Bitcoin as digital gold

[thiscomm 306]

On 10/17/2019 at 11:17 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.

It is true. bitcoin is gold for crypto world users because bitcoin is the highest price holder at the moment, although the price is not as stable as gold in the real world. bitcoin can also be used as an investment object such as gold it's just the drawback we can not hold the object because it is virtual and vulnerable to hacking.

[Post Malone's 33]

On 10/18/2019 at 12:17 AM, Handhy said:

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.

Yes,  Bitcoin is like Gold but much bettet to Gold.  

Because we can mine bitcoin thru PC - we don't need man power, 

 

Bitcoin is good because we can earn more profit here while we holding. 

[Eminoko 15]

Bitcoin works like gold. It is the best. It is more better than gold if you get how it works rightly. There are more success in bitcoin. 

[Sohail801 4]

Yes we can consider Bitcoin as a digital gold but in real Bitcoin and gold are completely different things because we cannot guarantee the value of Bitcoin because it is continuously up and down according to the market. but the ratio of up and down in the value of gold is not same as of Bitcoin so they have great difference.

[Captain Karim 0]

The first investors in bitcoin are now rich because of its unbelievable rise in 10 years and bitcoin really represents digital gold and many investors trust it and find it valuable.

[BTC Future 3946]

To be honest I don't think that Bitcoin can actually be called "store of value". In the Bitcoin community some people are ususally making extreme claims. Especially after 2017 when it was obvious that scalling was a huge problem. Gold is considered a "store of value" because of the traits it preserves for thousands of years. It never failed to be considered the most valuable asset. Bitcoin has a decentralized network but the 1% of the holders own 90% of the circulation. This is not actually good numbers to consider.

[luisecastillor 9]

Possibly yes, bitcoin is undoubtedly the most valuable digital currency in the world and I think it will be for a long time since its price although it is not stable will continue to rise in the future

[Efs 164]

The money of antimatter is more like anti-money than the carpet, rather than similar to bitcoin gold. Bitcoin is out of the definition of money, which has not been on the borders of humanity for centuries.

[Balimovic 7]

Bitcoin is a digital coin of high value since last decades many organisations have attached value to the coin for online virtual transaction

[kalimoxo81 15]

there is going to be a time that will be more precious than gold, bitcoin is finite, there is only a certain amount, gold although there is also a small amount, it is not really known how much there is, instead you know that BTC there is only 21 million the longer you spend the more expensive it will be.

[Arvind Arvy 43]

I agree this statement , because bitcoins the only digital currency which is equal to gold , bitcoins are the king of digital currency and also gold is the highest metel in the world may be dimond is costly but God is so great 

[Mohstapha 16]

Bitcoin is advanced coin, even worth the equivalent on the off chance that you take a gander at one bitcoin to be equal to kilogram gold, at that point their costs are not so far, individuals are put more into bitcoin, soon it will be worth more the gold.

[NAFIS287 353]

Nowadays gold have no value..

But nowadays Bitcoin is the best valuable asset.

Some people name Bitcoin as Bitcoin is digital gold.

But Bitcoin more expensive then gold..

So you can call Bitcoin is a gold

[duncun007 3577]

On 2/5/2020 at 9:29 AM, foxman said:

the btc and the other altcoin is the best way to make a moeny in t to get in the profit from it and it very best to make  a  money in it 

it is easy to make money if you know what you are doing but most of the time people get lost and they just want to get rich fast thinking bitcoin will suddenly do 3x in one week.

[Damakwano 0]

if not bitcoin start having collection adoption in countries around the globe we cant exceedingly call out it gold, its liquidity is however hence short compared to other companies, but expectation me guys a long time ago its adopted we  wont understand these gains in crypto again..
 

[Sayma11 16]

Bitcoin is a digital currency.  At present it is comparable to gold because the price of bitcoin is very high.  Currently there are many sites and many platforms where Bitcoin can be earned.  Gold is a one-time purchase, and it has to be sold at a loss.  In my opinion, Bitcoin as digital gold.

[Ammer12 2]

Yes it can be said that Crypto is the modern gold. Crypto is the gem for nowadays. Crypto has given us an opportunity to earn money in extremely short time and in less effort. Crypto is the best way of earning money for young boys.

[Ridam 7455]

Yes bro you can take Bitcoin as digital gold whose price fluctuates more than Gold. In Gold we have to wait for long time for price increase or decrease but in Bitcoicoin we can earn profit in short time. As it is the greatest invention of humans.

[Abiaan 1209]

price of gold and cryptocurrency works in the same way , if more gold is mined then its price will decreased if merchants sells it in huge weight same way if more crypto is mined by miner and sells it then sells it then price will fall in gold too

[Shaza Ahmad 1682]

Bitcoin was considered the most profitable investment in history, this price jump from $ 0.01 to $ 20,000 was a rocket jump. Many investors trust bitcoin and consider it digital gold.

[nickoman987 1040]

Most likely it is, bitcoin is really like digital gold, there is even a book about the cryptocurrency "Digital Gold". The price of bitcoin is very high, as is the price of gold. They can be compared at least because of the price. Previously, all exchanges were for gold, but soon everything will be for bitcoin.

[Portaquadri 4]

Bitcoin is digital coin, unchanging appeal the unchanged if you peep at one bitcoin to be opposite number to kilogram gold at that moment their prices are not that far, persons are invest supplementary into bitcoin, presently it will be importance other the gold.

[Iqrashafique 23]

May be you are right dear but bitcoin never be same as a gold because every female wants to wear gold and she can never wear bitcoin besides her desire, and the bitcoin can be vanish from this world but the gold can't so there is a huge difference between both of these.

[sohan78980 1]

Can't tell but its liquidity is quieter than other companies, but we won't take it as soon as we do.

[jekich.chan 1439]

Most likely it is. Gold has existed for a very long time in our world. Previously, they bought everything for him. Now they will start buying everything for bitkonin. There is even such a book, Digital Gold. It explains why bitcoin is digital gold.