Bitcoin as digital gold

[Sehr 288]

I concur that the cryptocurrency is advanced gold, on the grounds that bitcoin is a coin with extraordinary worth, its worth is proportional to gold. So it's not off-base to state that cryptographic forms of money are advanced gold 

Let me include I think cryptocurrancy isn't computerized gold its precious stone

[Lunaa 238]

I wouldn't call bitcoin is a digital gold. But in a sense, bitcoin is indeed a digital investment, just like gold (which have form and there's also the digital gold as well), only it's digital that doesn't have any physical form. Both are good, if you learn about them and know what you're doing with your investment

[teminalibug 309]

19 minutes ago, baycu said:

If in my conclusion bitcoin is computerized cash, so bitcoin is exceptionally important, since that bitcoin is nearly went with by a kilogram of gold.  so bitcoin and gold are similarly important.

Gold is physical valued mineral, so i'm sure it always be more important than god.

[Amirul Islam 382]

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.

I don't think it's like gold. Because we can find more gold more land. But no can create more bitcoin or add any bitcoin on total supply. And it's price will always rise up for connecting People.

[Hendy1 370]

Yes now everyone can invest easily without having to have gold or quality property. As virtual currency investment is very easy to use and more profitable in the long term and short term. Most believe that bitcoin is a valuable currency besides gold.

[synchfran 3]

On 04.02.2020 at 13:34, subssi said:

Bitcoin can be a advanced coins and well worth extra than all cash, so Bitcoin is known as advanced gold, severa people name bitcoin computerized gold for the esteem of bitcoin will increment day by day.

I truely don't concur with the claim that bitcoin is like gold and I want to negate you. Bitcoin has no intrinsic value, we within the crypto world esteem it. Gold has an inborn esteem given to the traits and make use of of the steel.

[Maximumheight 119]

Yes! Just like you have explained, gold is very expensive because of the value it has. Bitcoin is also like to gold but in digital form because it is a store of value. Alot of people have invested in bitcon and convert most of their  Fiat to Bitcoin because of its appreciation overtime and its limited value. There is going to be only 21million Bitcoin supply.

[Muhammad Hamdan 697]

Well as you can see gold was the first kind of currency used by the people of world but in modren era of technology Bitcoin will soon turn to be digital Gold and countries economy will be benifited from it.

[Mursanna 211]

Unfortunately bitcoin is only seen if it has an expensive price, if the price of bitcoin drops to $ 10 surely no one will want to have it again. For me bitcoin can't be said like gold.

[Mom0 222]

No offence but I don't found any kind of relations between gold and Bitcoin and I think they are not meant to be e go with each other because gold is never going to catch up on Bitcoin as we all know Bitcoin is the most expensive and famous cryptocurrency among all other coins

[Fleur de Bleau 168]

Well,  your right because bitcoin can mine also but in computer using our GPUs.  And also we can store this and like investment.  We can also use this to pay service like (hotel booking,  airline booking,  buying in startbucks) bitcoin have many use. 

[Fadimah 191]

I love the conclusion. "Bitcoin is like Gold but better" you are really right.

Thanks for the useful information. It was a good read.

[fatima123 320]

It is due to huge demanding of gold even gold supply is not limited but scare but other hand we saw bitcoin supply is limited and now it can goes more high price then gold after 20 years. 

[Tasrif Hossain 271]

In my opinion one of the reasons Bitcoin has been compared to Mitford for a long time is that Bitcoin prices and demand are higher than stories, but its price is much higher than Gold, and in my opinion Bitcoin is called Gold and whose price and demand is higherIs growing

[Ahmeddominik 126]

6 hours ago, Basel098 said:

The analogy is so beautiful that we liken bitcoin to gold and mining sites in gold mines. The world of cryptocurrencies is the way to go through the twenty-first century.

Yes, digital currencies are the bright future, and I hope so

[Ahmeddominik 126]

19 minutes ago, Basel098 said:

Cryptocurrencies are the project of the future for this century

I like that

[duncun007 3577]

13 minutes ago, Cryptokhan said:

Yes Ofcourse and I'm believe in Crypto and it can give us more then gold profit but Gold is most valuable 

crypto has already given us more profits than gold and its only been around for 10 years, gold is more valuable because the public only buy gold.

[skbo 16]

okay the authenticity that requisite be standard at this time. And undeniably we canister reply like that. mainly after the USA and UK announced their laws a propos Bitcoin and altcoin it was acknowledged that Bitcoin was acknowledged an asset not a payment system.
 

[mani982 286]

Bitcoin is not a digital gold Bitcoin worth is more than as compared Gold.If we say that bitcoin is the future Digital Diamond  then this statement is truly right to say.

[Goody28 259]

On 10/17/2019 at 5:17 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.

I think you were trying to say that bitcoins is a good digital coin there's no way you can compare or assume that bitcoins is better than gold that's so impossible no way gold has more value in the world system than bitcoins

Edited February 5, 2020 by Goody28

[mehek380 333]

Yes,Bitcoin is a digital gold indeed. The price of it is going high and its really popular among all the people who are connected with the tech industry. It's very precious and people are working hard to earn it everyday and this hardwork makes it more precious.

[rianpedia 816]

On 10/18/2019 at 6:55 AM, Wrath said:

Bitcoin is digital coin, even worth the same if you look at one bitcoin to be equivalent to kilogram gold then their prices are not that far, people are invest more into bitcoin, soon it will be worth more the gold.

It might happen, but no one can guarantee it and many people don't believe it because of several reasons or factors

[Rickso 768]

On 10/17/2019 at 6:17 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.

of course gold is the best thing to compare to bitcoin but i really don't think that bitcoin is better than gold. both can be a store of value and both are good to do that. if we want to be honest, as for now, gold is safer that bitcoin if used like a store of value

[rianpedia 816]

On 10/18/2019 at 8:24 AM, Khan said:

May be Bitcoin is seen as a gold in future because it is currently very high in price as compared to Gold and the reason of BTC is not in good position is that it is not stable.

it can happen in the future, let's say welcome with a happy heart and follow its development and be active in the forum is one way to keep abreast of developments

[Xsimple 441]

Well some how we can called that in that way I think it is good than gold because we can sell it easily without any threat or big taxes unlike real gold.