Bitcoin as digital gold

[Jack764 1841]

The idea of mining a digital currency itself came from gold exploration and this is what made its value rise dramatically, as most currencies that are without limits fail

[Lokeloke 576]

On 10/17/2019 at 5:17 PM, Handhy said:

. 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.

This point here is one of the reason I like cryptocurrency and I'm trading with it, because being able to send funds from one country to another without problem and you can't even send your fiat like that to other bank

[Malikjnb 1235]

I think your post is very useful and informative. In my opinion in future bitcoin use as a digital gold. In future everyone use the bitcoin for storing and shopping. Now many countries use this as a online currency. I use bitcoin . I invest in bitcoin and hold it .

Edited January 24, 2021 by Malikjnb

[Iram123 279]

In my point of view, the Gold is better to bitcoin because bitcoin price is not fixed it is up and down and gold is good for holding, and my friend thanks for sharing this post..

[Cleaner 2549]

20 hours ago, Obliv0n said:

Bitcoin can be understood as digital gold, due to the potential it has as a reserve value, however the term is also used with the purpose that the concept related to bitcoin is more digestible for the masses, since it is easier to explain it based on gold than in the crypto environment.

We can call Bitcoin digital gold because it is very expensive.  The price of Bitcoin has increased a lot compared to the last few years.  Its price has surpassed the price of gold.  However, with Bitcoin now you can make a lot of profit by investing and trading

[Dorjoy12 8962]

1 hour ago, Cleaner said:

We can call Bitcoin digital gold because it is very expensive.  The price of Bitcoin has increased a lot compared to the last few years.  Its price has surpassed the price of gold.  However, with Bitcoin now you can make a lot of profit by investing and trading

Bitcoin is more than gold in some point but gold always  best because gold  price  wont volatile  like bitcoin price  so that bitcoin investor always  have a risk to lose funds but gold investor has no Tension ..  Also old generation  people always  like to invest on gold than btc.. 

[Arman999 96]

I think that in the future bitcoin will bypass gold, Bitcoin is called digital gold, many people call bitcoin digital gold for the value of bitcoin will increase day by day, bitcoin is more than digital gold. the price is very high of btc then gold. we can buy these coins and hold them like gold because they really have the same price as real gold.

[Adrian Atiencio 156]

It is clear that bitcoin is not a commodity or anything like that, but we must also take into account the adoption that many countries have had with it. The issue with bitcoin is that it is an extremely volatile cryptocurrency, despite the positive features that bitcoin has, it is still a very complicated cryptocurrency to hold.

[Cleaner 2549]

20 minutes ago, Dorjoy12 said:

Also old generation  people always  like to invest on gold than btc

Older people are always looking for something safe, because they don't want to take risks. But the crypto world is young, so most young people work here.  And investing in gold and bitcoin can be profitable.  However, investing with gold will not be risky, but investing with bitcoin will be risky

[Dorjoy12 8962]

1 hour ago, Cleaner said:

Older people are always looking for something safe, because they don't want to take risks. But the crypto world is young, so most young people work here.  And investing in gold and bitcoin can be profitable.  However, investing with gold will not be risky, but investing with bitcoin will be risky

Not for young but for smart generation  like who is well educated about computer  and digital money transfer system ..  You can see many big investor who is old but invest  their huge amount of money  into crypto project  with proper research ..  Look to micro strategy  company ceo.. 

[Cleaner 2549]

13 minutes ago, Dorjoy12 said:

You can see many big investor who is old but invest  their huge amount of money  into crypto project  with proper research ..  Look to micro strategy  company ceo

I have seen that some investors and crypto project entrepreneurs are older.  However, at present there are more than  young crypto users.  Now the big industrialists and companies are leaning towards the crypto world.  The crypto world is very lucrative but everyone here needs experience.

[Linclon4 541]

Yes it is true that bitcoin is a digital gold. Because bitcoin is one of the most expensive cryptocurrency. The price of bitcoin is also increasing day by day. That's why we can compare bitcoin with gold easily. 

[Khanak123 177]

Apparently not, due to the fact there had been new initiatives created and they're equal to the charge of gold. So we can purchase those cash and preserve them like gold because they in reality have the equal charge as actual gold.

[Whizdon 441]

This comparison has been made so many times on bitcointalk that it makes my head spin, and it's an unnecessary conversation to have.  The two things are completely different and will always be.

[abd1992 960]

On 10/17/2019 at 7:17 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.

Indeed, we can say that Bitcoin is really similar to gold, that many things are really similar between gold and the two Bitcoins that require miners for the foundations.

[yulitzacalvete 1366]

They call BTC Digital gold and it really must be affirmed despite having many differences but I know that BTC has achieved great things and there is still a long way to go for BTC to continue on its way, from its birth until now it has saved many people's lives unemployed who were even desperate because they had no way to survive.

[Oki 675]

Gold and Bitcoin have the same characteristics that many think that Bitcoin is digital gold. What distinguishes it is the physicality of the two value stores and each has its advantages and disadvantages. Gold is difficult to use as a place for transactions because we should not carry gold or store gold at home because it is dangerous. Although Bitcoin is very easy to transact and easy to store, its drawbacks are not physical and depend on the internet network. So in my opinion both have their advantages and disadvantages.

[Farsa fat 328]

Wow that great name you take to bitcoins, this is fit according to the bitcoins demand. The bitcoins demand increase day by day and more investor invest in digital gold and hold the digital gold for long term profit purpose.Digital Gold is good name and perfect for Bitcoins.

[Faska fas 307]

To me I think bitcoin is even better than gold because gold takes a lot of time to grow while the other coins in crypto could do the same growth in like a week or so.

[Yad hair 358]

Bitcoin is an online digital currency, even Bitcoin is equivalent to kilograms of gold but their prices are not very high, people invest more in Bitcoin, soon it will be worth more gold. Bitcoin prices are rising day by day

[Jacky clark 368]

We can say bitcoin is digital gold because btc is an asset like gold and we can earn profit from holding of btc and gold. If crypto would be regulated then btc would be used as price determinant of other coins like gold is used to determine the value of fiat currencies

[Robert William 590]

Bitcoin $BTC is often referred to as "digital gold" as an alternative to the real thing. The maxim is indeed valid in 2019 because the two tools have operated exactly the same over the last 30 days. Online properties, listed by market capitalization

[Garion hirao 550]

Bitcoins is the new generation gold for me and some other users as of today if you have a lit of bitcoins you are wealthy specially if its bullish.but of course gold is gold that can touch and bitcoins is digital currency that cannot touch

[Wane Rastuar 583]

Of course Bitcoin is like modern gold because there is a lot of demand and value in the global market like gold, there is a lot of demand and a lot of value in the Bitcoin market.That's why Bitcoin is called modern gold

[Idaho Bruk 573]

I agree that the cryptocurrency is digital gold, because bitcoin is a coin with great value, its value is equivalent to gold. So it's not wrong to say that cryptocurrencies are digital gold