Bitcoin as digital gold

[ram007 391]

well,bitcoin are also a good investment,as we can get profits there easily but having volatile value and don't have physical thing that we can hold,i don't think that it can be better on gold as gold can be keep and has physical value that you can hold.

[Calvinpriva 17296]

Sure thats true, and i think in 2023 maybe bitcoin can me more valuable and trusted than gold and thats its because, owning a room of gold is very risk but owning a 20btc wallet is more safe

[Brushless4500KV 4214]

5 hours ago, Maruf Alam said:

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.Bitcoin could be gold in the future because as the time goes by, bitcoin price will rised.Bitcoin is now more precious than gold. So this is now modern Diamond for us.Bitcoin is called digital gold, many people call bitcoin digital gold for the value of bitcoin will increase day by day.

Bitcoin is not a substitute for physical gold because it is unstable and rises and falls but the value of gold keeps rising slowly and never drops heavily. Bitcoin should be compared with other currencies not stable assets like houses and gold. BTC value doesn't increase daily, it goes up and down like a sin graph. However, in the long run, bitcoin can beat gold because it has sudden jumps in price and can overtake gold.

[Cryptotakl1 0]

Bitcoin is digital coin .even worth the same if you look at one bitcoin to be equivalent to kilogram .at the moment the market is very volatile for them .

[Kijin 3]

Yes, I think, Bitcoin is very likely, and its future is very bright, the currency is as stable as gold and gold. Bitcoin is one of these two different differences. And that's what I think is the key difference between Bitcoins. 

[MCSGlegend 2210]

29 minutes ago, Ngwa said:

 Bitcoin is totally better than gold. Tge price keeps increasing but the price of gold remains constant. Just that it should not fall cuz that will be very bad

In this regard, bitcoin is bad because its price can collapse at any time if someone has 30% of all bitcoins tomorrow, this will never happen for gold.

[khan22 3478]

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.

It is true that the Bitcoin is the digital gold becasue the BTC price is going to high so much in short time and peoples will know that in 2020 market will make a bull this time and we make good money in the market in short time.

[Ovis25 135]

As it appears Bitcoin is a gold to the eyes of men. Because in the earlier days, gold seems to be a big rush to men but as it implies Bitcoin is a big rush to men now. 

[Ovis25 135]

As it appears Bitcoin is a gold to the eyes of men. Because in the earlier days, gold seems to be a big rush to men but as it implies Bitcoin is a big rush to men now. 

[Md San 0]

i think bitcoin is a digital gold . because the btc market price is very high. it work like a golden coin . we can earn a huge profitt from bitcoin

[Mizan 96]

You are explain very easy bitcoin as a gold becouse of price. Bitcoin price now 10000$ still its going high. Why not we can considered as a gold . 

[Prince90 668]

Yes , bitcoins can be seen as gold. Almost every people make their savings in gold as their prices are too high and their prices are still going high. But where as bitcoins are also very popular nowadays and their prices are reaching sky. But the only fault of bitcoins is that they are not stable. It does not give you guaretee about its prices. Because its prices keep keep falling and rising. So it is very risky. Thats why i will choose gold for now but in future maybe bitcoins will be good option. 

[Christy 8]

Yea, it is inform of gold in disguise, when you invest, allow it to stay for a long period of time, you can make huge money from it.

[Merytis 21]

This is right how I view btc. I sense justified immediately however here is motionless luck btc canister operate to 0. where gold is established. I cogitate BTC will develop into this way but in provisos of currency we may well be by btc or about form of crypto in about 1000 being subsequently its harsh to around that it will composition sincere now. 

[Ayush Singh 1175]

Yes I totally agree with it that Bitcoin is a digital gold as we have seen the normal gold price is very high and so most of the peoples are not able to purchase it whereas traders of Bitcoin or investors of Bitcoin can think that they are investing in a digital gold as it gives huge profit to them.

[Rstunirk 151]

Gold was around for countless century, that is could you repeat that? makes it rare, if Bitcoin preserve be around for isolated it will plus be a uncommon currency.

 

[Renegade07 0]

I for myself prepare not be consistent with with the state that bitcoin is like gold and I mean to contradict you.
Bitcoin has no intrinsic value, we in the crypto earth assess it. Gold has an intrinsic importance particular to the characteristics and utilization of the metal. 

[abdul rind 12]

On 10/17/2019 at 12:17 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.

Nice information shared dear.👍

[avatarkiyoshi 270]

With high demands recently on Bitcoin, there's no surprise that Bitcoin become a digital gold or even better than gold. Besides the price is more precious than gold, Bitcoin had a future innovation in the ecosystem itself. So i can Bitcoin is better than gold and also have a high risk.

[Amir YT 202]

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 bitcoin is our digital gold. Gold and bitcoin always agianst one themselves. If one price go up another go down. Because crypto left and enter into gold. On ther side if gold users left they will enter into crypto.

[bentayebsalah 2280]

I see that Bitcoin is much better than gold, which is why we can describe it with digital diamonds because it is much more expensive than gold

[Ashkwik 122]

14 minutes ago, Billa said:

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 is digital coin people are invest more into bitcoin, soon it will be worth more then gold, bitcoin will be as gold in the digital form, you can move bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin, That's why people refer to bitcoin as digital gold.

[Samreen701 1]

On 11/27/2019 at 10:36 PM, Superred said:

Bitcoin might me can be called as digital gold or people can be called this is the evolution of gold that virtual asset worth called as gold too but please don't compare the age between both of them because obviously gold already exist since thousand years ago before bitcoin but although bitcoin age still 10 years old but the popularity of it can near to gold

Bitcoin is very huge coin so that is it seen as a gold in this future bitcoin is virtual money with a gold symbol bitcoin is a digital currency. 

[babaji 1228]

Bitcoin is better than gold, because of the ability to act as a genuine replacement for fiat currency. Gold couldnt replace fiat, or act as reserve, but bitcoin has the ability to act as a reserve as well as active currency. Bitcoin is just better in every sense of the word.

[Nilema 16]

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