Topic: Is it digital gold? - page 5. (Read 1045 times)
Yes, I agree. Bitcoin is transferrable asset. Like paper money it so easy to transfer to another account. But bitcoin is more popular in gold nowadays.bitcoin is dominating around the world.
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.
Bitcoin can now be compared to digital gold, if you mean that now people use it primarily as a repository of value. However, if this continues to happen, then in the future the situation will change for the worse. The primary use of bitcoin as a repository of value limits the offer for sale in the market and therefore leads to an increase in its price. At large price values of bitcoin, it will pose a big risk for investors and, accordingly, it can any day due to the occurrence of a possible panic drop in value until depreciation. Therefore, in this case, it will then be an unreliable repository of value and digital 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.
Its not duplicate? But it can be copied and other copies can be made for this coin mate and thats what we call as forked coins. To be honest BTC is not gold or anything like that and its not comparable to that at all. Gold's characteristic are far better than BTC where it does have physical form, it is used in the jewellery and liked by billions of people. What about the BTC, where does it stand as digital gold also? I think no where! It is currency and we should look at this coin in that particular way only.
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 think bitcoin as investment is better than gold. Profits potential we can gain in bitcoin is much more than gold. Beside that, as an asset, we can transfer bitcoin anytime we want and instantly. With limited supply, bitcoin right now getting more popular as investment and its profitable investment in the future
agree with you and in the future, bitcoin will be more popular than gold because it gives opportunity to people to make money and investment at the same time. regarding with limited supply, the price of bitcoin will get high and expensive in the future so only a few people that could buy bitcoin. and this is the benefit of a new digital technology which bitcoin used and in the future, we are going to getting involved with other new technologies.
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.
That's right, and I agree with you OP.
Because it's in accordance with the nature of bitcoin (the initial design of bitcoin), but has a volatile market value (bitcoin values may vary from time to time).
With more than one ounce of gold today, and in its wholly digital form, bitcoin becomes the currency of choice for investors around the world to use as an investment asset.
With value more than an ounce of gold today and in its wholly digital form, bitcoin becomes the currency of choice for investors around the world to use as an investment asset.
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 think bitcoin as investment is better than gold. Profits potential we can gain in bitcoin is much more than gold. Beside that, as an asset, we can transfer bitcoin anytime we want and instantly. With limited supply, bitcoin right now getting more popular as investment and its profitable investment in the future
Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without loss of unit value (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, equal to US Dollars or Penny in Pound, we can buy less than one Bitcoin), Bitcoin technology is also stable and will not decrease, nor can Bitcoin be fabricated. In addition, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin.
Each type of investment has their own advantages. Though it is profitable, they will always have disadvantages part in gold investment. First, from the buying and selling rates when you do gold investment. The rate could be profitable because when you buy or invest when the price were down, we might get a lot of investor. Otherwise, by the time the price is up there will be chance that you will get smaller. Not only that, there's also some additional costs which cause gold to be more expensive than they already are.
As for bitcoin, they have advantages that they didn't bond to company who set the price, that's why this is the main factor why bitcoin so popular to the investors. In one side, bitcoin is already profitable and the fee is cheap.
As for bitcoin, they have advantages that they didn't bond to company who set the price, that's why this is the main factor why bitcoin so popular to the investors. In one side, bitcoin is already profitable and the fee is cheap.
Yes, I think this is digital gold. Many people also assume that this is digital gold. Can be seen from the nominal equivalent of gold.
I think Bitcoin is a popular universal cryptocurrency used to buy or trade on the market, which is similar to gold as a universal currency - independent of exchange rates.
Bitcoin is considered as digital gold because it is now accepted in commodity exchange either through online or physical stores.
That's true because bitcoin is the mainstream of crypto investment today and that it is considered as the gold in binary form today and became the largest wealth distribution to date. Through bitcoin, your life will really change dramatically.
I agree with this statement. Really, Bitcoin can be compared with the digital gold because it is accepted in exchanges. You can buy commodities using it and it is decentralized. As for me, it is the currency of the future.
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.
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.
Yes, this is correct bitcoin is a digital cold
Satoshi's papers, stated: Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Is nothing about "digital gold", no matter what banksters want to be (and trying to change people's mind), Bitcoin always will be a protocol for P2P currency.
Is nothing about "digital gold", no matter what banksters want to be (and trying to change people's mind), Bitcoin always will be a protocol for P2P currency.
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.
can be said so, because this bitcoin is as valuable as gold, which distinguishes it only the shape and how to get it, but if it is bathed in gold, this bitcoin is more unique because it can not be falsified so there will be no fake bitcoinBitcoin is not physicall like gold but they're now competing with each other. Bitcoin comes with a lot of features for money transfers and global payments, however gold investment is expensive and hard procedure one. Bitcoin seems to be better than gold in terms of investment.
Well we can actually say that because it has a similarity in gold not actually the physical gold but the value of gold getting higher and higher in just a matter of time. The only difference is we the trader see how much the supply we had but in physical gold we cannot.
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.
You can think of bitcoin as well as digital gold, when everything is relatively normal with bitcoin itself. However, even Satoshi Nakamoto said that in twenty years there will be a lot of bitcoin transactions or there will be no transactions. Now there are many options for the development of events, in which the digital gold bitcoin will turn into only one memory, because there are many options in which bitcoin can drastically depreciate. This is especially likely when bitcoin rises very high in its price. Investors will then be very anxious that nothing happens with their digital gold and will listen very much to various news affecting the course of bitcoins. And such news, including false ones, will periodically arise. If the depreciation of bitcoins with the appearance of normal volatility coincides with the appearance of negative information, some may regard this fall as a manifestation of the action of negative information and the nervous will sell their bitcoins in order to avoid losses. This will lead to a further decrease in the bitcoin rate and then such panic may begin that most of the bitcoins will not even have time to withdraw their remnants of digital gold, as this gold will turn into dust. Bitcoin will practically be devalued in this case. 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, bitcoin can be compared to a gold, precious and you cannot replicate it. During the past time, when fiat was not very known, it was the gold that was used in trading. In the future, I know bitcoin will be used. The digital gold for all of us. 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.
No, I am not agree, I think Bitcoin is Bitcoin, it's the first cryptocurrency in the world and the value of Bitcoin is better than Gold. It is not a digital gold, Bitcoin is the king of crypto , it is better than real gold.
Well for absolutely yes.Bitcoin is like gold as of now,It is very important because it can be able to made you rich that is why you must to invest now as much as yu can and also keep on earning as well so that you will earn big profit the value increases.
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