Is bitcoin a Digital Gold?

[Marby]

in my opinion it can be interpreted that way. the value of bitcoin is so powerful that its value is not affordable by all investors whose capital is small. but bitcoin prices are not as stable as gold. and this is so special that bitcoin is sought after by many investors. its movements are very tempting.

[May]

personally I also think so. the difference is that the movement of bitcoin is so fast and scary. fast rising is also scary when going down. however, many traders like it. while gold tends to be slow in growth.

[Marby]

whatever the parable, I think bitcoin is the best investment I have ever known. I have never encountered an investment that benefits like bitcoin. Whether it's in investing in gold or other property. even if bitcoin is said to be digital gold, I feel legitimate.  remains the most profitable investment.

[Pififop]

Compare Bitcoin with gold can be.  Both are mined and have a return, it does not mean that Bitcoin is the same as gold, they are just similar, but they are not the same thing.

[Ylarana]

Compare Bitcoin with gold can be.  Both are mined and have a return, it does not mean that Bitcoin is the same as gold, they are just similar, but they are not the same thing.

I agree with you
but gold does not lose its value, because all difficulties and costs are taken into account
but bitcoin, electricity does not count and he is not supported by anything
vague electronic currency)

[mlawson71]

Bitcoin mining has nothing in common with gold mining except for the word being used for both processes though?

[Alcor]

Bitcoin mining has nothing in common with gold mining except for the word being used for both processes though?

Similarly, in fact, there is nothing in common between bitcoin and gold. Bitcoin is compared with gold purely symbolically, however, it is a completely different financial asset. Bitcoin is compared with gold due to the fact that it is also capable of performing the functions of a measure of value and the accumulation of value. However, gold in itself is of some value as a metal with very rare characteristics, and bitcoin is just an electronic program. However, the most important difference between them is that it has a very high price volatility, while gold is always relatively stable in its price, tending to increase due to the inevitable global monetary inflation.

[Octoalts]

Bitcoin is said to be Digital Gold because Bitcoin has an investment value as does Gold.  But in reality Bitcoin actually exceeds Real Gold.  The potential high prices that Bitcoin has is far better than Gold, Bitcoin movements and changes in prices that are very fast can make Bitcoin traders and Investors get faster and bigger profits.  If I may argue that Bitcoin exceeds digital gold, but Digital Diamond.

[Fenix]

To be digital gold, bitcoin must have price stability in gold. A cryptocurrency with very high price volatility cannot be considered as digital gold. The high current price of bitcoin may be temporary. No, bitcoin is not digital gold.

[Uina]

I think I prefer that Bitcoin be called as "Digital Gold" rather than reading things like Bitcoin will replace gold etc, etc since it won't happen ever in my opinion. The two were very different even though we can call it the same when it comes to being valuable in society. So yes, for me Bitcoin is digital gold.

[naitik01]

Bitcoin can also be called virtual gold or digital gold. Just as gold glows in physical, bitcoin's brightness is present in digital currency.

[aji678]

I think bitcoin is digital gold only a mere analogy. for me bitcoin is more than gold, even the most valuable asset i have at the moment.

[alltalk]

Bitcoin can also be called virtual gold or digital gold. Just as gold glows in physical, bitcoin's brightness is present in digital currency.

Not really sure about that. Gold should have quite stable value and no big decline for sure. While the Bitcoin price is very volatile and even can drop so drastically. Yeah, it rises significantly as well once the bullish is coming. But these characteristics of Bitcoin doesn't reflect a Gold.

[mlawson71]

Those who find bitcoin to be a more valuable asset than gold, what are your reasons for it?

[alltalk]

Those who find bitcoin to be a more valuable asset than gold, what are your reasons for it?

I guess they just think about the possibility of bullrun. If they buy Bitcoin today, holding it for months or years, then they can gain big profits once the price rises significantly in the bullrun phase. But it has big risks, the bullrun is something unpredictable and no specific time to happen.