Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Delgboke on November 19, 2018, 05:25:27 AM
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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.
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Some people compare Bitcoin with Gold, I don't think that because Bitcoin has no physical form and gold has it, both are very different, Bitcoin is an invention for online payment systems, because the supply of Bitcoin is limited and some people need Bitcoin.
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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.
Well I have an argument here also, How can Bitcoin be called gold? I know yes that Bitcoin has a greater value just like Gold, but Gold is physical and you can touch it, while bitcoin is digital which we only see soft/digital currency that we cannot touch. I only see it as a currency but not gold or sometimes they say diamond.
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We are on the digital era that almost of the thing has it virtual value society become cashless everything will be control over the end of the finger tips
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they call digital gold possible because crypto is also obtained by mining by solving certain algorithms that generate crypto coin rewards and they also have unshakable value with monetary policies in a country such as gold and diamonds
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It is probably just a representation. Bitcoin is like the backbone of cryptocurrency just as Gold is the "backbone" of fiat currencies.
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In my opinion is, the cryptocurrency is three years later, undoubtedly this field will become a world largest on-line business and this one will become a world largest and most fascinating investment methodology within the world. we all know the crypto features a nice future. it's plenty of new things and each day by day, folks are change of integrity this field. I hope, all the countries can approve the crypto and also the governments can place this field to the legal work class
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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.
Even it's will happen, not today or tomorrow, this took years.
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Yes Bitcoin is a digital gold.
It is a virtual decentralized currency. Just like gold can be mined, Bitcoin can also be mined.
And when you talk about return on investment .....gold and Bitcoin also has high return on investments.
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Bitcoin is a modern form of digital gold. It. ... until now, there is no official definition of what is cryptocurrency.Currently, bitcoin successfully performs the function of a means of accumulation, so it is often called digital gold.
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Due to its value people compare bitcoin as digital gold .First of all gold is get by mining as well as bitcoin also get by mining.Secondly Both of them have good returning benefits .
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Bitcoin is not a gold, not yet I mean. It is going to become a gold when all the bitcoins mined, then it can be named as digital gold.
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It is somewhat similar as it has a high value and they can both be earned by mining.
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for me bitcoin is digital gold because it has the same process as gold by mining like gold, therefore bitcoin is digital gold because bitcoin itself can be mined through hardware on a computer called mining bitcoin with your computer device
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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 think Bitcoin is a digital gold. It also digital currency. Bitcoin is more profitable than gold. It is my opinion.
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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 absolutely as we look of its value its more expensive than Gold so its equivalent or a digital gold as we thought of it. We must know that crypto-currency industry are still in its Infancy so it has room for more improvement and gaining of value.
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their aim is to turn bitcoin into digital gold, as fiat currencies are based on gold, crypto would be based on bitcoin as a store of value...
concerning the bank and approval problem you need to chill and stop looking at things on such a short timeframe... changing money reference on a global scale is not something to be done overnight... ok, on crypto things move fast, but we can't expect them to move that fast... dollar is the main global currency for many years, so there will obstacles, problems, regulations to defend it... but time and adoption will eventualy defeat the fiat
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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 think Bitcoin is better than gold, I agre If the people say bitcoin is digital gold. Bitcoin is also digital currency.
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I heard this also that bitcoin is a digital version of gold but i don't think that way, bitcoin is more expensive compare to gold maybe they compare it cause gold is expensive too but not too expensive like bitcoin.
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Maybe yes and no, but for now i don't consider bitcoin as a gold, because of the price , and and bitcoin is much more have a higher cost than gold, but gold can be accessories unlike bitcoin 8) 8) 8)
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Traditionally, gold was a safe haven where capital fell to hedge the risks of capital loss. In the conditions when gold falls in price. Big money looking for new assets to hedge. But in the conditions of the last long fall of Bitcoin, it is hardly relevant now to perceive it as a haven for capital.
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On the one hand, of course, we can say that bitcoin is digital gold, because bitcoin is the most expensive virtual currency, but for many bitcoin it is new technologies and capabilities.
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I think we can still consider Bitcoin as a digital gold because like gold the market value of Bitcoin is too expensive that we can compare aside from that both are very popular and wanted have by so many people world wide.
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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.
Gold has unsurpassed physical properties. Create an alternative to bitcoin today is not a problem. Moreover, this alternative would be technically to surpass the ancestor. Bitcoin is the first, but not unique. Therefore, I believe that you should not compare bitcoin with gold.
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It could be like that. Bitcoin can be called digital gold. Because the function is almost the same as gold. both a good investment place and both can be relied on for future investments. Therefore Bitcoin can be referred to as digital coins or gold.
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Bitcoin is digital money. Bitcoin is one of the best and most successful Cryptocurrency. If seen indeed Bitcoin is widely used for investment. it all functions the same as gold, almost the same, but what is clear is that it is very different from the shape and location of the mine. It's okay for the Bitcoin to be called Digital Gold, the most important thing is to be consistent in playing inside it.
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Gold and Bitcoin are two very different things, but regarding value Yes bitcoin can be called as Gold of cryptocurrency.
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Now you can just make sure that Bitcoin is not any digital gold. Gold is almost always stable in price and even has a tendency to increase due to the inflation of conventional currencies. Bitcoin is almost the exact opposite of gold, primarily because of its high price volatility. Those who have recently invested their money in Bitcoin, when it cost about $ 20,000, and now it has a price of just over $ 4,000, can confirm that Bitcoin is not a digital gold.
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Bitcoin is like digital gold because the price of this coin is very high and attracts people to invest. Bitcoin is a very valuable asset and many people get rich by buying and selling Bitcoin. Bitcoin has a very good future.
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Yes I believe Bitcoin is just like a digital Gold cause it is a good way of investment just like physical GOLD and it can also be mined. I believe no one will go in loss if they invest in Bitcoin or physical Gold. It's just a matter of patience
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Yes bitcoin is use as a digital Gold today, it is a de- risk asset, we have about 120 different exchanges who says that often the price of bitcoin changes from platform to platform.
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it is true that many people consider bitcoin to be digital gold, and I also strongly believe that bitcoin is digital gold, and it is very good for investment.
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Yes I think bitcoin is digital gold because it has the same process as gold by mining like gold, therefore bitcoin can be called digital gold because bitcoin itself can be mined through hardware on a computer called bitcoin mining. so bitcoin is more profitable than gold, that's in my opinion
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like seeing price increases, of course bitcoin has many advantages over gold. Bitcoin prices are very easy to move up and down quickly. while the price of gold is relatively very stable, but it takes years to feel the benefits of investing in gold. so according to me who is impatient and wants a short-term investment, bitcoin is the answer.
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The function of Bitcoin is indeed like digital gold, but in my opinion Bitcoin tends to function more like money than digital gold. Because indeed from the very beginning the goal of Bitcoin was as a good and potential digital currency. But I agree only if Bitcoin is referred to as digital gold.
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Many people compare bitcoin to gold and calls it digital gold. But i think bitcoin is not digital gold. It is digital currency.Price of gold is stable but bitcoin price is not stable. Gold is a thing otherwise bitcoin is digit in computer.
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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.
The only way is Fiat Coin by creating its own blockchain.
Suppose that Tether, trueUSD, bitUSD, Gemini Dollard and USD Coin, is the first step to continue supporting Bitcoin as the main originator of the Blockchain.
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I think Bitcoin is more than gold, because the supply of Bitcoin is only 21 million and circulating in the market is only around 16 million, and the supply cannot be added, and the needs of the world community who want to have this coin are very high, this Bitcoin is automatically very valuable assets compared to gold.
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I think bitcoin cannot be equated with gold. Gold has a real form even though buying and selling can be in digital form. But bitcoin itself is only limited to virtual payment tools with high security. So to be digital gold I feel different meaning
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I think Bitcoin can be said to be digital gold the reason is because bitcoin has an expensive price for now.If we have bitcoin of course we have hope to see the price of bitcoin rise,so when the price goes up we will sell it and we get profit and that's where it can be said that BTC is like precious gold.The price of bitcoin is now down so this is the right time to invest.
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Digital gold is how most crypto experts describe Bitcoin due to the similarities between actual gold and Bitcoin. The most important one is that they are both influenced by the principle of "supply and demand" thus with the limited supply of gold and Bitcoin, any increase in their demand will cause an increase in their market value and price.
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Bitcoin can be said to be digital gold the reason is because bitcoin has expensive prices at the moment. If we have bitcoin, of course we hope to see the price of bitcoin rise, so when the price rises, we will sell it and we get profit and from there it can be said that BTC is like precious gold. Bitcoin prices are now down so this is the right time to invest.
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Bitcoin is a digital gold and high value than metal gold. When bitcoin will more stable then it would be compared with diamond.
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Gold has a real form even though buying and selling can be in digital form. But bitcoin itself is only limited to virtual payment instruments with high security. So to be digital gold I feel a different meaning.
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Gold is gold both because of its rarity and its unique physical properties, the latter of which Bitcoin lacks for obvious reasons. I think comparing them is comparing apples and oranges.
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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 think Bitcoin is digital gold. Bitcoin will be more popular and needed at the coming future. I believe It will more stable and have great future.
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At it's current state Bitcoin is definitely more a commodity than a payment medium. Even though high commission problem is already solved, transaction jams still are a regular occurrence which make Bitcoin anything but a convenient and fast way to pay for your daily needs.
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Yes Bitcoin is a digital gold.
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Indeed, many banks and financial institutions hated cryptocurrency, because with the existence of this cryptocurrency, their services as third parties in transactions will be lost, because the method adapted by cryptocurrency is peer to peer (P2P), ie transactions without the use of third parties.
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To become digital gold I feel a different meaning. Community has a real form even though buying and selling can be in digital form. But bitcoin itself is only limited to virtual payment instruments with high security.
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Although gold is an excellent investment option for the purpose of accumulation, gold trading is less volatile, its market is much more liquid and highly regulated. In addition, gold is a traditional asset in investment portfolios.
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Bitcoin is a decentralized virtual currency but so many likened it to a digital gold .
You know it cannot be felt, so calling it digital gold is logically correct
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Bitcoin can not normally perform the function of digital gold because of its high price volatility. Where did the digital gold of Bitcoin of those who bought Bitcoin at the end of 2017 at a price of about $ 20,000 share?
If it is digital gold, then it should not so quickly and most importantly, fall so deeply in price. What is it then yes digital gold?
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Everyone knows that gold and bitcoin are physically different, functions, values , and uses. Maybe as a bitcoin investment tool more valuable than gold, but the fluctuating nature of bitcoin that should be considered by someone before investing.
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So many people seems to likened bitcoin to be digital gold.
I have never been able to understand the rationale behind that .
Bitcoin is what it is , a decentralized virtual currency and not any gold .
I may be wrong though.
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Bitcoin is just a virtual decentralized currency and not any digital gold
It is a currency and it's functions do differ from gold.
It is just what it is a virtual decentralized currency.
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Bitcoin is just a virtual decentralized currency and not any digital gold
It is a currency and it's functions do differ from gold.
It is just what it is a virtual decentralized currency.
This is just a comparison.Bitcoin must will start to compete with gold to become the world’s premier economic option and it will have good chances especially if investors start selling gold for the major crypto.
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I see Bitcoin as a digital gold because not everyone can effort it just like gold. The price of one bitcoin is in thousands of dollars though it is at its low value now.
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Bitcoin was created with that ambition but because of the price is too volatility so it can only replace silver now, for replacing gold it need to stable and well control in the price too
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Yes Bitcoin is a digital gold.
It is a virtual decentralized currency. Just like gold can be mined, Bitcoin can also be mined.
And when you talk about return on investment .....gold and Bitcoin also has high return on investments.
Although there is such thing called as DGC or Digital Gold Currency as better explained here (http://Digital gold currency (or DGC)), Bitcoin can never be a digital gold but simply a cryptocurrency designed to work as a medium of exchange the purpose of which it is to have a decentralized currency or a bank-free method used to transfer wealth or ownership of any other commodity without the need of a third party which is accepted throughout the world.
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The question is controversial, as its value can be compared with the precious metal, with gold, silver and even diamond, but so far Bitcoin has a price on the crypto market. All fiat money is tied to gold and bitcoin is not, and therefore its value is not fixed by anything, and it is not affected by the price of oil, gold, etc. In the future, probably, if states start recognizing Bitcoin as the official currency, Bitcoin will be controlled and may be tied to gold.
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if I think personally Bitcoin is digital gold bro. although the price is now always flat.. but I am very sure. there will definitely be a time when the price of bitcoin will rise again. the most important thing now that we have to do is. make every effort to make the world of bitcoin better
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Yes bitcoin is digital gold and assests because bitcoin just a digit and valuable same as gold so bitcoin is called digital gold.
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Bitcoin cannot be compared with digital gold primarily because of its high price volatility. If we are talking about gold, we primarily mean the relative price stability. How to explain to those who bought Bitcoin at the end of 2017 for about $ 19,000, where did their digital gold go?
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Yes, it is like gold in real life. Bitcoin is the gold and altcoins like silvers. We know very well if Bitcoin is like the main coin in crypto system. It controls the prices of other coins, when the price of Bitcoin moves, the prices of altcoins following it. Because of this value, people assume it like the gold.
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Most experts in crypto attribute Bitcoin as a digital gold. Of course, Bitcoin and real gold share some common features such as the ability of these assets to be influenced by the principle of supply and demand. Bitcoin and gold increase in value whenever their demand on the market increase.
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That's right, bitcoin is like digital gold waiting for other traders. Gold can also affect the prices of other items such as silver.
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Yes bitcoin is digital gold.
In recent years, comparisons of gold and cryptocurrencies, particularly Bitcoin, has been a growing trend.
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Currently Bitcoin has a much higher value than gold, and being totally decentralized and digital, it is very valuable for that feature ... but I do not think this means that Bitcoin will replace gold, since gold , will always have very, very faithful investors. :)
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Apple co-founder Steve Wozniak said that “only Bitcoin is pure digital gold” , reaffirming his belief in the cryptocurrency despite having sold most of his holdings. Speaking to CNBC at the ongoing Money20/20 conference in Amsterdam, the veteran developer said he “bought into” comments from Twitter CEO Jack Dorsey about Bitcoin becoming the “single currency” of both the internet and the world. Dorsey spoke at two events in March and May, where he predicted that Bitcoin would become the international currency of choice by 2028.
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In my perception, Its a yes for me because we have probably noticed when bitcoin decline its market the whole market turns into red. Which means bitcoin is considered as the underlying asset in the whole crypto- currencies.
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I do not think Bitcoin is digital gold, and I think it was originally conceived only as a means of making payments, in order to bypass the banks, and not compete with gold!
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My own point of view is because of the price of bitcoin is as high to that of gold., except that, i don't see anythings relating them. Gold is a natural material and bitcoin is an invention of man, meant for online transactions, which cannot be touched as a digital currency it is.
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I still believe that bitcoin is a digital gold because bitcoin just a simple digital symbol but value more than gold. So bitcoin consider to be digital gold.
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Despite the fact that there are several dozens of good Altcoins, I still think that Bitcoin will always remain number one, and no other can outperform it with capitalization. Nevertheless, his very small number of coins in circulation, only 21 million coins, is the first cryptocurrency that has appeared, with a lot of funds, banks and just rich people who own it, they will not let it fall below.
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As a matter of fact we are moving from physical to digital world , We all know Gold is an asset in physical world . So i believe when we come to our digital world bitcoin will represent the Gold .. so i truly believe Bitcoin is a digital Gold ..
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Yes bitcoin is a sustainable digital money because many countries people bitcoin as their daily purposes as they use their money.
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Many are of the belief that bitcoin is a digital gold , I cannot agree more with their assertions
Although bitcoin is a decentralized virtual currency, since it can not be felt ,we can safely assume it to be a digital gold.
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You can say it is a digital gold. Bitcoin is a special coin with many advantages and it is rather hard to get. It is a coin that all people want to collect it more and more. It is because of Bitcoin is the highest price and influences the prices of altcoins.
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everyone of as has it's own opinions regarding bitcoin,some disagree that bitcoin digital gold they asserting it because gold can't replace by only coins,but that's your own beliefs you can't force everyone to accept it. but for me having gold it's an assets likewise having bitcoin it's also an assets that represents gold it's a symbol . and sometimes the value of bitcoin more than gold
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really true and I also strongly agree with the opinions of those people that bitcoin is digital gold, and bitcoin is very good for long-term investment, and bitcoin is able to experience price increases faster than real gold.
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I do not consider Bitcoin to be digital gold because it, like the entire decentralized cryptocurrency, has a very high price volatility. Digital gold should have high reliability and stability. Gold always has relative price stability. Those who invested in Bitcoin at the end of 2017 can confirm that their digital gold in a few months turned into digital dust when Bitcoin fell in price from 20,000 to 6,000 dollars.
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In this all-computer era. Bitcoin as digital gold is equivalent in my opinion. Bitcoin as a long-term investment is very profitable for the holders.
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I agree if Bitcoin is a great coin for investment and the value is quite high but I don't think to say it is a digital gold. Gold is something that is a real one in real life. We cannot state the word "gold" for coins in digital investment.
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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 experts compare Bitcoin to gold and sometimes call it the Digital gold because they are both influenced by the principle of "Supply and Demand" and can function as a store of value. However, Bitcoin surpasses gold in its currency aspect. Gold are not usually used as a currency in the purchase of goods and services but Bitcoin can be used to buy items and other services in some online stores.
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Brother, I think Bitcoin is the real gold. Because Bitcoin's market is still not as bad. But the condition of Bitcoin will improve further.
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I think bitcoin is digital gold because it is limited in quantity.
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Digital gold is a currency mass until unit in gold for presentative a money in US A paper money exchangetable gold indemand.
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Gold is gold, and Bitcoin is crypto coin. I never think it will be the same, they have different field and value. Bitcoin tends to be a digital investment that has a volatile value. It also can decrease deeply, while gold seems to be more stable and tend to increase.
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Bitcoin is digital money that has no form. But its value can make people stunned. While gold is a tangible object that can also make people stunned because of its beautiful shape. So different bitcoin is different from gold.
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Yes but Bitcoin still too volatility and easily to manipulate on the market, it will become a purely digital gold when it’s not volatility anymore
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I think Bitcoin is a digital gold because Bitcoin is a most reliable coin and potential coin .btc is better known as a trading assets.also now bitcoin price is very low so now is the best time to invest.so we can get more profitable in the future.
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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.
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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.
Gold is such a precious metal as bitcoin is digital gold. bitcoin can be sent to any country. This method is very simple. It is helping to manage human life easily.
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I think Yes, bitcoin can be called a kind of gold, only in the crypto-world, which is gaining momentum for a couple of years
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Indeed, the bitcoin was initially invented as a digital store of value and also a payment option which makes it the digital gold. Many people considered bitcoin as the Gold 2.0 as the bitcoin is very secure, fully decentralized, and accessible worldwide with a very fast transaction speed.
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I can agree with your opinion a bit. Since Bitcoin price looks always going up and provide promising profits for investors, I think it functions a bit like digital gold. But it is not the same as the real gold at all.
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I think Bitcoin is the only asset that can be considered digital gold, we know that it is limited in quantity, like gold and soon these two assets will be fully mined
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Yes, btc is a digital gold. Because 1 bitcoin price many more USD. It's like to a gold. Hope it will reach daimond price...........wait for it...😃
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bitcoin now has came back and become to up trend, so i think bitcoin will get hight value in the end of this year
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Yes, btc is a digital gold. Because 1 bitcoin price many more USD. It's like to a gold. Hope it will reach daimond price...........wait for it...😃
Actually, it does not matter how you call it. Although I will never consider a virtual currency a physical metal, I agree that now, BTC is valuable.
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It's comparing apples and oranges. Gold is gold because of its rarity and actual physical properties. Bitcoin has nothing to do with that, although it is still quite valuable.
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in my opinion also like that that bitcoin is digital gold, but bitcoin has a potential price increase that is faster than gold and is very suitable for investment, and we can get a large profit from the price increase.
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I think bitcoin cannot be equated with gold. The development of bitcoin can be much faster than gold. According to me gold is only a long-term investment because we have excess bitcoin. And gold is more acceptable to many people.
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Today btc is digital gold and tomorrow something else will appear and it will be called gold. gold is one thing and they doubt that once it will lose its value and popularity. the value of btc is because it is the first cryptocurrency. because btc is so popular. we are constantly telling that btc is decentralized but if you look at how manipulating its price those who have concentrated most btc in their hands then there are doubts. I do not really like that
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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
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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
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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.
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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.
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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.
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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 :)
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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.
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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.
I agree it can be said as a digital coin, but I assume it because Bitcoin is the main coin, not because of the high value. As the main coin, Bitcoin will have a priority in crypto value. The value of Bitcoin will increase faster when the bullish signs come. And the Bitcoin value will be always better than others.
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I have read that Bitcoin is often referred to as digital gold but the first scarce digital asset has a long way to go before it even comes close to gold's total worth and widespread use as an investing store of value. ... I believe that bitcoin will become the store-of-value for our digital age.
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I could never view it as digital Gold because this comparison is apples and oranges to me. The two are much too different to compare them.
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Bitcoin is often called “digital gold,” pitched as an alternative to the real thing.But in reality, the,monetary policy” of gold looks nothing like the monetary policy of Bitcoin. Bitcoin has no market dynamic governing its supply. Rather, the supply of bitcoin is fixed, and will end at 21 million tokens.
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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 think Bitcoin is not digital gold. Bitcoin is bitcoin , It is digital currency. Bitcoin is not gold but more profitable than gold when You invest in bitcoin. I think when the bitcoin is rising again, We will get alot profit and higher than gold. I am not agree about bitcoin is digital gold
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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 think Bitcoin is not digital gold. Bitcoin is bitcoin , It is digital currency. Bitcoin is not gold but more profitable than gold when You invest in bitcoin. I think when the bitcoin is rising again, We will get alot profit and higher than gold. I am not agree about bitcoin is digital gold
My thoughts exactly, I could not have put it better.
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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 agree bitcoin is digital gold. Bitcoin is more profitable and valuable than gold. But Gold is more stable than bitcoin. Bitcoin is digital currency and high volatile. Maybe at the future bitcoin will be more stable. I hope it.
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I have read that Bitcoin is often referred to as digital gold but the first scarce digital asset has a long way to go before it even comes close to gold's total worth and widespread use as an investing store of value. ... I believe that bitcoin will become the store-of-value for our digital age.
For me, it seems very strange when someone compares things from the virtual world with physical stuff. No, I do not agree that Bitcoin is digital gold. It is the #1 currency for financial operations online and the best investment.
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In a Digital world, Bitcoin represent as a Digital gold but Bitcoin as digital asset has a long way to go before it even comes close to gold, it has so many issues that needs to be fixed and the high volatility that needs to be stable.
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They mean, gold is a universal value. You can use gold to trade goods anywhere in the world. However you may not be able to use fiat everywhere, but BTC is going close to what gold is right now. I believe BTC will be next gold. And check this out btw:
https://i.ytimg.com/vi/Wtzw-ydLKXk/maxresdefault.jpg
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They mean, gold is a universal value. You can use gold to trade goods anywhere in the world. However you may not be able to use fiat everywhere, but BTC is going close to what gold is right now.
Unfortunately, it seems not all countries will accept Bitcoin as the payment tool.
It is true that BTC can be transferred around the world since it is a digital coin. BTC is not like gold that has stability in value. The price of BTC is very volatile. It can rise high or drop very severe. From this side, I am not sure to call Bitcoin as gold.
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It seems to me that it is possible to compare Bitcoin and gold only in two situations. Firstly, both Bitcoin and gold have limited reserves. Secondly, no one will be able to buy something with the help of gold on the net or in a real store, as well as today with Bitcoin. But in the near future regarding Bitcoin, the situation can change drastically, because only after using Bitcoin as a means of payment, BTC can raise public interest in itself. But in this case, we need to understand that Bitcoin can stabilize in its pricing.
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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 agree bitcoin is digital gold. Bitcoin is more profitable and valuable than gold. But Gold is more stable than bitcoin. Bitcoin is digital currency and high volatile. Maybe at the future bitcoin will be more stable. I hope it.
Bitcoin will never be more stable in its price than it is now and you shouldn’t even hope for it.
Also, Bitcoin is not digital gold, since the main difference between gold and other financial assets is precisely the relatively stable preservation of value. People who invested in Bitcoin at the end of 2017, still do not know where did they go “digital gold” has shared.
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Its not a digital gold for me. It is a digital currency that will replace our old fiat money. And besides bitcoin are more often used as a payment while gold is use more or it is stored and people will wait to increase its value to sell it. However for me bitcoin will surpass the value of gold.
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Bitcoin can be compared with digital gold in some way but I don't think it's digital gold. Gold price is relatively stable - the thing you barely can find in bitcoin. Gold has real life usage in many fields, from mechanic to medical. Meanwhile, bitcoin can't even be widely used as a payment tool. Bitcoin, in a nutshell, is just a store of value.
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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.
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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.
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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.
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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.
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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)
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Bitcoin mining has nothing in common with gold mining except for the word being used for both processes though?
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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.
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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.
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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.
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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.
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Bitcoin can also be called virtual gold or digital gold. Just as gold glows in physical, bitcoin's brightness is present in digital currency.
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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.
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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.
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Those who find bitcoin to be a more valuable asset than gold, what are your reasons for it?
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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.