Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: emma.lee1890 on October 19, 2018, 06:02:44 PM
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After reading a lot of posts made by people, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
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We can say that bitcoin is a digital gold the different between real gold and bitcoin is their value, bitcoin is continuous fluctuating because it was based on the demand and supply in the market but the real gold is continuous increasing its value and never fluctuates but both is good for long term investment.
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Bitcoins can be considered as a digital gold, a "value hoarding", but Bitcoin really can't replace gold. Historically, gold has shown a negative correlation with equities - thought that when stocks fall, gold goes up, and vice versa. Conversely, Bitcoin isn't only more volatile than stocks and gold. but also at unpredictable prices.
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After reading a lot of posts made by people, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
Bitcoin can be a digital gold, could be an assets, a currency for direct spending and can be an investments for both short and long term. In general, it will depend upon the users on how they will see fit for them the use of Bitcoin in which these are the unique characteristics of Bitcoin that it can be flexible to use by anyone.
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Bitcoin started to be considered or presumed digital gold merely because of two things, value and scarcity, just like gold.
Perhaps it was from this point of view that people started claiming that we have found a digital gold in this era. With bitcoin capped at 21 million using a mining technique to unearth it, people started thinking how similar it was with gold. And that concept was even pushed further more as the price of bitcoin surpassed any economical expectation and made it so valuable. It was nearly the same experience when people learned that gold was deemed valuable. Those who hold pieces of gold became rich instantly.
You are right that bitcoin is meant to be a piece of tech for payments, but should it prove to be a store of value then perhaps our era did stumble upon a digital gold.
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yes I agree we can still consider bitcoin as a digital gold and this is due it's so many advantages like high demands, popularity, high and the most expensive coin in the crypto currency market.
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Over the centuries, gold has been considered as an object of value by many different groups of people all over the world. It’s important to note that gold in itself has no value - it’s just a piece of shiny metal. Its value comes from the (somewhat perplexing) fact that everyone just agreed that it has value, and therefore it becomes valuable. The reason they chose gold versus other objects is important - gold has certain characteristics that make it a better ‘store of value’ (as it is commonly known) than other objects
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I don't know if bitcoin is a digital gold or not since no research that concludes bitcoin as a digital gold. But If people claim bitcoin as a digital gold, I think it is normal. Bitcoin has high price and become the king coin in cryptocurrency. In this case, I appreciate people saying bitcoin as a digital gold.
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I believe that bitcoin is considerable as a digital gold because of its amazing value. Many people wanted to have it because it can really change our life. If we speak about value or maybe prices I think there is a great reason that we can call it as digital gold becaue wit has an amazing value.
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As it turns out, Bitcoin has all of these same characteristics, and more. It has limited supply (only a specific amount of Bitcoin exists and will ever be produced). It can be made into smaller units without losing unit value (1 Bitcoin = 100,000,000 Satoshis - the smallest unit into which a Bitcoin can be broken down to, similar to the cents in a Dollar or pennies in a pound; this is also why one can buy less than one Bitcoin at a time). Its technology makes it very stable, it won’t degrade, and it’s impossible to counterfeit. On top of this, and unlike gold, you can move Bitcoin to any place on earth within minutes, no matter how big or small the amount. That’s why many people say that Bitcoin is not just digital gold, but a better version of gold.
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You should not excluded the essence of new generation. We are dealing with the world huge of technologies that makes almost everything reachable in split of seconds either in the world or in the space. Bitcoin can be considered as digital gold as we are now moving forward to digital time.
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If Bitcoin is Digital Gold then I make sure it's true.
But if Bitcoin is a True Digital currency too.
Both of these words are very synonymous with the symbol of Bitcoin which will provide the best financial solutions for the future.
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After reading a lot of posts made by people, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
Bitcoin can be a digital gold, could be an assets, a currency for direct spending and can be an investments for both short and long term. In general, it will depend upon the users on how they will see fit for them the use of Bitcoin in which these are the unique characteristics of Bitcoin that it can be flexible to use by anyone.
yes I agree with you that we can consider bitcoin as digital gold because of so many advantages
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bitcoin is only considered as digital gold instead of gold as the original, this is just a mention.
even if bitcoin is referred to as digital gold I agree with the mention of it because the solution that bitcoin provides has a positive impact on everyone.
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Bitcoin is practically digital gold, some say bitcoin is digital money. But what makes more sense is that Bitcoin is digital money. Because I never knew that there was digital gold, if there was digital gold maybe gold mines around the world would close and move to the digital world. what is actually called is that Bitcoin is a digital currency that we can use for transactions, that's the name of a currency in the form of digital money like Bitcoin.
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After reading a lot of posts made by people, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
No, I am not agree. I think Bitcoin is more profitable than gold. It is digital currency. It will be more valuable at the future.
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After reading a lot of posts made by people, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
Yes I think Bitcoin is digital gold. It is very potential and profitable to invest. It is the future currency. It will be more valuable at the future.
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maybe because bitcoin is a coin that has a very high price in crypto, so they call it the gold of cryptocurrency ..
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It couldn't be because gold is a broad and legit actual investment. Bitcoin is a digital currency but it cannot be a digital gold because gold is tangible while bitcoin is intangible.
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Bitcoin is often considered digital gold because bitcoin can be a store of wealth like gold. Apart from that, bitcoin has the pleasure of gold which can be broken down into the smallest part. But in my opinion, the bitcoin character is more unique. Because bitcoin is easier to move to all countries at a low cost.
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Bitcoin is indeed digital gold. But that is in my personal opinion. Bitcoin does indeed provide good advantages and also big profits and it exceeds real gold. Bitcoin is indeed a lot of features and functions the same as Gold. Bitcoin can be in Mining, Trading, and also Investment. It's all exactly the function of gold in the real world.
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I think bitcoin digital gold in reaffirming his belief in the cryptocurrency despite having sold most of his holdings. All the others tend to give up some of the aspects of bitcoin.
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in my opinion it is like that that bitcoin is digital gold, but I think it is still very profitable to invest in bitcoin rather than gold, because we know that increasing bitcoin is very fast increasing.
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Yes. If you read your topic, this is true. If it is seen that around 75% of Bitcoin users consider Bitcoin to be digital gold. And I also agree about that. Because Bitcoin is in the form of Digital and the price always goes up every year, it's the same as gold. I think this is a reasonable speculation.
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I think it's like that that bitcoin is like digital gold, and I really believe that bitcoin will be more valuable and even more than gold.
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I think it's like that that bitcoin is like digital gold, and I really believe that bitcoin will be more valuable and even more than gold.
Well i believe that the bitcoin is considerable as a digital gold based on its amazing prices or value that can change someone's life in one blink of an eye. If we have bitcoin todaybwe can also gain a huge amount of fiat money so bitcoin is really like a digital gold the only difference is the appearance.
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It depends on its usage because Bitcoin is very universal and it has been proven that Bitcoin is used for everything.
Suppose I use Nyan for investment and also use it to trade taking profits, but there are also those who make Bitcoin for gamblers.
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bitcoin is the highest value of other coins, maybe that's why bitcoin is often referred to as digital gold, maybe because of its very high value, like the value of gold that is very valuable
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that's really true bro. even I think bitcoin is better than gold. because every day gold is created while the bitcon is not bro. only has a limited amount. if many people invest in bitcoin the price will definitely rise high
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Bitcoin should really be referred to digital gold, it is expensive and unique.
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I think Bitcoin remains a digital currency even though many people think so, because it's clear Different between Gold and Bitcoin, Gold itself has a relatively stable price while for Bitcoin itself the price is always volatile and always changes every time
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After reading a lot of posts made by people, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
Yes , I agree Bitcoin is digital gold. It is also digital currency, good for investment and best payment system.
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Bitcoin has indeed become a terpopoler digital money in recent years. Indeed, today many people say that Bitcoin is a crypto currency or digital currency that also mentions digital gold. For me there is no problem Bitcoin is referred to as digital Gold, indeed its function is almost the same as gold, but more excess Bitcoin than Gold.
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I agree with you that bitcoin is a digital currency rather than digital gold because bitcoin cannot be influenced by a state policy and cannot be controlled unlike gold and in my opinion
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that's really true bro. even now many people are competing to collect as much bitcoin as possible. good to save their asset assets in the future. or short-term investments. because bitcoin is better than gold .
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I think Bitcoin is different from gold and people will know gold is more than Bitcoin. But what makes me think Bitcoin is different from gold is the Bitcoin digital currency so it is able to work with banks in various countries. And if you invest, you definitely have more profits.
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This is generally a bad comparison - bitcoin and gold. These are absolutely incomparable and dissimilar phenomena, between which practically nothing in common. First of all, gold has a stable price, and Bitcoin has no stability in price. Therefore, I do not think it would be right to talk about digital Bitcoin gold.
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After reading a lot of posts made by people, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
Yes I see. I agree about it. I think Bitcoin is digital gold. It is very profitable to invest and best payment system. It is more profitable than hold.
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Money encompasses all of the above, in addition to being a store of value. Store of value refers to the fact that an asset can maintain its value over time and this is usually attributed by its scarcity in the market. Gold is a great example of money as it has maintained its purchasing power over the decades.
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I think Bitcoin is different from gold and people will know gold is more than Bitcoin. But what makes me think Bitcoin is different from gold is the Bitcoin digital currency so it is able to work with banks in various countries. And if you invest, you definitely have more profits.
Yes it is true, each has advantages and disadvantages, gold is an important part of a country's identity, if the country has abundant gold reserves, the country will be respected. But if we talk about Bitcoin, what we know is digital gold, because the price of 1 bitcoin beats the price of gold. So I think both of them have differences and popularity of each.
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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 losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Cents in Dollars or pennies in Pounds, so we can buy less than one Bitcoin), Bitcoin technology is also stable and will not experience degradation, nor can it be made fake Bitcoin. In addition, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the number of Bitcoin. That's why people refer to Bitcoin as digital gold, but digital gold is better .
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I think Bitcoin is digital gold for the current generation, many people predict the price of Bitcoin will be very expensive in the future, so bitcoin deserves to be called digital gold. Because of that the price is expensive now on the forex market. I would rather invest in bitcoin than gold. Because it is more profitable quickly if prices rise.