Bitcoin as digital gold

[MrGox 880]

We can call BTC as digital gold. But in my opinion BTC is really more than that. Both of them are on the same way. 

[Syed Al Mamun 876]

Actually your total description is so nice, if I explore my opinion about it then I will say that it's now dimond of the world, because it Will be first currency of the world in future.

[Ghxst Dz 5]

i think Bitcoin is actually a digital gold but we shouldn't describe bitcoin like that because Bitcoin increases in value but the value of gold doesn't rise much like it.

[Maroua 1159]

People still love gold, but no one can keep it any longer because it has become very expensive and also has become a monopoly for a certain class only, but I don't think this will be the same for bitcoin.

[DokAgsikap 145]

2 minutes ago, Shinobi said:

Bitcoin is more valuable than the digital asset than we would believe than bitcoin would be the most valuable asset in the upcoming world or it would be most valuable one

They are not good for comparison since they are both in different categories, we must not compare them, what we need to is to have a balance on it for it will become a good investment.

[Amir Vao 341]

On 10/17/2019 at 10:17 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.

Gold is an asset. There is no usecase either investment or trading. But bitcoin is our digital currency. We can invest on it, trade with it, even we can complete payment through it.

[iloveyobit 6599]

People call Bitcoin really digital gold, and for me, it does fictional jobs and is better than gold only. This is only if it was adopted in the new global financial system.

[Thekingcallme 1975]

Yes, Bitcoin can be likened to being digital gold, but I see that it is better than gold in many features, as well as its price is more expensive than gold now.

[BrolySSJ 7899]

I am not if bitcoin is better than gold in my opinion. If you think about it the bitcoin market is dependent on supply and demand and this is why it fluctuates so much. In fact, although unlikely, it is possible that bitcoin can one day become obsolete in which case it woudl have no value at all. Te same is not true for gold though. If we look at gold, we can see that value goes up day by day and it does appreciate no matter what, and this is great for investment. Gold is much less risky than bitcoin in my opinion.

[pablomarwan 3082]

Yes, you are right for this bitcoin, which has this property, and since it is limited, such as gold, it is determined as a great value as well That is why it is prescribed as electrolytic gold because it is mined, and the less it is extracted, the higher its value. I understood the part of how it is now, thanks for this information

[BrolySSJ 7899]

bitcoin can be considered to be a digital gold because of its high value and the was that the value increases with time as the supply of new bitcoin is lowered but also we need to remember the difference between the two of them. Gold is a physical entity with a regulated price, thereby it will always have worth, Crypto on the other hand is much more risky and since it is decentralized we cannot be sure that it will always have value. As a result i think that this is very important to remember.

[Virgil dijk 1431]

For me I think bitcoin is more better than gold due to the fact that bitcoin it can be transferred to anywhere no matter the amount and its transaction is very fast , and also bitcoin can be used as a means of investment to derive income.

[Rezort 846]

In my opinion, there would be a time when everybody that slept on bitcoin would suddenly realize that this cryptocurrency has so much potential and would rise its price drastically.

[jamesvince 2389]

We known that from hundreds years only two precious metals are high valued one is gold and silver. And now online virtual currency that is bitcoin very popular among investors of crypto market. So try to understand btc has impacted on gold trading on forex market as well many investors now converted their money from gold to btc trading. 

[Brand1 1336]

What you say is true, we can consider the Bitcoin currency as gold or better than gold because it is the future and because its price is higher than the price of gold and began to get very popular in various parts of the world

[Irish 128]

On 10/18/2019 at 12:17 AM, 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.

They are comparing the bitcoins to a pot of gold because people considering you are rich if you have atleast 1 bitcoin and it is indeed impossible for an average person to earn that 1 bitcoin that's why its jist like a gold which is too much expensive to have.

[Zalaks007 543]

Yes bitcoin can be said as a digital in this present time but when it comes to worth, bitcoin is worth more than gold and its price always fluctuate. 

[Rahul11 292]

On 10/17/2019 at 10:17 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.

We can't say exactly similar bitcoin and digital gold. Because both of them have different purposes. Bitcoin is a virtual currecny and it has no physical object. But gold has physical object. But we can invest on both to generate profit.

[Jeet Narayan 1940]

Definitely, bitcoin is the digital gold. Bitcoin give proof , how it is powerful and decentralized system . Bitcoin gives high returns to it's investers . So bitcoin is compared as digital gold .

[Omar Ommeish 4872]

On 10/18/2019 at 5:09 AM, duncun007 said:

unless bitcoin start having mass adoption in countries around the world we cant really call it gold, its liquidity is still so low compared to other companies, but trust me guys once its adopted we  wont see these gains in crypto again..

Yes, you are right because all countries recognize gold and allow it to be bought, but not all countries allow Bitcoin to trade, so we cannot compare them at the present time.

[TimopheyKa 3900]

I fully agree with you, because bitcoin is really digital gold, which costs a lot of money, and also needs active turnover! And it is as expensive as bitcoin, and also changes its course!

[vynz 540]

On 10/18/2019 at 12:17 AM, 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.

Bitcoin has the highest value currency today and once you have even 1 BTC you will be proud because the value of it can even change your life if you're a middle class man so i definitely agree that BTC can compare to a piece of gold centuries ago its perfect description how BTC and crypto world can be a huge opportunity for everyone. 

[BTC Future 3946]

On 5/16/2020 at 10:17 AM, jamesvince said:

We known that from hundreds years only two precious metals are high valued one is gold and silver. And now online virtual currency that is bitcoin very popular among investors of crypto market. So try to understand btc has impacted on gold trading on forex market as well many investors now converted their money from gold to btc trading. 

This actually happened. Gold's price is considered by many to be too high at $1700. Production of gold has been increased a lot after 2010 and many goldbugs switched to Bitcoin when they saw the opportunity. Far more profits from Bitcoin right now.

[CryptoLover21 0]

Agreed my friend, Bitcoin is more than the gold in the digital world. We can't pay directly with the gold but we can make transaction with the bitcoin and from bitcoin we can earn more and more by trading but we can't do any thing from the gold.

[Moaz 7239]

You are right, there are many people who liken Bitcoin to gold and they call it digital gold because there are many similarities between them, but for me Bitcoin is better than gold because the price of Bitcoin is not fixed and thus you can make good profits if you buy bitcoin and keep it for a long time