets the
opportunity to purchase and own one or more. There was even a time that bitcoin rivaled gold, in
terms of price and the speed that took in such a short amount of time that it was able to
surpass gold's market value. Virtually you can mine bitcoins just like gold in real life,
it mimics and facsimile the likeness of obtaining gold in the real world.
Both are assets that emerge to be symbols of wealth,
status and fortune today.
Bitcoin or any crypto is consider as digital good. So bitcoin can be gold something can be silver or any other precious metal that is mined. Off course cryptos are mined to but in different way but still they are mined. So anything can be gold in one way or another.
Yes I agree. Digital gold is the same as bitcoin. Equally high value asset is safe and guaranteed. But the risk is different. Gold is much safer and real due to real physical. Bitcoin risk is not real. Bitcoin and gold are both good to invest.
I don't quite agree with the fact that Btc is digital gold.Because gold is the physical asset,its price is in Government and sometimes the gold price decreases or stays for a long time.On the other hand,Btc is completely different because it's an online job,it's useful for transactions,this is the digital network.Btc is much more expensive than the value of gold.And Btc is the digital asset for future generations.
I agree with you that bitcoin is a portfolio asset comparable to gold, and digital currencies should be considered low / zero returns or hedges, just like assets, just like gold. Gold is not a real currency, but it is easily converted into cash.
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.
The term may be correct, digital gold. Bitcoin is is really digital because it not tangible, you can only find it in the net, but it is still an individual asset. In terms of value, it even exceeds the price value of real gold in a very large gap. It is also being mined like gold, but all these similarities are not exactly identical to the property of each other. Both will always roll in their own market cap. 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.
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.
I agree on you, I consider bitcoin as a digital gold. Why?
Because bitcoin is a really gold it has a high price the value is accepted all over the world in which we can easily change the equivalent. The virtual money can be a real money. Many people admire and wants to invest bitcoin because they find out that it brings richness and belongs to elite group. Many individuals wanted to Invest in bitcoin eventhough the price is still changing but no hopeless at all because their is capacity to be in high portion.
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