Bitcoin as digital gold

[Amr90 1064]

I think Bitcoin is the safe haven for crypto, so it is crypto gold. The great similarity in the names in terms of mining and safe havens has made many people liken Bitcoin to gold,
There is a difference that gold has no end in the ground, and daily gold mines are discovered, while Bitcoin is limited to 21 million pieces.
In general, Bitcoin competes with gold for the title of safe haven and the strongest, but it will not replace it, at least in the current era.

[chambers 58]

The qualification of Bitcoin as a digital gold is well deserved, the value is excellent and the fact that it's created through digital mining makes it even more intriguing. 

[BhenGhix 804]

There is doubt and an absolute doubt about this.

If you're really saying this because of the value of the Bitcoint then, a lot of coins here has an high value than the former and if it is about the population, then I'm sure the like of litecoin is to be considered first.

[Nupeboy 627]

Yes that is definitely true bit coin has become a gold because of its value and the way it is becoming very high in price and many people are investing their money to make profits 

[Maya20 1048]

 You are absolutely right, Bitcoin achieves a high rate of growth like gold, and I think that Bitcoin has a very big future in the world of cryptocurrencies. 

[Choudhary umer 0]

Yes my friend you said absolutely right in these days the Bitcoin is actually in the digital gold sometime before the gold is exist in his rear form and at this time the digital currency and Bitcoin take place on the gold in the market

[Jawad Nazeer 131]

Bitcoin price is very high and it might become important as gold. But it has some issues like its price fluctuate and not stable. If Bitcoin become stable than it will earn more fame and its value become increase so much. Than it will be as digital gold and having most value. Now it has its own value but after stabilization of its price it become more valuable.

[Sumon21 151]

Gold is found all over the world.  All the countries of the world accept gold. However, Bitcoin has not yet been adopted worldwide.  So we can't compare Bitcoin with Gold. However, it is true that Bitcoin is valuable and has a bright future. But it is not comparable with gold. 

[milyapsak0901 693]

I think it's not right to say digital gold to bitcoin. Yes gold is rare and that's why it's expensive but we can't know the total supply of the gold all we know is rare but we can know the total supply of the bitcoin. Many people investing bitcoin because people think it's more profitable than investing gold.

[yenniferamos14lsv 45]

Gold has been valued for centuries, as you explain, gold is something valuable in the eyes of people, besides that it is widespread in much of the world and that will continue to be the case for a long time, bitcoin is young, it is only 10 years old. And a little more, besides that bitcoin only has 21 million units, the time will come when all the bitcoin will be mined, we have already 17 million in circulation, on the other hand, gold is true that it is limited, but you do not know how much gold There, the earth provides us with that precious metal, I love bitcoin and I know that in recent years its price has increased on a large scale, but gold is the king of all.

[Mishi Lorana 717]

On 10/17/2019 at 9:17 PM, Handhy said:

Bitcoin as digital gold

Since centuries ago, gold has been seen as a high-value object by many groups of people in the world. It is important to know that gold itself has no value - gold is just a shiny stone. The value of gold comes from the fact (which is somewhat confusing) that everyone agrees that gold has a certain value, and therefore gold is considered valuable. The reason why people choose gold over other objects is important to understand - because gold has certain characteristics that make it a better store of value than other objects:

First, gold is rare. That is, the amount of gold is limited (there is only so much gold in the world - if it is too much then everyone can have it and gold will not have any value). Gold is also soft (gold can be melted and shaped into various small units such as coins, and more importantly when you change its shape into smaller units, it will not lose its value - unlike diamonds). Gold is also stable and does not experience degradation, is easy to recognize and difficult to imitate (made a fake imitation).

Bitcoin has all the same characteristics as gold. The number 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 that unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, just like 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, also impossible to make fake Bitcoin. In addition, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That is why people refer to Bitcoin as digital gold, but digital gold is better.

Bitcoin also has value as a payment system. The more people use Bitcoin for payments, the more valuable this payment system will be. Buying Bitcoin is like buying Visa shares, then using these shares to buy soda at 7-11. Because you pay with your Visa stock, the place to use Visa more and more, (payment system) Visa is increasingly widespread and more valuable, so that the value of Visa shares will become even more valuable (including the value of your own Visa shares!).

The value of Bitcoin comes from these gold-like characteristics, and also functions as a payment system such as Visa.

Bitcoin is like gold, but better.

According to my opinion Bitcoin is not a digital gold it is a digital diamond. Bitcoin is becoming the world's best coin or the worlds best currency. I hope it will lasts forever.

[koynayak 1923]

Personally i don't think bitcoin is a digital gold. Last couple years bitcoin value increased massively but gold is kind of stable and that price increase take every person attention  to bitcoin. People say it's digital gold but real gold is limited but we can't know the real suppy but we know the total supply of the bitcoin.

[Shebiii 203]

On 10/17/2019 at 9:17 PM, Handhy said:

First, gold is rare. That is, the amount of gold is limited (there is only so much gold in the world - if it is too much then everyone can have it and gold will not have any value). Gold is also soft (gold can be melted and shaped into various small units such as coins, and more importantly when you change its shape into smaller units, it will not lose its value - unlike diamonds). Gold is also stable and does not experience degradation, is easy to recognize and difficult to imitate (made a fake imitation).

Yes mate you are right. I am totally agreed with you. As you describe gold is limited in the world. It can be finished. But coins are not limited. It will never be finished. And one more thing that gold price is almost stable. But value of bitcoin is volatile. Which is increasing attraction.

[ADHIP 17]

It was a beautiful analogy or shall I say perfect analogy ?The value of gold is given by people so is the case with bitcoin,the digital gold.If suddenly one day every users decided to not value gold or not use gold for exchange ,its value will decrease.Also if one day every people starts giving the exchange of gold more importance its value will eventually increase.This is exactly the case with the digital gold bitcoin.The fact that it almost take no time at all to transfer bitcoin from sender to receiver make it even more user friendly and popular.

[Nersreem 279]

Bitcoin is the high rated crypto project, which have high market value and also more profitable than any other crypto. And is consider as the king of cryptocurrency. 

[Momo_064 1281]

We can compare bitcoin as a digital gold because bitcoin is the best currency in the crypto world and it has the highest price than all of the crypto currencies in the world of the crypto currency. Gold is the most precious metal and bitcoin is the most precious digital currency. So we can say that bitcoin is the digital gold. We can get much profits from the bitcoin trade like the gold trade. 

[Merry Cherry 670]

Bitcoin is having very high value and is increasing day by day thats why people are appreciating this forum. so then we can say bitcoin is the digital gold if we will use it as trading then for sure its very benficial for earning.

[Johnii 256]

Gold has a great value in practical life. And bitcoin is also like gold in digital currency because its value is increasing day by day. And bitcoin is also very beneficial for people when they earn great profit through it.

[Fatima Alre 766]

Gold and bitcoin are both investments that have drawn significant attention as safe-haven assets. They have some important differences, such as gold being a physical commodity and bitcoin being purely electronic. However, the two also have similarities. They are both speculative investments, in that their prices are not based on more basic fundamentals like revenue, earnings or interest payments. Before purchasing or speculating on either gold or bitcoin, investors can benefit significantly from conducting thorough due diligence. Plus, they should keep in mind that risk is inherent to investment, so they shouldn't invest any money they cannot afford to lose.

[Yuki 526]

Now you can add to all these features you mentioned that Bitcoin reached to the 1000G gold value and even passed it , and that makes it more special now but the only negative thing in BTC is the huge correction on it which makes its price drop hugely , anyway BTC growing not finished yet and expecting is to reach 100k $ this year which is almost 150% of 1000G gold value , so I see now it's a chance to buy Bitcoin instead of gold for those who want a huge profits

[RoyalHouse01 9]

there is difference between the gold and the cryptocurrency but the cryptocurrency is been used more than the gold now and the price of the bitcoin is even higher than the gold.

[Abrar1122 10]

actually the supply of gold is not limited but the supply of Bitcoin is limited because we have a fixed number of Bitcoin coins but the gold is still mine able and we do not know how much is left in the earth.

[Alexander002 91]

Bitcoin cannot be called gold yet. Because Bitcoin is not yet approved worldwide.Although it is very expensive, many countries deny it.When Bitcoin becomes universal, it can be called gold.

[kion 381]

Wow, you really made a good peace of writing here, and on a general ground, gold has been considered the most precious asset for many years, but with the invention of cryptocurrecy and BTC specifically, it has changed the narrative of mineral resources to the digital currency, now people prefer to have BTC to having gold.

[Froshk 1828]

Considering bitcoins as digital gold is actually a good idea, to make it even more appealing, bitcoin market cap is gradually approaching that of Gold