Topic: Is it digital gold? - page 7. (Read 1045 times)
you may consider it as online gold
For me, it seems like a digital gold because it was also being mined. The only thing is that the cost of Gold is stable in the market while the cost of bitcoin is very volatile. So for me, its a digital Gold with a volatile value.
And if there is no internet? What will happen to this "gold". Even scary to think, rather than gold and the dollar of the crypto-currency market.
No internet means obviously no on-chain transactions. It however is still possible to transact off-chain, which at that point basically means that you and other parties exchange private keys holding a certain amount of Bitcoin value. It's a method requiring an insane level of trust, but it at least is possible to still exchange value, and that's something a lot people don't even know or think about. Gold however is also a great asset to hold alongside Bitcoin, and that's something the more high level holders here do as well. I personally hold almost 250 grams in small gold bars currently, and that amount has been growing year after year....
Bitcoin is a virtual currency just like credit cards
It's not. Credit cards are nothing more than an optional service being offered by whatever financial institution. It's impossible and not appropriate to compare complete opposites. A credit card is nothing by itself -- it thrives on fiat in the end, and that's the main factor.
Of course it is digital gold, name me another currency you can't inflate? Simple as that, the law of mathematics win every time. Bitcoin is a marvel when you consider it that way, the fact that no currency like this has ever come before it.
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 is a virtual currency just like credit cards and in order for us to earn profit then we should hold our coins for a very long time till the price in the market increase but still we can use this cryptocurrency we are holding to pay bills and any items we want to purchase as long as there's a cryptocurrency payment method.
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 has all the same characteristics as gold.
Just like gold, the amount of Bitcoin is limited, then , Bitcoin can be broken down into smaller units without losing the value of the unit, so we can buy less than one Bitcoin.
Bitcoin technology is also stable and will not experience degradation, nor is it possible to be made fake Bitcoin.
Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes.
Regardless of similaritys. That's why people call Bitcoin a digital gold, but the better gold.
And if there is no internet? What will happen to this "gold". Even scary to think, rather than gold and the dollar of the crypto-currency market.
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 has all the same characteristics as gold.
Just like gold, the amount of Bitcoin is limited, then , Bitcoin can be broken down into smaller units without losing the value of the unit, so we can buy less than one Bitcoin.
Bitcoin technology is also stable and will not experience degradation, nor is it possible to be made fake Bitcoin.
Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes.
Regardless of similaritys. That's why people call Bitcoin a digital gold, but the better 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.
Yes, Bitcoin has all the same characteristics as gold.
Just like gold, the amount of Bitcoin is limited, then , Bitcoin can be broken down into smaller units without losing the value of the unit, so we can buy less than one Bitcoin.
Bitcoin technology is also stable and will not experience degradation, nor is it possible to be made fake Bitcoin.
Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes.
Regardless of similaritys. That's why people call Bitcoin a digital gold, but the better gold.
its better not to reach out for this 'Gold' rather work and earn or invest real world gold. it will make you low but safe profit
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.
its better not to reach out for this 'Gold' rather work and earn or invest real world gold. it will make you low but safe profit
Yes, I think this is digital gold.
Btcs are higher in price and are more volatile than gold or other physical assets. Yet its profittable to its user and can be called so
I agree that bitcoin is digital gold that we own in the internet and not in our real life but we have a chance to sell that bitcoin for the money like what we did with gold. I agree with bitcoin is a transferable asset like gold, fiat or else and we can also use bitcoin too in every day to exchange into money so we can buy something for our daily needs. and everyday we live in a new technology and we cannot depends on traditional way forever and if the new era comes, then we need to follow with that era so we can stay living and make a better life. and with existing bitcoin in the internet and maybe in our life too, I think it will give another experience to use gold and bitcoin in the same time and our life which is in internet and real life will work together.
physically different, but if only as presuppositions as said "bitcoin " is "digital gold" probably could be said to be so despite the fact if seen in the risk very much different. should not the gold price changes gradually, bitcoin is very dangerous because it can easily fly and dropped the price in a while or said to be volatile.
I totally agree with you cryptocurrency is like a digital gold. Both has their own advantages. Bitcoin is more potential to grow inthe future because to its price that increase very fast but it is more risky. Gold is also a good investment.
the conclusion you made is true. bitcoin is like gold, from the price and quality sectors is well calculated. this is what makes the bitcoin price increase, where there is a purchase and sale request just like a gold. although I am less understood with gold, but the principle is the same. and this is a good thing to invest.
It's a digital gold fix it. It is a currency that does not have to manage someone who maintains its own pace. So it has been compared to gold in gold color. This BTC is commonly used as a paper.
You can say that bitcoin is digital gold. The price of bitcoin is impressive like gold. In future bitcoin will be better than gold.
Yes bitcoin is top and better than gold in multiple time because it's value and development are higher and quicker when comparing to gold . So my opinion is also bitcoin also like a digital currency.
Once upon a time when there was no Internet no online business then peoples invest their money into gold to make profit. But nowadays peoples invest their money into crpto market and make a good profit. So you can say that bitcoins are digital gold.
You can say that bitcoin is digital gold. The price of bitcoin is impressive like gold. In future bitcoin will be better than gold.
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