Is it digital gold? - page 13. | Bitcointalksearch.org

Choii

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Quote from: a7goo on February 25, 2018, 02:35:51 PM

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.

Absolutely, Bitcoin is made of internet and they accepted in exchange of commodities either through online, that's why we can actually also called digital gold and also known as cryptocurrencies nowadays.

micheal wang

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Quote from: a7goo on February 25, 2018, 02:35:51 PM

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.

The way to get bitcoin is the same as getting gold, to get both by way of mined. But to equate bitcoin and gold I disagree with the limited amount of bitcoin while gold is unlimited. As for the potential of gold and bitcoin in the future, I'm sure everyone will choose gold over bitcoin. Only people who take a high risk to buy bitcoin, and only people who know bitcoin will say bitcoin is digital gold, for those who are not bitcoin just a digital money and do not even know it.

InvestMen

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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.

Toukexx99

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Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (only a certain amount will be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi the smallest unit of Bitcoin, just like cents in Dollars or Pennies in Pounds, so we can buy less than one Bitcoin), Bitcoin technology is also stable and will not degrade, nor can fake Bitcoin be made. Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.

bohr

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Quote from: uncleduckerr on February 25, 2018, 05:14:20 PM

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!

This is one of the best characteristics of bitcoin, gold can be very cumbersome and can be really difficult to carry it in big quantities but with bitcoin you only to remember your seed words and you can have your bitcoin with you all the time, in fact this was one of the reasons of why people liked the idea of a paper currency since they could carry huge quantities of paper money over long distances for a fraction of the effort and costs that required to carry the same gold.

vintages

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Quote from: a7goo on February 25, 2018, 02:35:51 PM

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.

Most times, i feel the need to refer it as such likewise I also feel its shouldn't too. Because Gold is gold, there shouldn't be an alternative, its an ancient treasure and deserves some respect. I know Bitcoin is most times been referred to as a digital gold because of the similarities between it and the traditional gold but it shouldn't. Just like the way it will be disrespecting for another coin to assume the place of bitcoin . In as much as we love bitcoin, let's not forget that Gold has been for centuries.

BettingTips

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No it's not. Bitcoin is Bitcoin, it's the first cryptocurrency in the world and the value of Bitcoin is better than Gold

. There is also a digital gold but it's not well known so almost people don't know about it. Bitcoin is the king of this crypto world, it's even better than real gold and digital gold of course

).

Bitcoinjheta

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Quote from: allohha on February 26, 2018, 04:09:43 PM

Quote from: ovcijisir on February 26, 2018, 04:02:29 PM

Quote from: aardvark15 on February 26, 2018, 03:50:10 PM

Quote from: a7goo on February 25, 2018, 02:35:51 PM

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’ve heard the comparisons made between gold and Bitcoin. The obvious thing they have is that they are both stores of value. Some people would say that gold is better because it has other uses such as in electronics and jewelry. Others say that Bitcoin is better because it doesn’t have to be physically stored anywhere and it can be transmitted to ant location quickly.

The both have unique advantages. I prefer Bitcoin because you don't have to phisically store it, and growth in price is huge. On the other hand gold can be sold without internet, but now is internet widely accessible.

You are really right, because both gold and Bitcoin have their advantages. You said that Bitcoin does not need to be physically stored, but forget that today you need to be afraid not only of a thief in the house or in a bank, But also a hacker on the net. Well, if there is no electricity, then gold will be more valuable, because you will not get Bitcoin.

Absolutely, bitcoin is a digital gold because of its promising price that are very vulnerable to us. This could be the most profitable coin that can not be compared of any other coin having a very dip difference to its value. That is why many people will invest becuase of that thing that will make rich at any time.

allohha

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Quote from: ovcijisir on February 26, 2018, 04:02:29 PM

Quote from: aardvark15 on February 26, 2018, 03:50:10 PM

Quote from: a7goo on February 25, 2018, 02:35:51 PM

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’ve heard the comparisons made between gold and Bitcoin. The obvious thing they have is that they are both stores of value. Some people would say that gold is better because it has other uses such as in electronics and jewelry. Others say that Bitcoin is better because it doesn’t have to be physically stored anywhere and it can be transmitted to ant location quickly.

The both have unique advantages. I prefer Bitcoin because you don't have to phisically store it, and growth in price is huge. On the other hand gold can be sold without internet, but now is internet widely accessible.

You are really right, because both gold and Bitcoin have their advantages. You said that Bitcoin does not need to be physically stored, but forget that today you need to be afraid not only of a thief in the house or in a bank, But also a hacker on the net. Well, if there is no electricity, then gold will be more valuable, because you will not get Bitcoin.

ovcijisir

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Quote from: aardvark15 on February 26, 2018, 03:50:10 PM

Quote from: a7goo on February 25, 2018, 02:35:51 PM

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’ve heard the comparisons made between gold and Bitcoin. The obvious thing they have is that they are both stores of value. Some people would say that gold is better because it has other uses such as in electronics and jewelry. Others say that Bitcoin is better because it doesn’t have to be physically stored anywhere and it can be transmitted to ant location quickly.

The both have unique advantages. I prefer Bitcoin because you don't have to phisically store it, and growth in price is huge. On the other hand gold can be sold without internet, but now is internet widely accessible.

aardvark15

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Quote from: a7goo on February 25, 2018, 02:35:51 PM

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’ve heard the comparisons made between gold and Bitcoin. The obvious thing they have is that they are both stores of value. Some people would say that gold is better because it has other uses such as in electronics and jewelry. Others say that Bitcoin is better because it doesn’t have to be physically stored anywhere and it can be transmitted to ant location quickly.

ayesha703

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No doubt that Bitcoin is digital gold. It is really so valuable right now that, it can be compared with gold. But the right word or name for bitcoin is it is digital cash. But if we think about the value and market condition, then Bitcoin is more valuable than gold.

Nrcewker

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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.

Dread Pirate Roberts

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More worth called digital money or digital currency.
because bitcoin facts are widely used for payment, and also if many differences in economic concept is almost like gold but its use like other regular currency.
which distinguishes it was Digital, Price fluctuates and his income through mine with computer algorithms.

AjithBtc

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Quote from: lsokalski on February 26, 2018, 03:00:17 PM

Yes. We can compare the bitcoin to the gold. But of course they have similarities. Bitcoin is a digital - you can see the amount on the computer. But the gold theyre giving you price it depends on the karats or the weight of Gold.

Bitcoin and digital gold doesn't have similarities. Because gold is completely backed with commodity, while bitcoin is a technology backed innovation. Digital gold is just an representation of gold in digital form. Each and every activity of bitcoin is related to digital networks.

lsokalski

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Yes. We can compare the bitcoin to the gold. But of course they have similarities. Bitcoin is a digital - you can see the amount on the computer. But the gold theyre giving you price it depends on the karats or the weight of Gold.

richardsNY

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Seriously, other than for tax purposes, why would anyone here care about what Bitcoin should be considered? If you put Bitcoin against every available developed asset, it has similarities with each one of them in its own way. Main point of importance is how you USE Bitcoin -- all the endless (IMO nonsense) discussions about what Bitcoin is or what it isn't, aren't things you should be paying attention to. If you use Bitcoin solely for investment purposes, then good for you. If you use it as a store of value, then good for you. If you use it as currency to conduct payments, then again good for you. Just use it in the way so that it suits your needs, and stop focusing on what others think about it.

tdrinker

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Bitcoin is not digital gold. It has similarities to gold but that's where the line should be drawn. While the intrinsic value argument isn't a logical one, it's one that many members of the public still believe in and that's why gold works so effectively as a store of value, unless bitcoin can prove to them it has intrinsic value it won't function as well as a store of value.

azguard2

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Quote from: a7goo on February 25, 2018, 02:35:51 PM

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.

Many consider bitcoin as digital gold and they are right. Bitcoin is something that is with one word beautiful. Many speak of him as digital gold and they are right, bitcoin is digital gold and it have more value then real gold with still dont make some reasonable sense for many companies, that why many consider using bitcoin or creating mining farm for mining bitcoin, they have everything for this.

olsen45

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no, not yet. uprising digital gold maybe. Many are yet to realize the full value of crypto currencies. and I am excited about that Cheesy

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