Is bitcoin a Digital Gold?

[mimikri]

You are right, bitcoin can indeed be called digital gold and is an investment to get profits in digital form. But bitcoin has a big risk, therefore we must be smart in investing.

I cannot agree with it. Gold has been always gaining traditionally, and it is something that is material. Bitcoin does not have these characteristics.

[alfatih99]

it's true and I think it's like that, that bitcoin is digital gold, and I really believe that in the future the price of bitcoin will soar.

[jozubounty]

Yes, I also think that bitcoin can be said to be digital gold, as a form of investment that is virtual, not real. But because in a virtual or digital form, we must be smart in storing and managing it because the risk of hacking may occur at any time.

[Alcor]

I don't think bitcoin can be called digital gold. Gold always symbolizes the relative price stability. In the example with Bitcoin, we do not see this. On the contrary, it is the most volatile financial asset and its highest price volatility does not allow us to consider it digital in gold.

[Doctor]

Of course,  The  agree with thats opinion,  Bitcoin is digital gold.  Bitcoin is the future currency.  It is very profitable  and will be more stable at the coming future.

[Fenix]

it's true and I think it's like that, that bitcoin is digital gold, and I really believe that in the future the price of bitcoin will soar.

Gold symbolizes not price growth, but price stability, coupled with moderate growth due to inflationary processes occurring with the usual currency. In this regard, Bitcoin does not have such functions. It is too volatile in price and therefore I would not call it digital gold. Gold can never fall in price by 70 percent, as it was with Bitcoin in the first half of last year.

[Confero]

After reading a lot articles 75% are saying that bitcoin is a Digital gold, but for me my aguirement is how bitcoin to solve the ristriction that bank and financial institutions presented that make people lose huge amount of money, how can this become a Digital Gold.

Many people say Bitcoin is digital gold because Bitcoin has a high investment value like Gold.  Even the potential value of Bitcoin is far better than Gold.  Even Bitcoin also has other advantages over Gold, which is that we can get more Bitcoin by trading it on the market.  The point is, many people who like Bitcoin are because this Bitcoin has a very high price.

[Bolasodok86]

yes it is true and I feel that bitcoin still exceeds gold in making a profit for investment, I strongly believe that bitcoin will increase in price even though it happens gradually.

[abdmuiz]

I myself do not agree if Bitcoin is said to be gold because Bitcoin has no physical proof to be more precise this is internet money that is currently popular for now but people have the opportunity to invest in it

[dekafee79]

After reading a lot articles 75% are saying that bitcoin is a Digital gold, but for me my aguirement is how bitcoin to solve the ristriction that bank and financial institutions presented that make people lose huge amount of money, how can this become a Digital Gold.

Yes I see many people say bitcoin is digital gold.  I agree with its opinion.  I think Bitcoin ia more profitable than  gold.  Bitcoin is more usable  and will be more popular at the coming future.  Bitcoin is digital currency and will be future currency. I believe It will happen soon mate

[Seerge]

Bitcoin can be said as digital gold because Bitcoin has a high investment value.  But even though they have the same investment value, Bitcoin and gold are different.  Bitcoin is a digital item and Gold is a real item, and for this reason many people do not believe in Bitcoin, especially those traditional people or people who are less updated on technological progress.

[Senin]

Bitcoin can be said as digital gold because Bitcoin has a high investment value.  But even though they have the same investment value, Bitcoin and gold are different.  Bitcoin is a digital item and Gold is a real item, and for this reason many people do not believe in Bitcoin, especially those traditional people or people who are less updated on technological progress.

The high investment value of Bitcoin is not yet a sign that it can be called digital gold. Gold is a relatively stable digital asset. Bitcoin in this regard represents the exact opposite, since it has a very high price volatility. Last year, Bitcoin dropped in its price by about 70 percent, from $ 20,000 to $ 6,000. Gold cannot do this.

[Alcor]

After reading a lot articles 75% are saying that bitcoin is a Digital gold, but for me my aguirement is how bitcoin to solve the ristriction that bank and financial institutions presented that make people lose huge amount of money, how can this become a Digital Gold.

I have always been an opponent to consider Bitcoin digital gold. Gold and Bitcoin are not only not similar to each other, but are almost the opposite. However, the main difference in this regard, I believe, is the relative stability of the price of gold and vice versa, high price volatility of Bitcoin. How can Bitcoin be considered digital gold, if tomorrow it can fall in price by 70 percent? Gold never behaves like this.

[moonuranus]

No it's not, gold is just more stable to be compared bitcoin which is really volatile, gold is regulated and bitcoin is not it is decentralize. So what is better? Bitcoin is the best

[Stavr1992]

On the one hand, bitcoin is digital gold, since its quantity is limited, and the less it remains, the more valuable it is. On the other hand, bitcoin is a tool for speculation and earnings. Everyone has his own opinion, but personally I tend to lean toward the first.