Bitcoin Forum

Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.

Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.

Here's a teaser:

Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?

Here are just a few important details that we need to know first:

- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?  
- What tastes and preferences does Alice have/what prejudices her in certain ways?


We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.

The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit  ;D

It's not gold, but it will be more goldy than gold.  ;D

It's a temporary store of value and a speculative asset.

I don't think it can be called a true store of value unless it maintains 4 digits for 4 years or something because after the 2013 4 digit slam down to 200-300 usd I think anyone who sees it as a true store of value is clueless.


Yes, Bitcoin is relatively stable due to market interest but longterm is a continual unknown.

Bitcoin is the currency of the future is very open and dynamic, the transaction is very easy and fast

Without a level of utility value, bitcoin cannot be a store of value.

It is an value storage token that has got the similarities of digital gold. One thing that makes it better than the digital gold or digital cash is it's evolution within the system or technology unlike the commodity value. The value has now getting closer to gold and soon it would cross it growing big.

It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. I use it as a store of value, where my main motive is to keep a large portion of my wealth outside the banking and governmental system. At the same time, the volatile nature of Bitcoin lends itself perfectly for investment/trading purposes, which is also what I am using Bitcoin for. For me the right term is indeed digital Gold.

It is interesting how the marketing has changed over the years. It seems it wasn't that long ago that it was trumpeted as both gold and digital cash. With the scaling debate and fee increases though the digital cash angle has taken a backseat to the digital gold narrative. And in fairness it was originally conceived as "bit gold" so maybe this is the inevitable end point of any crypto asset; it eventually runs into scaling problems and then relies on some additional layer to create the cash part.

Well, you can't sell it as both. There's only one way: digital gold. Big blocks kill the digital gold feature, which kill the digital cash feature too (you can have digital cash when digital gold is not an option), since big blocks centralize the network.

With conservative blocks, you can get digital gold, and you can build on top a second layer, which is debatable if it would be considered digital cash or not, but it's definitely more private than traditional payment systems and fiat currencies.

Digital settlement and reserve currency.

Payment system. Yes. Store of value. Sure. It can and has many functions.

Moreover what i am seeing concern about bitcoin is a future currency that is coming up to dominate others.
So it is a future currency as we are seeing every thing clear.
I don't think that there any currency in comparison with bitcoin now.

Bitcoin is a symbol of the power of technology, the power of digital, as far as I know, 1M BTC has the power of 500 supercomputers working together. A terrible power. That's why bitcoins are popular. And bitcoin can really compete with gold, not long ago, it has overtaken gold, even for a short time, but enough to show its mighty power.

I see it to be both digital gold and  digital cash but to me it means digital cash

simply because am not the hodler type of user and its more of digital cash for me as i get to use it for most of my daily necessities

Dear all''
I think BTC is digital cash because at times, buy some think with money, not exchange!
 ;D ;D ;D

More than 80% of Bitcoin users are not computer code literate - in my opinion, this is the main issue when it comes to mainstream adoption of digital assets.

Non code literate market participants are not being catered to in any direct or meaningful way.

This could cause serious problems in the future is left un-addressed

It is a digital currency, or can be called as digital cash, that was the main purpose of bitcoin created, to make global transaction easier and more efficient without the need of changing the value of different fiat, however because of bitcoin is valuable and the amount is limited people used this opportunity to create more profit by making them "more wanted" by keep bitcoin as investment and sell it when the price is right, so bitcoin can become digital gold for investment or digital cash for transaction

To some extent Bitcoin needs to be both.  I think that it was only a payment system due to the influx of new money and the high supply of new Bitcoin in the early days.  As time goes on, Bitcoin will require more and more money to be put in for it to be practical, but it will still be practical if you do put that much money in and people will do it so it'll be more like gold.

To some extent, Bitcoin needs the element of digital currency in order to act like gold, because people still need to pass gold between different parties.  Online wallets should be viewed like Goldmoney or something that holds your gold for you because you don't feel like you can handle it yourself.

If you ask a early adopter, you mostly get the answer " Digital Gold " .... but many people hold firm that Bitcoin is supposed to be

a alternative for cash, or a Peer-to-Peer Electronic Cash System. I use both the currency token and also the store of value

feature, because you can do both.  8)

i think bitcoin have both function which is a store of value and a payment system because when we don't want to spend our bitcoin, then we can store it in our wallet and the other side, we can spend it for replace existing payment system that we know in internet. now maybe bitcoin is can not be like gold but in future if bitcoin is raise the new people and the system of bitcoin and blockchain is more effective than now, i think bitcoin will become digital gold and digital cash.

I see bitcoin more as cash than as gold. Well, I can use bitcoin as a transaction tool, so I say that bitcoin is money in internet, not gold from internet. It looks good if we see bitcoin as money, because the profit becomes bigger.

For me its both, soon using bitcoin in bills and other payments will conceptualize bitcoin as cash and the possibility of profit just by saving bitcoin only means it can be slightly considered as gold. Bitcoin has the same features as cash and gold it just don't have enough power to gain control and be considered as global currency, and the features of bitcoin is somehow questionable because of the anonymous transactions, I mean it can be used in many illegal ways.

for me it's both too that Store of value because if i store my bitcoin and hold for long term it will more valuable than now and Payment system because bitcoin can use for buying several needs just like traditional currency and bitcoin is not gold but in the future it will more shiny than gold

Bitcoin is a digital cash and not to compares from gold because it's totally different due to gold is a mineral type and bitcoin is money which could be used to transact payments online and it's a unique type of currency. Gold is not a currency and it's just a form of material having precious value and established to be having a price which is sold to the consumers and most people liked to use it as jewelry and collection as well as investments. Digital cash from bitcoin is profitable and can be used for daily living which is for our spending.

As Ive see bitcoin be serves as gold and cash because  for giving fast transactions all the way. It is served bitcoin as digital currency that may use by anyone. Giving a long term investment because of its price is increasing thats why it can serves a bitcoin digital gold.

In my opinion bitcoin is an assets for me which but I could also says its money because I can convert it into a real cash. Moreover, as we going to look at it it is actually used as online payment or electronically used in online business mode of payment. Meaning, Bitcoin is not like a gold. ;)

it's a speculative asset.

it's definitely not usable like cash any more considering the fees. you'd also have to be excessively confident to treat it as a serious store of value. both purposes might come in time but not any time soon.

Bitcoin is a digital platinum, not a gold or silver. It's not a digital cash since you cannot cash your bitcoin out.

There are only two options and you will only pick either digital gold or digital cash and digital playinum is not one of them. About cashing out, yes,bitcoin can't be cash out literally, but it can be comverted to fiat so the user can still use it. But it says digital, cashing out a digital currency is absurd. That is why they are converting it. For me it is a digital gold because, mostly they use it as an asset, most of the users save bitckin and use it when the price is good.

Yes your comment is true, yet I just see it as Platinum not Gold. That's all :)

I agree with you, I consider bitcoin like a digital gold. because i think it's a very good investment when we talk to hold it, so most of the users save bitcoin and use it when the price is good like you said. include me, I saving about 60-70% of my monthly income, and use the rest  to buying things or maybe to convert it into fiat.

It is like gold - both. Remember, there was a time when people payed with gold coins. And they also could storage it. And it could be mined. Maybe its even better than gold.

it's true bitcoin more suitable called digital gold and bitcoin can be used as an investment just like gold. in ancient times gold was used as a means of payment same as bitcoin now. for polls I chose it depend because on the user bitcoin itself what to make.

I chose both because for me, Bitcoin has the characteristics of both cash and Gold. It can be used on remittances and can also be use to buy something in some online shops that accept Bitcoin as a payment. It also has the characteristic of a Gold that its value sometimes increases and sometimes decreases depending on its market.

I voted that Bitcoin represents both digital gold and digital cash, and it's relatively easy to see why I would vote for that (and why a lot of other people also voted for that option). Bitcoin is valuable, it is rare and will likely retain value for a long time, like what you would expect from gold, while it can also be used relatively efficiently through the blockchain network that has been developed and, relatively, a lot of vendors do accept Bitcoin, making Bitcoin similar to a digital cash.

For me bitcoin is a dynamic store of value and an asset to invest. For me bitcoin can fetch a much higher return than any other asset present in the market as on today. I invest in bitcoin because I know and I believe in its potential. Gold is also an asset but it's a physical asset. Gold has many other uses than just an investment. So I really don't want to keep gold and bitcoin in the same position.

Rather, I will say bitcoin is a digital asset with far more potential than gold to perform better than any other asset class. So it is a store of value with dynamic pricing and higher potential. Let me put it that way.

For me, bitcoin is more like digital gold. It is heavily mined, its stock is limited, its value is constantly growing. Everything is like gold.

to me i think it can be use as physical cash, we can see that bitcoin s already using as online cash for online shopping in most of online shops, wile in some places it is even usable in offline shops for shopping, so i will like to say that bitcoin is an online cash which can be use for both line as well as offline shopping.

I agree with you..Btc can be used to buy products cause its also a digital currency...

Bitcoin is created to be a digital currency and use as payment method but it seems people also acknowledge Bitcoin as store of value, meaning it can be a digital gold. With these, I can say Bitcoin is both digital cash and digital gold since the feature Bitcoin both covers the function of this two option.

it has both the property fo digital cash, but also a store of value, because digital cash would not have any store of value, all the fiat currency are the worst thing to hold for a long time, you would only lose money

bitcoin it's like gold that was turned to cash and can be used far more easily than carrying gold around, the similarity is also very obvious, like the mining aspect, probably satoshi was inspired by a variant of gold that do not require trust and was decentralized


what do you mean , bitcoin is accepted in many shop, therefore there is a utility and consequently a store of value

bitcoin is an experiment project doom to fail

For me bitcoin is digital gold than digital cash because on my place there are not many stores accept bitcoin for payment method, bitcoin be used for make investments into altcoins (trading altcoins in exchangers),
but i hope in the future bitcoin become digital cash on my place although it will takes​ much time because of many people
who doesn't know and understand about bitcoin and digital coins.

For me, bitcoin is a digital gold and currency because bitcoin is minable the supply is limited and it has stability like gold. So, it would be advisable to store bitcoins and sell it at the right time you could earn 70% profit. But it is also an currency supposedly bitcoin is an alternative payment method which you can pay anonymously without entering your personal info and your bank details to avoid the hackers stealing your info which is good.

On the contrary of what people think, bitcoin has infinite supply. All those altcoins popping up every day are side chains of bitcoin. They do exactly what bitcoin does. So bitcoin differs from gold in this matter. Gold has a limited supply as long as a meteorite comes from space. That doesn't happen so frequently  8)

Bitcoin could have been gold if it was closed source but it takes most of its power for being open source ironically.

It can be either digital gold or digital cash. If you're into it nvestment and buying great amount of Bitcoin and store it waiting for it's price to hike up then you can considered it as a digital gold.

And since Bitcoin is being used in millions of transactions and some stores are accepting it as a mode of payment, undoubtedly you are using Bitcoin as a digital cash.

I think that i would rather compare such a precious cryptocurrency more to digital gold than digital cash, because of some reasons.

First is that the bitcoin price has grown higher than gold price, so we passed an important moment when something "virtual" is more expensive than such a rare metal

Secondly we need to remember that BTC is crypto #1, and the rest of cryptos(altcoins) have their value but the bitcoin can be considered also as "gold" in this community.

It is more like digital gold in my opinion.

gold stability is very popular that sometimes my eyes getting blinded by its promising investment, and the goldy ones you said earlier ain't stable is it? it's just ordinary currency but have additional interesting features

i am thinking the same like you because when we talk about digital gold, i think bitcoin is like gold but for the online life and we can buying something that selling in store online although we only can found few online store but i am sure that in future, there will be many online store that wants to accepting bitcoin as their payment. beside that, bitcoin itself can be acted like digital cash and we can use bitcoin like i said above, the other reason is bitcoin is make our life so simple and easy. we don't have to carrying too much wallet and its only one wallet is enough to spend our bitcoin to buy something in online.

I use Bitcoin in various ways. It's a store of wealth solution, investment solution, remittance solution. It doesn't matter what label you stick on Bitcoin -- Bitcoin is whatever you want it to be. It's a multi functional tool. People have the freedom to use Bitcoin how they want. That's why it really annoys me if people say 'Bitcoin isn't meant for this or that'. Mind your own business!

I don't think that it's digital gold or card, because you can use gold at any time, everyone would accept gold as payment, cash don't have much value anymore, bitcoin has because there are rules about it. Also, you can use btc almost wherever you are in the world, and gold too, but gold isn't anonymous, btc is ;)

For me, bitcoin is both a payment system and a currency. This is a unique phenomenon. No single currency can be used that way. Many beatcoins are attracted precisely because they unite both of these phenomena

Oh really? Then, why do you waste your 'precious' time on a forum that is related to that 'doomed experiment project'? Bitcoin have survived a lot for almost 8 years, and still continues to be much more stronger than ever.

On topic, In my opinion, I think that Bitcoin is both – a store of value and digital cash. While bitcoin is serving as a long-term investment (i.e., digital gold), it also offers a great payment method within itself (i.e., digital cash).

I'm loving these terms.

Well digital gold I can live with but digital cash is pretty funny.

-Do you have any cash on you?
-Pulls out smartphone.

How about neither and both at the same time.
It is digital, it is like gold but it is not gold, it acts like cash but it is not cash.

It's bitcoin.

I am in the same situation like you are. I am also waiting to shops or other places would start to accept bitcoin as payment directly in here. For now there is nothing more to me, besides to spend like 10% of my earnings for different fees to cash out my coins on my card and pay for my costs with ordinary fiat.

Far in the future I think we will see bitcoin server as gold and some other alt coin like DASH or Litecoin serving as quick spending money.  

IMHO unless bitcoin can get its act together, it will ultimately end up as a vehicle of long term storage of value, transfer of wealth, and payment for large value items like homes, businesses, insurance payments and the like. Bitcoin works great, as is, for those purposes. Dash and Litecoin would be great as day to day spending tools. Both Dash and or Litecoin will be valued against bitcoin or gold instead of Fiat. Each coin will serve its unique role. Gold/Bitcoin shall be the Base, Dash/Litecoin shall be the currency used to buy goods from the grocery store. Ethereum will be the mechanism driving and controlling the business world. All other altcoins will be valued against Gold/Bitcoin.

Once we start valuing ALL altcoins against bitcoin or gold, we will truly see the value of bitcoin stabilize and become rock solid.

to me i think bitcoin is a digital cash, as we have the opportunities to use bitcoin for online shopping while in some place we also have the facilities to use bitcoin for shopping in our local shops without changing it in to fiat currency. although i most of the areas the facilities of bitcoin to use it as fiat in local shops is not available and the reason is that there the users of bitcoin are not enough so that they can attract the shopkeepers to start accepting bitcoin for shopping, but still we are hopeful that when the users of bitcoin will increase there then the shopkeepers will start accepting bitcoins  for shopping.

It's both, but I believe bitcoin is mostly a store of value.  In fact I think it sucks as a currency, and I've said that before many times.  Confirmation times suck, the fees suck, the irreversibility sucks.  You name it, it sucks.  EXCEPT in the dark markets and at the casinos.  Those two places it's great as money and works well.  But try to actually go to a merchant and pay for something with bitcoin.  Not gonna happen in the real world, and I think most people are realizing that fiat money works so much better.

As a store of value, it's great, and if you're a Pakistani worker in the US it's fantastic to send across borders.  I bet most people who do that never, ever actually spend bitcoin.

Bitcoin is supposed to do both but at the moment bitcoin is behaving a lot closer to gold than to cash, also bitcoin has a big weakness compared to cash it is not truly anonymous and that hurts it is usage since if you want to be anonymous you need to use tumbling services.

it is both,
it has always been both,
it will always remain both or it would no longer be bitcoin.

and that is the beauty of it. you can use it as a currency as it was supposed to from the day it was created, but since it is unique and it is secure and also there is a very limited supply it becomes a good investment too, as gold if you like to call it.

The thing with bitcoin is it cannot be boxed as only a kind of digital cash because more people are considering it as an investment so it is as well a store of value. It is both digital gold and digital cash because of the features it possesses but many use it as a form of investment rather than as a payment method, because of the increasing transaction fees associated with it.

Nothing in the world is anonymous, with the currently technology some countries have they can discover anything about anyone if they want and I think it's not a advantage of BTC as it's inexistent. Bitcoin is money like any other currency, but digital. People are using it "like gold" to increase their fortune on long term, but it can be used to buy anything.

yes there is no doubt about the fact that bitcoin is money, as now in some places people are using it as fiat currency, while is such places where still the facilities of bitcoin to be use it as fiat currency is not available then there people are using it as investment.

I guess that's not the main goal in the development of the main bitcoin, indicated that his advantage is bitcoin is much better than currency and other systems. Bitcoin is indeed a bank run by every person who has it, but I'm not sure that everyone already does not use original currency in each transaction. Because only the money in every country that would legally have the authority or may be used in any country.
 

For me, bitcoin and means of payment and money. In addition, I use bitcoins as an investment object. Very convenient and versatile financial instrument

In my own opinion, bitcoin is both digital gold and cash because it can do both. Bitcoin is digital gold because its value is always going up every year and we can see that and it is digital cash because a lot of stores from the different parts of the world already accepted bitcoin as another type of payment method when you are buying items or service to them. So there is no doubt that bitcoin can do both.

Cash is anonymous only in p2p environment. So you are going to tell me that you are not using any 3rd party service to process your fiat payments?
You don't have a bank account, you receive your wage directly from your employer in cash form, and no one keeps tabs how much you earn?
Bitcoin was pseudonymous at best, if you want full privacy there are better altcoins (Zcash, Monero) dedicated to keep your payments confidential.

Bitcoin takes the best of both worlds because it is both scarce store of value like gold and can be carried around easily and spent everywhere like cash.

but in p2p environment, the anonimity of cash is absolute unlike bitcoin just pseudonymous everywhere, all can be traced, it's like we're leaving fingerprints

Some who thinks bitcoin as a digital cash always calls for its transaction fees to be reduced so that minor purchases could be easily made with bitcoins.But at the same time,users who think bitcoin as digital gold says its security is main and it should not be compromised.Satoshi mostly called bitcoin as digital cash and at some occasions later, he used gold's aspects to explain about bitcoin.

We can buy immediately some goods for bitcoin, so it is digital cash. There is no such fundamental value in cryptoworld as bitcoin - so it is digital gold for years ahead at least.

Bitcoin is gold. Noone will buy something with using fractions like 0.0045 etc. and these transaction speeds.

I believe that a new altcoin, that i currently don't know which one, will take the title of "Payment System" in the near future.

For me its both we don't know what will the real future are and no one can tell what would be our future hence we can predict what will happen on this currency both can be use of our new technology that can better than the old generation we are in innovation of all gadgets and payment system are being more powerfull and useful.

I will say that bitcoin is best investment platform in the world. Most of the people prefer gold or real estate as their investment platform but bitcoin something more bigger than these options. It is the digital stock where you put all your money and make it as double in few years. Therefore, I will go for digital gold to which is going to be future physical for the people around the world.

i think it is digital cash because we can trade it with other coins like cas, we can withdraw it in banks and other trusted mode of payments, i treated it like a digital cash, not a digital gold,because gold is a stone and bitcoin is a cash.

Like most of the people here I too believe that bitcoin was supposed to be both. But at present moment it is more likely be represented as digital gold instead of digital cash. People are using it more as an investment rather than as a cash for doing transactions of everyday life.

I also have same thinking nearly, but it also depends on person to person, for me its like both cash and gold. Because I am using it as investment as well as I use some services which accepts Bitcoin. But ofcourse about everyday casual or physical transactions, that's very limited regarding options I have.

It leads us to the conclusions, that the biggest affair about bitcoin is that we cannot really use it well as a "digital cash" because for now, the blockchain is under way too big traffic.
Without solving that issue, we won't be able to call bitcoin as a digital cash, and the reason is very simple: regular cash is available to transfer to any bank, anywhere at any moment pretty much (but in fact, the remittance will be done during the working day)basically without paying any fee,  and you can also withdraw it any time you want.

But with BTC you cannot withdraw it insantly, because you need to wait for the confirmations, plus you need to wait for a bank transfer.
You cannot also send it into other wallet without paying the commision, and waiting at least some time, to get the confirmations.

I would call it only as a digital gold for now.

Bitcoin is more than a gold and more than a cash so bitcoin is digital gold cash which I'm consider bitcoin as unique internet currency that ever exist

Since bitcoin value has quite high value so it's good for investment purpose also it can be use for transaction for another advantage of bitcoin

Yes, for now and maybe for a long time as people tend to save their bitcoin and using fiat money for daily transaction.
I think, bitcoin being used as online currency to send it out the country which consider as good option to do that.
Another option is convert bitcoin into fiat money, and it is categorized as digital gold to store of value.

When Bitcoin just started, the people that were using it didn't really know how expensive Bitcoin would be mostly because they didn't know how many people will be using Bitcoin for payments.
Bitcoin is not really something that is going to replace the Currency system, it could cause the Currency system to have a little bit of a downtrend though the whole Bitcoin Project was just so that Bitcoin would be noticed more as a collectible item.

I agree somewhat on your opinion about (too) big blocks, but your conclusion, for me, is wrong.

It's actually the other way around: Bitcoin can only be digital gold if it's also used as a currency ("digital cash"). It is not that important how it's used (e.g. if used in supermarkets or mainly for transactions) but it should cover as many use cases as possible. (Micropayments, for example, is not really an important on-chain use case and for this case I think LN is better).

The reason is that for the "digital gold" feature Bitcoin needs at least a certain level of value/price stability. Stability can come from usage (as a currency) and liquidity. If there is no usage and liquidity its value will be vulnerable to speculation attacks, because Bitcoin itself is not "backed" by anything but its users themselves. The more users and the more usage, the more stable it can be.

What to do, then, if bigger blocks are not desired? There is no single answer, but LN, pegged sidechains, extension blocks and on-chain density improvements (without too big blocks) are as well needed as a gradual and conservative block size increase (17% per year as in BIP 103 is a good orientation point although I don't like the automatism behind this proposal).

PS: I voted for "Both" and although I don't agree to the full post of the OP, I think this phrase is worth a quote:

Maybe sometimes bitcoin looks like gold, because it has a high price, but bitcoin also can be said very easy to get like cash. Maybe bitcoin is a combination of both, so can be said bitcoin is cash and gold money depends on the use.

Yes, bitcoin is a combination of these two phenomena. This is a coin and payment system. But now I use more bitcoin for investment. I buy bitcoins and just hold them, then to sell more expensive

Well i dont think bitcoin is either of this .because 90% of the people use bitcoins for earning ,that is sell the bitcoins when the price is high.Bitcoins being used for groceries is not being widely used,if used in this manner will change the face of the earth in many ways.

Well if it has the ability to effect the changes you're talking about then it is a digital gold yet to be mined and refined for people to see its value. I think it's both digital cash and digital good because it's electronically operated yet has semblance of both cash(fiat) and commodity (gold).

Like most I do have a bank account and while you recommended the use of altcoins there is no doubt the lack of anonymity features in bitcoin hurt its usage somewhat.

You are saying that most of the bitcoin community use it only in investment purposes, but that is not true.
You can find many articles in cryptocurrency news websites where it is said that someone bought e.g car or a whole company.
I would also tell that still, the things are you talking about can be defined as a digital gold, which is because you also use this precious metal to invest your money, and most likely get returns.

So i think that you may consider bitcoin as a digital gold, because you may just simply get great profits on both of the assets just by holding them.

Digital Cash, Digital Gold simply wouldn't work based on the simple narrative of that Gold can't really be used as cash in anyway in person at all while cash can be used to buy things like it's meant to do.


Mining Process is something that I wouldn't really compare as one is a computer solving problems to confirm legitimacy and another is ACTUALLY MINING with machines and such.


Well, you could probably say Bitcoin is like a ton of other items due to the similarity in price. Wouldn't use that to call them similar It's cash bud.

It's an asset class having features of both a currency and a store of value.
In essence it is both digital gold and digital cash even with the sizing and transaction debate the focus is on a store of value but people still use it as a means of cash.
Of course if the fees outweigh the costs of doing that for a long period of time then it hits a bottleneck and the transactions will transition elsewhere leaving the store of value and asset class as the heaviest leaning.

bitcoin is digital curency
you can use bitcoin to payment procesor same with paypal, you can buy anything in online use bitcoin, domain, hosting
or you can buy in amazon, but use bitcoin buy amazon gift card
another payment procesor bitcoin can use investment, trade can get profit

Bitcoin is digital cash, but his potencial is very above then the gold, soo some people does use bitcoin to store value against their fiat currency, as well used for saving purposes as well investment at the same time. For me bitcoin is the digital gold, with amazing potencial to grow.

Yes, bitcoin has great potential. I see that the popularity of bitcoin grows every year. And many companies are implementing the system of blocking. For me, bitcoin is digital gold.

BItcoin is a digital gold and digital cash  digital gold because like a gold it has its own mining reg like gold in mining and also a digital cash you can buy in many store by just using bitcoin and also we know that bitcoin was so successful and the price is already a thousand dollars so you can start investing in it so you can also sell bitcoin for cash.

I too think bitcoins got a good potential, but I will never grade it more than gold, not in terms of market price but to hold it for a long term. Gold is gold and nothing can replace it. Bitcoin is another good option for an investment since its prices are more volatile so I don't want to keep more money in bitcoins. Because it has a chance of going up and down quite fast so I will invest more in gold and less in bitcoin.

You don't need to treat bitcoin as literal digital gold because we all know that bitcoin is just LIKE gold but digital version because it is increasing every year and its price is expensive like gold and they are both good for long term. So i think it is considerable for bitcoin to call it gold v2 (Virtual Edition). But the only thing that bitcoin made different from the gold is, we can use it like cash also.

I am happy to see the voting result, that mostly people think that bitcoin is seem like gold and also cash. Because for me, it is both, bitcoin is for me, not less than gold, because it is expensive digital thing like gold.
Also whenever i want to use my bitcoins in any place, than i could use it like cash.

Bitcoin is both digital gold as well as Digital currency. One thing that makes it better than the digital gold or digital cash is it's evolution within the system or technology unlike the commodity value. The value has now getting closer to gold and soon it would cross it growing big.

Bitcoin is like gold because it will increase or decrease of its value sometimes. It will has be a high value and low value. It will keep as gold and will preserve for the future.

Why not both ? S payment system and an asset. An asset because it's like gold and goes up in value. Unlike good a currency too. That can be used to directly ourchase things. Bitcoin is so much more then merely a currency and asset.

yes bitcoin is like gold because the gold is valuable metal due to its price, as it has the highest price and increasing day by day.as we know that bitcoin price is also increasing and has very high value as gold,so for me it is gold which people can preserve it and can sell it at high price.

It cannot be the dominant crypto as digital gold only without being a payment system (digital cash).  

The reason for this is that there is too much competition from other cryptocurrencies.
If Bitcoin can't be useful as widespread payment method, it will lose a lot of demand,
which will lead to lower prices, which leads to less mining revenue, which leads to
less security, and thus taking away the only thing that would make it digital gold
in the first place absent high utility as payment method.  

In other words, why would anyone use Bitcoin when another crypto could offer
high security AND low fees?   I'm sure some people would still use bitcoin even
if it had high fees and slow transactions, but it wouldn't stay on top and have
high security or a high price.

We can say it can be both thing when it comes to bitcoins.Bitcoins has the price high like gold but not totally leveled with gold itself.It had characteristic of cadh which can be use in different payment method so for me i consider it as gold online and casg online

I agree that. Bitcoin can be both money and investment. It is a good place for investors to keep there money and save it and wait for the price to go up. There is no inflation in Bitcoin and I can guarantee that the prices will always go up

Exactly once. Bitcoin and gold also have differences on the level of use or profit levels obtained. Gold has always had a stable growth and also the advantages are also quite stable so to can benefit greatly need quite a long time. Unlike the bitcoin where at will have tremendous possibilities.When a person already know well bitcoin, then I am sure when they make investments accounting for or already full with ripe then luck or great profit will always be obtained
 
 

Both probably, it has granularity like cash and it's decentralized like gold

yes that is right that bitcoin has both the characteristic. as in some places where the facilities of bitcoin to be use as currency in local shops is available, there bitcoin is a digital cash, in in such area where people are using bitcoin for investment purpose there bitcoin is just like a gold but the different is that bitcoin has more potential to increase as compare to gold.

Bitcoin can be termed as an digital asset as well as an digital cash and the beauty of bitcoin is that you can term according to your choice as you can either store you assets in bitcoin or can be used as a digital currency where you can use it as a payment network to send without much hurdle.

it will always remain both or it would no longer be bitcoin. you can use it as a currency as it was supposed to from the day it was created, but since it is unique and it is secure and also there is a very limited supply it becomes a good investment too, now bitcoin price it rise up

"there's no inflation in bitcoin" said peasant who can't read the price chart and spreading bullshit with his lack of knowledge for the sake of spammy post, legend says. Or probably, you don't even know what's inflation do you?

Bitcoin it is better than gold, while gold can be carried in big quantities with ease you will need to be very lucky to be able to move big quantities of gold over boarders but this is not a problem with bitcoin, you can move huge quantities of it in an USB.

At first,bitcoin was used only as a digital currency.Then its value started rising and people found it as an asset instead to invest in a long term basis. In the mean time,bitcoin can be used to buy any products or services and hence it could be also called as Digital cash. bitcoin it's like gold that was turned to cash and can be used far more easily than carrying gold around, the similarity is also very obvious,

Bitcoin is supposed to do both but at the moment bitcoin is behaving a lot closer to gold than to cash, also bitcoin has a big weakness compared to cash it is not truly anonymous . Bitcoin was pseudonymous at best, if you want full privacy there are better altcoins (Zcash, Monero) dedicated to keep your payments confidential.

Recently by the starting of the year made an investment on gold with the same amount nearing to the value of single bitcoin. Now I think if Ihave made the same investment on bitcoin I could have got a 20% profit in a very short time which can never got through any form of investment or buying and holding.

If it cant solve its scalability in the future then it will become like gold

That is a wrong move for you, If you are planning to invest again on a certain stock like gold, make sure that you ask yourself first if what you want, a long and safe investment or a short but volatile and high possibility of profit. Then after you answer that then you can easily choose between those two and you will not regret your possible decision.

Both bitcoin is a digital gold because you can also mine bitcoin like a gold and that's were the production of bitcoin come from and that where the bitcoin could exist created in mining also bitcoin is also a digital cash as we all know bitcoin is a digital currency so bitcoin is treated like a money but many store dont accept bitcoin yet.

Right now I don’t think that bitcoin is being treated as a digital gold because most people only get bitcoin and store, unlike regular cash they don’t earn and spend it, they treat it as a type of an investment much like people are investing in gold, so my ideas is that bitcoin is going to surpass gold and become the new investment to go with.

After years, when bitcoin will be having stable prices, it may turn as pure digital cash. In between times, we will be having users who will be using bitcoins as both digital cash and digital gold.

its great analogy, i think, its more like virtual gold .

There is digital gold currency or DGC or e-gold which is somewhat equivalent to digital cash. On the other hand bitcoin ain't digital gold, but digital cash. Compared to bitcoin, digital gold definitely has much more stability. But as digital cash, bitcoin outweighs DGC because apart from being an investment it cannot be used for wider purposes.

It can be called digital gold. Gold value changes over time, so is the bitcoin. Its more than just virtual currency. It gives us opportunities to earn more and different ways. In the near future, I don't see any obstacles, which can harm its value. But not sure about long term like 50 or 100 years.

BTC is a combination of these two phenomena. This is a coin and payment system. But now I use more bitcoin for investment. I buy bitcoins and just hold them, then to sell more expensive

Yes bitcoin is a combination because you can use it to buy things and pay bills online or you can hold it just like gold that just after a year you can get at least doubled profit from your investment which is good for people who are tired of risky investments that are available in the market unlike in bitcoin that they can have a peace of mind and up to 90% assurance that they will get profit if they just have patience and keep their coins for long term.

I'm more and more convinced that bitcoin is nor digital gold, and certainly not digital cash, but is rather like a digital naked derivative speculative asset.

That's what I mean.  Note that if the majority of bitcoin buyers do this, they play a huge greater-fool game.  The question is what will those holders do when they run out of greater fools ?

pretty clear when the bitcoin in up trends people used it as investment , they quite confident that the charts bullish and could drive to higher price . but sometimes it's not run as planned , and they just suffering lost. better to use it in daily basis and help bitcoin grow universally by spend it as digital money. it's important too to keep considering bitcoin as digital gold or something.

Right now Bitcoin is not a Gold, It is presently used known as digital currency /virtual currency. Which is commonly used for online payment and can also be use for dong trade in the market, due it has the value that makes the company attracted by it features and the simple usage of bitcoin. Therefore, bitcoin is already better and greater than Gold.

That is the present situation, yes. But we can talk about utopias, or not? ;)

Your observation that "hodling" is essentially a greater-fools game is totally right. But it is not mandatory that this will stay the same forever. The reason is that Bitcoin, or cryptocurrencies in general, do(es) have some advantages with respect to traditional international money transmitting systems.

So companies making profits of these advantages can extract value from the Bitcoin ecosystem without needing to engage in the greater-fools-game ("hodling"). They simply extract their profits from their customers, like companies do in the traditional fiat-based economy.

There will be a point in the future where Bitcoin hodlers would have to understand that if they want to continue to make profits they must invest in these companies, not only in Bitcoin tokens, because the Bitcoin price cannot grow in an infinite manner. If all people of the world are invested in BTC, then we have reached this "price cap".

It can be considered as both.

Gold is used as a store of value and its price differs from time to time. This complies with bitcoins.
Cash is used to pay for goods/services. Bitcoins are used to do that as well.

So basically it's both of them at the same time and it's some futuristic technology :D

I have to say that since Bitcoin is a payment system simply because it can be used to purchase goods. If it were like gold, nobody would be able to use it outside of exchange (selling to a vault, mint etc before it can be spent.)

The only reasons for it being considered a store of value is because it's brand new with booming potential waiting to be used alongside price increases.

But gold has lost its application of being a medium of exchange long time before itself but still gold is the most preferred store of value. Similarly bitcoin is now being used for both store of value and for medium of exchange.

Here are all just focused on digital based application of bitcoins but bitcoin can have physical format too hence it is not just digital based asset. It is a type of cash and a variation of gold still it is available in both digital and physical format.

I think Bitcoin is both digital cash and digital gold because it has attributes of both currency and gold(a commodity ). This makes it really difficult to choose one over the other because it's actually both in my opinion.

Just like gold, bitcoin can be used as both a store of value and as cash. However, until the speed of transactions is increased dynamically and the increase in unanimity is assured, bitcoin will not become dominant coin of choice for John Q Public. For those reasons, I believe that bitcoin will, because of it's network effect, continue to be the dominant coin of choice for investors, those who are new to cryptocurrency and those who want to pay for high value items. Until bitcoin becomes more like Dash or Litecoin, it will NOT become the coin the public uses the most in day to day business. To me that's great. I like the idea that there will be more than one MONEY that is used all over the planet. UNTIL bitcoin or some other coin becomes the BASE or Reserve Currency to which all others are valued against, NO cryptocurrency will replace FIAT or government issued currency. Mark my words; the central banks will issue there own digital currency. Once that happens, all cryptocurrencies will then have a fight to become the dominant money on the planet. As far as gold vs cash, a fully developed cryptocurrency has the potential to become used as both, but we are a long way from that happening. IMHO

Both, but far less table than gold.

For me i do consider both, since i can use bitcoin to store my fiat, as well i can exchange it anytime into fiat money, soo for me bitcoin is both, even with others coins around bitcoin still a powerful and interesting investment option.

Yes it can be considered as both and if you save it for a long term then it can be a digital gold for you and can give you best returns in compare to gold and its already an digital cash as we are using it for buying things at a moment.

so many shit posts so little time

Bitcoin isn't just gold, it's gold^2. Finite supply that appreciates over time. It's actually a diminishing supply once you take into account the lost wallets.

The best answer to this question is very simple. I will feel confident if I have gold in my hands, because Bitcoin is a virtual currency and, with small changes in policy regarding crypto currency, the user can lose everything.

I always see BTC performing one of the most important functions of money, to be store of value over time. Exactly like gold but better, let s say gold 2.0.
In addition, one can consider BTC being an investment vehicle as well, it s easy to invest and differentiate your investments into various projects.

I really do not think BTC will ever become classic currency, this is something other faster and more developed alts might become.

I think bitcoin was built with the intention to be a payment system.
Maybe there was even the thought that it could increase its worth over time, but surely it was not meant to develope so quickly.
Right now, i see bitcoin to be both, payment and investment.
But the investment aspect is growing more and more.
If that is really a good thing, we will have to wait and see.

Agree with you.
Depend on the person that will use it. I know some people that are just using it for paying bills and other stuff.
Some use it as an investment and some think of it as real money which is just like fiat.
There is no wrong with this choices. It will just depend on each one what they think. I also think there is no right answer here, we have our own opinions.

I agree with you that bitcoin is the second version of gold but a better one because it is digital and cheap in fees and also anonymous because we don't need to expose our self just to do transactions. I also agree that bitcoin will not be the classic currency because there is a lot of altcoins in the market that are keep coming which they improved some of the features of bitcoin.

It depends on the users as quoted by most of the users. In the early days users preferred it for all the gambling needs and for illegal usage. Meanwhile little by little people started considering it as an value storage token and now with the growth its been getting popularity as an investment.

As for me bitcoin is simply money and not simple money but strong money. In the meaning that it serve to buy everything that can be paid (first) but even a money that in time will have increase in value. So, in other words, serve to pay now but even to be put aside in order to have much more valuable things in the future from it. Then if you call it with several other names but who aim to secure the above functions that depends only from you.

for me bitcoin not more that payment. this is just personal opinion and don't take it deep but for me bitcoin help me with pay something that i need and never save it for long time

I agree with this explanation,bitcoin is in its own league while gold lead in its own. Bitcoin was invented to be utilized up its needs in this changing times in this virtual world. Now, bitcoin is even expensive than gold, it already surpassed it.

Really? I though the price of gold was about $40m/ton.

It's both. You can use bitcoins to pay for goods and to store value. For some people bitcoin is only way to pay over the Internet and for some it's method of wealth protection. In some countries, prices of official currencies are more voilatle than bitcoin. For me, it's method of buying games over the net.

Its all right, these how bitcoin works,a lot of way and benefits can be made using bitcoin. For me it is a way to earn and to save at the same time. I can earn extra and monitor my bitcoin the way I wanted it.

Bitcoin is a store of value for me like gold so its an digital gold for me as I never spend them and save it for future hoping that price will go much higher in coming years which will allow me to become rich with my investments.

Yes, but still,most people use paypal or their credit cards because the confirmation of the transaction is taking a lot of time as always. Usually we can't still buy goods using bitcoin here in our country, so we just store them and earn profit with them. So for us it is a digital gold.

I think bitcoin is digital cash because you need a wallet to store your bitcoin and if bitcoin is digital gold how can you store it.Some people say that bitcoin is a electronic or digital money.

Yup Bitcoin is a digital cash we need some wallets to store Bitcoins. And we don't have other option to store bitcoin. If it is digital gold, then the storage process will change. And yes it is electronic money we need internet to access this digital currency. without internet we can not access it so we call it BTC is a digital currency.

It has several characteristics. It depends and vary based on the user who make use of it. Most users prefer it as an investment and as a value storage token through which faster transaction in less time too can be done. On the whole bitcoin is simply a success of an innovative technology that can be used anywhere to make functioning effective.

Just as digital cold is a digital version of gold,bitcoin,we can say,is the digital version of cash.
Although it is irrelevant to compare bitcoin with anything as bitcoin is a unique concept.

Its not gold and not even close on being crypto worlds own version of gold in real market on the physical world,its simply a digital cash that still cant be use on each payment processor and merchants around the world

Bitcoin could be both termed as Digital cash and Digital gold.Satoshi created bitcoin as a digital currency to make people transact money without help of banks.In the mean time,bitcoin value grew very fast and many people  started to buy bitcoins as an investment which would give good returns.They started to buy bitcoins instead of gold and hence it could be called as Digital Gold.but at the same time,bitcoin could be used to buy goods.Hence,it could also be called as Digital cash.

I considered it as both things because we do know about bitcoin it serves as digital cash because we can able to use it on purchasing things online and other payment options that do accept bitcoin which is really great and also its also a digital gold considering on its moving price which is can be also served as an investment just like gold.Its price do increase and also deflates.

You are right sort of the two is the same because it is both digital means online or technology so it only matters with digital cash or gold though if we are talking about cash sort if it is small amount unlike gold sort of big a large investment to earn. On the other hand they are both the same because of the price right now , the price is big, sort of nice investment and also nice to earn some it to make it with your own fiat

Bitcoin is difgital cash were sending and receiving is fast and easy to process. Were people attracts into use of bitcoin because of its advantages to users.

Digital systems owned by bitcoin have many advantages over others. Currently bitcoin is one of the pioneers of digital currency.
bitcoin is a system that makes the cash into a digital technology.

bit coin isn't available any country or any economics market ...But it also use for buy trade and business ..Its give us more profit and more benefits. So its helpful for us The definition of cash is  money
in coins or notes and money in
any form, especially that which
is immediately available . The
etymological origin of the word
cash is thus. bitcoin is a digital currency but also a type of virtual currency.

Bitcoin currency is too much unique currency and we can send our bitcoin anywhere and in any amount without any tax or other high fees and we can buy anything from any place i think bitcoin will be totally change our life to digital world in the future then we do not need to use our fiat money.

i agree with you bitcoin make our life too much easy we can secure our all money from thief in bitcoin and bank is also not secure and other side bitcoin increasing its price and our money is also increasing when price of bitcoin go to higher value.

You haven't mentioned a single thing that makes Bitcoin look like digital gold. All you say is that the price of Bitcoin is moving, that you can use it as investment option, plus its value goes up and down -- such description fits many things. It's mind boggling how empty the posts in this last page are (also previous ones). Nothing informational, nothing helpful. It's all gibberish....

Maybe it will be on how the way we treat it or it could be how the way we prefer it should be.
Usage. How do you use it?
In my personal experience I use it as a means of payment for my electric bill so that is like digital cash.
On the other hand, I think of it as a commodity like gold. It grows in terms of value and those are large numbers unlike fiat.
You can invest on it and somhow will profit more after a few years.

Well, to be honest, it doesn't seem like a majority of users have a great grasp on economics or making allegories, I won't say I'm amazing at it either but that's mostly what you get when there's an incentive to have quantity of posts with decent quality over high quality. Not that it really matters that much for most users, sadly.

As for Bitcoin being either digital money or digital gold, it fills the niche between the two quite nicely. Definitely not really able to lump Bitcoin into one or the other, as it serves both purposes well.

I think this is a good thing, I'm more glad bitcoin gold because if digital cash equal to store numbers, much but its worth a little because it is always exposed to inflation.

Too many naysayers against these digital currency. What has marked in the mind of people is that bitcoin is a currency used in illegal transactions like the Silkroad and it has no future. Even some of my friends are saying that it’s just a scam and it will fade through time. They are giving up in something without giving it a try.
Bitcoin is whatever you want it to be!! Yes, the limits of it is how people will go on with the flow of its usage. If everyone decided that bitcoin will act as a reserve and as a treasure that only be needed when we are pushed into the corner, then it will be hard to be a bitcoin payer here and there while almost everyone is keeping it and it will be hard for us to be a keeper if everyone keeps on spending it. It can be used in a several ways, but you must also keep in mind on how people circulate it. The bottom-line is there are different usage and different opinions of people and different perception on how bitcoin will be at its best use. We’ve got a long way to go and I think whatever way you will use it, there is a brighter road ahead.

I think there are similarities with gold, but it's not digital gold, it's digital cash as it's money used to buy anything other currencies can buy, since the cheap coofee until the expensive plane, boat...
What makes persons believe it's digital gold it's because the bitcoin is profitable on long run, like gold, while another traditional currencies are very stable or are dying on long run.

As of now bitcoin is more on being gold because it is not yet accepted to the stores as a payment method because it is not that popular yet and bitcoin is just getting popularity from this past few months and the few countries are just starting to notice bitcoin as a potential currency so this time, bitcoin is just like a gold but it will be like cash soon.

I suspect BTC will remain.

Responses such as this really expose the flaws of this poll. By comparing bitcoin to gold and cash there must be some qualities of each that you must be talking about. Are we talking about exclusively gold as value storage and cash as a payment method? If so, then you are right about bitcoin becoming more like cash eventually but being like gold in the present. Your point about inflation does not really make much sense, however. Bitcoin is in limited supply while other currencies are not. Regular cash goes through inflation because of the currency it is part of, not because it is cash. That is also beside the point, given that those do not seem to be the qualities being discussed in this thread.

I think Bitcoin is both digital gold and cash, because if you take it as investment then it is like gold and it can be liquidated when ever wanted without any problem like when ever you are in need of fiat currency for expenses then you can sell them in the exchange and full fill your needs. So it is working both type

Bitcoin is a decentralized digital currency that allows any two willing parties to conduct transactions anywhere around the world. Bitcoin is a payment method accepted both by online and offline shops and in the last few years has become one of the most successful investment opportunities.

for more information please visit to -
https://www.xefocoin.com

Thanks

Bitcoin can be aligned more with cash than with gold. After all, gold, in itself, natural metal. This is how to compare money and naphtha. Gold is now more a commodity than a means of buying and selling.

I treat bitcoin as both for now. Well, sometimes I see that bitcoin is just like gold. Has a high price. But some people use it as money, so I also use bitcoin as gold, and digital money. Bitcoin is very flexible, and can be used as a tool of business and money simultaneously.

No btc is not gold.It is digital cash.I think btc is better than gold.

Bitcoin is still treated as a commodity in etf proposal, I agree with you but if seen as an asset, bitcoin is more towards digital gold, this is my personal understanding though the fact is bitcoin is a very flexible digital money. It doesn't look different but I impose all assets are the same.

Bitcoin is supposed to be a digital currency, or can say digital cash, it should be a medium for payment but with the recent increase in txfee and issue of bitcoin not fit to buy a coffee, bitcoin is now moving to being digital gold.  Bitcoin store of value is awesome, giving profits to those who holds.  So I guess Bitcoin is both digital gold and digital cash.

It's different for each and every person. If you see and use Bitcoin as a form of digital cash, then it's exactly that. If you see and use Bitcoin as digital gold, then it's exactly that.

I fit in the latter category. Bitcoin for me is digital gold, or gold 2.0 as some people like to name it. Bitcoin's advantage is that you enjoy a far higher level of usability compared to gold.

It's easy to move from one place to another anywhere in the world, it's extremely divisible, there is no bulk, fixed supply, and the list goes on. I see only advantages.

I'm really proud to be a part of this discussion, I think bitcoin can be both, it depends on which name would you use for it, for me, it is digital gold. yesterday I came to know that the rate of bitcoin is greater than gold, I would love to call it as a digital gold.

You don't need to choose from those two because bitcoin has it all. Bitcoin is digital gold because of its expensive growing price and that is faster than gold growth price and also digital cash because you can use it to pay things online or even bills and bitcoin is also getting accepted in offline stores so it is all around.

I agree with you that bitcoin is both a digital gold and a digital cash. It is a digital gold since it is considered to be a commodity and can be traded and purchased. It is a digital cash since it has the power to purchase things and can be accepted as a form of payment in exchange for goods and services. But in the end it will depend on the user since there is no official and definite description of bitcoin.

Bitcoin is a digital cash because it's simply inevitable.It's what i've been depending on to sustain all my basic needs in this world.Bitcoin is a digital cash because it gave me chances to live in luxury.All my hardships we're paid off by bitcoin.

Oil and gold can give you a chance to live in luxury, does that mean that oil and gold are digital cash too? Bitcoin is an asset that can help you earn some cash or whatever you want.

"Asset, something valuable that an entity owns, benefits from, or has use of, in generating income.

well,We can say it can be both thing when it comes to bitcoins.Bitcoins has the price high like gold but not totally leveled with gold itself.It had characteristic of cadh which can be use in different payment method so for me i consider it as gold online and casg online ;) ;) ;)

Bitcoin is an investment while the price is rising, but when the price stabilizes it will simply remain the currency for the Internet.

Hello There ! Bitcoin is a Digital Currency it is not a Gold. It's value like that more then gold. any one told me that it is a digital cash . It's true u can call bitcoin digital cash

Bitcoin is considered as digital gold by some because of its characteristics and I'm sure that bitcoin is not digital cash as we know it. Digital cash will be something that's like our bank balance, the balance on Paypal, Skrill, PerfectMoney, etc. Bitcoin can be mined, just like gold. And just like gold, bitcoin is used for its uses (if that makes sense). People give value to bitcoins because of the things that we can do with it.

Just like gold, bitcoin still has a small value right now and it will increase as more people find it valuable. But bitcoin can also act as a digital cash. Bitcoin acts like digital cash whenever we use bitcoin to pay directly for the commodities that we avail.

Pretty much I think the same, when I can use bitcoins to pay for different things, to gamble with it, to exchange it for another currencies on many places, then bitcoin looks more like digital currency then digital gold. I also think that some people see bitcoin as a gold, they keep it safe and they don`t have plans to use it at all, they are just waiting for price to go very high and until then they are just buying and holding, that pretty much reminds on gold.
Definitely bitcoin is something new for this world, and there is no category for bitcoin, you can see it as you like and use it like you wish, one way or another, and both are right.

For some it is digital gold, while some people consider it as a a digital cash. Some people use it as a form of storage and investment due to its price instability. Once the price gets extremely stable (which i doubt), many people will just consider it as a form of digital cash and a way to store their assets.

I don't really like to label Bitcoin as Digital Gold because that term reminds me of the old BitGold system that was floating around the Internet.

Bitcoin is likely to get labeled as a Digital Currency rather than Digital Gold because it is something that has a value on it and it doesn't have to be a physical item.

I think that bitcoin is more suited to the concept of digital gold!
With the development of crypto-currency, governments of different countries will begin issuing their own crypto-currencies. It is natural! Any government will pursue its own interests and will be interested in having control over the currency! But the only thing will remain the same! All these currencies can be converted into bitcoin! As now, in any country you can buy gold for the national currency!  ;)

Yes it is indeed a digital gold having some investment on it.  Its price could go up just like gold and you can actually guarantee that it is already part of the market.  It can also be a digital cash because for many user of bitcoin, they are doing it insake of having some money to expense for daily life.

I do not agree if bitcoin is always associated with perfection of digital gold, because bitcoin can stand alone as a digital currency, gold is only a commodity asset, and that's it. Bitcoin is able to create its own market and exchange assets directly with fiat. Gold has nothing to do with it.

Wow! Nice counter attack!
No doubt bitcoin is more charming investment than gold but its recognition as digital cash is fading day by day. Now it is more a store of value than real moving medium of payment which can be transact between parties without any worry of time and fees. But now situation is worse and without hard fork its difficult to imagine than BTC could revive again as cash.

Bitcoin is a payment system the original purpose also same if people who is taking as store of value they will suffer for sure for breaking the original cause.

You are right, people can consider it like a digital gold or digital cash, each one have his point of view about that.
Personally, I would save it in my wallet than use it to buy stuffs or anything else. For me it's better than gold, It's a real investement. Always, I save around 80% of my weekly income in btc.

in fact it a digital cash that we have to use for online shopping and online business etc. but currently as people are using it as investment and for trading purposes therefore if we call it as digital gold it may not be wrong. in fact most of the people still cannot use bitcoin as currency and therefore they are changing it into fiat if they need it and want to use it, bu still to me as we are already using bitcoin for online purposes and hope that very soon we will become able to use in local shops also, as they still need to convince about the acceptance of bitcoin.

yeah you are right that bitcoin value is very high like as gold and i think more than gold for me because bitcoin price is very highest and i think bitcoin is a digital cash and a lot of people using bitcoin because they are using bitcoin for online transaction.

Bitcoin is a payment system but not useful for very small transactions also a good store of value. With segwit it will be more useful.

For me Bitcoin is both digital gold and digital cash. It has the characteristics of both. It can function as cash because the are establishments and individuals that accept it as a medium of exchange. It also function as gold because its value fluctuates and depends in the market.

Bitcoin is nothing like gold and also nothing like FIAT. But when it comes to value it seems to be superior to gold and has every good attribute that gold has and more.

To be honest it is both, its a form of storage and also a payment method. When comparing it to gold, it is superior as it has every good attribute of gold with the upside of being able to buy stuff with it. It is internet gold which is also usable as a means of paying for a product or service

Bitcoin is not digital cash or digital gold its digital money because if we say cash or gold it has physical appearance. Bitcoin is more than gold or cash in value and it is cryptocurrency.

If there is any option worth after Gold and digital i will consider bitcoin as that.Basically bitcoin is more like digital cash but it has worth like diamond because 1 bitcoin can change your life.

And I think that bitcoin is more like digital gold. The higher its price, the more people use it as an investment object. People buy less with the aid of bitcoin goods. They try to keep coins for the future

Currency i guess so digital cash and digital gold bitcoin was both it is a currency like a cash you can use bitcoin as a currency in buying in store but not today still in a progress also it is a gold because the price of bitcoin is continue growing over time .

Bitcoin is both a digital gold and digital cash because bitcoin is an electronic money.And if you have bitcoin you are like having a gold with you.Bitcoin is such a legit and important thing to be treasured.

Basically the world cash is derived from South Indian language and it literally means money,when you talk in terms of economics cash is a physical form of currency,things changes and we could call it digital cash or a asset platform.

IMHO, it is both.
I have lined it to commodities already (just for me). Thinking it is more like gold, because I am investing in it.
Maybe because I have never invested with cash. (Some do this) buying USD for their country have a lower value, so they buy the higher ones with much movement.
But as time goes by and with more merchants opening businesses with bitcoin as an option for the payment then it will become digital cash.

People who are smart does not jump into investing into anything when the price is higher,there is a certain element of uncertainty when it comes to all the crypto investment and it is well and good if you could grab them when it was affordable but reaching and holding them when the price is high is just too risky,there are other better investment options out in the world than risking your money.

And in the end nobody will use it but people will still put money in it indefinitely.
Is that what you're talking and thinking it will happen?

There is no way it will work.
Once nobody will use it you can toss bitcoin aside.
Just HODLing forever won't make all of us rich.

yes Bitcoin is both a digital gold and digital cash but in certain ways. Consider bitcoin is a digital gold. Yes it is because having bitcoin it is mean that bitcoin is getting expensive like gold day by day.If it is about digital cash then yes we can say that as well.It is storing in online wallets and we can use it like cash.

For me Bitcoin is digital gold.
Someday I will sell it when the price is high

If Bitcoin was not at a high price would you still call it digital gold?
Bitcoin is one of the investments where the money could get spent without relying on some kind of broker to transact the money for me, that is what I like about Bitcoin. Holding Bitcoin is more fun though.

It's digital gold because we consider the value of bitcoin is good/better than gold on these days. But I consider bitcoin as both things, we are using it for buying things and paying which is the role of a cash/money. When you purchase something that is already giving you an idea that bitcoin is cash, digital cash.

The OP should have removed "both" option from the poll. It would have been interesting to know how many people regard Bitcoin primarily as a currency (which can be used for investment purposes as well). For me, right now it is like an investment asset. But as time progresses and more people began using it, the exchange rates will stabilize and it will act more like a currency.

Right now my bet is on 99%.
I'm actually getting tired of the wave or newbies claiming that you should invest in bitcoin and that you're stupid to buy things with bitcoin cause bitcoin will grow forever.
And this whole segwit drama and some idiots claiming that things are good as they are know with 2$ a tx just made things worse probably cutting a lot of daily life usage.

Bitcoin is obviously called as digital cash and it can also be considered as digital gold because, we can get good profits by investing on bitcoins its value gets high day by day same as gold or more than gold infact.

What is digital gold? I don't understand this term. Gold is the metal material which has its limit on earth and has unique properties. Gold will always have its price and therefore has an advantage over digital currency.

I think is bitcoin is digital gold.

For now it is a digital gold,because of the high value and it will be harder to mine over time
With the current high fees,bitcoin can't be treated as currency to use for everyday payments because it will be too pricey

Bitcoin is a complete payment system, this is how it was made and what it was intended to be, The fact it serves as a store of value with volatility and the ability to earn profit trading and hedging it is an additional aspect that does not change it's intentional purpose of a cross-border payment system with no restrictions and central authority.

The best solution for this high fees is to use BTC indirectly, through third party payment processors such as Coinbase or BitPay. Coinbase to Coinbase transfers can give you instant confirmation, and the fees will be quite low. Anyway, I hope that the issue with high fees may be resolved once SegWit2x is activated with more than 80% support.

At first time i saw bitcoin as digital cash, because of they almost zero fee then nowadays bitcoin not have a cheap fee. But now i prefer to say bitcoin as digital gold or digital assets and it more suitable for future

Well i would say that it is both. Why would i say that, well it is simple. People use it to buy things, and also people are get payed with bitcoins for jobs they have done, like in signature campaigns. Also it is a digital gold, because most of us made money on price rise (keeping it for longer time). So i guess it is both, at least that is for me.

It is digital cash, its better than gold.I personally see and using  more as something that can be seen as Gold. Now all the people are showing interest on bitcoins more than gold. Everyone have to know about bitcoins. By this bitcoin we can do anything shopping / purchase accessories.

Although bitcoin is getting more attention, but it can not be compared to gold, it's just a new currency, but and a gem that was favored thousands of years ago, nothing can change it.

Of course, although bitcoin is now more popular than gold and other precious metals but bicoin function can not replace the function of gold and gems as jewelry that certainly has a better history and longer than bitcoin.

Proponents of Bitcoin as ‘digital cash’ place more emphasis on the accessibility aspect, arguing that its transaction fees should be low, whereas proponents of Bitcoin as ‘digital gold’ are more focused on its security, arguing that this should not be compromised by efforts to lower costs.

I'd say it's heading towards digital gold and in a way that's a necessary thing. Digital cash does not require the rigour that digital gold does. If you're looking for something cash like all you need is for it to retain some value. Gold requires far more. Bitcoin is the only thing that might just have what it takes to be digital gold.

Bitcoin is a digital currency. I never equate it with gold, because it can not be touched. Even if it is more expensive than gold, but still it will remain only electronic currency.

But as a currency at present it's shit. It costs money to transact and people are incentivised to hold on to it. Both of those factors are diametrically opposed to what a currency should do.

Save the value it does good will but I like digital cash because with so we can process all transactions with ease and can be beneficial also for the present and the future. included in the pambayaran system. as for bitcoin it's also very useful for online transactions and long-term later due to correct what you say that bitcoin will be brighter compared to the actual gold.

When an asset gives you 1,500% returns in 18 months, you can naturally expect noobs to jump in. Everyone dreams about getting rich one day. It is not a crime. The chances are quite low (may be less than 1%), but even then it is worth going for it.

I'd argue that Bitcoin is both in this case and right now. I'm certain we will always have Bitcoin and that whatever comes after that will act more as the cash of the internet will also be paired with BTC. It will be the safest ledger and blockchain that we'll have throughout time most likely and that will be what really matters. Bitcoin is the standard and the protocol that all others will follow.

Bitcoin is digital cash. Digital gold is something called as ETF, where it is traded on exchanges and regularized by government. Gold is also available physically, but bitcoin wouldn't be available physically for you to exchange.

Bitcoin can't be touched, that's true, but bitcoin mined the same way as gold. Even Satoshi Nakomoto was explaining the idea of bitcoin making analogy with gold in far 2010 year:
"As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties:
- boring grey in colour
- not a good conductor of electricity
- not particularly strong, but not ductile or easily malleable either
- not useful for any practical or ornamental purpose..."

By my opinion bitcoin is both, currency and gold, but it took just some characteristics of this two and completed it all together in it's unique nature.

I think that it is both. If you are think of "Gold" as an investment then you are right as many people are investing their money into Bitcoin. And also it is a form of digital cash/currency in which many online shops now are accepting it as a mode of payment together with some well known payment methods such as visa and Paypal. So I don't think that there can be an argument with this one as it can be both, people who can either spend or invest in one currency is possible according to their personal needs.

precisely, the early emergence of the bitcoin I presume that this also as a much better asset to any investment. Seeing from the technology that brought and also the ease with which they provide, provide a lot of great opportunities for all people to use it. so then the price will be much higher and it is almost the same as investment gold. However a much more aggressive and bitcoin also we have to be ready mentally so as not to get a lot of pressure which will make us have many disadvantages.
 

Both of them, I think because we can use Bitcoin for both of purposes of Gold and cash. Bitcoin is really usefull for my life.

Bitcoin can be called digital money, but you can not call it digital gold. Gold basically serves as a measure of value. Bitcoin does not perform such a function, and in connection with its virtuality, that is, the lack of materiality, it is possible that it can not perform this function. At the same time, I believe that bitcoin can perform the function of a measure of value, that is, a kind of digital gold for alternative crypto currency.

Bro, please dig any old topics are thread which has comman question and already answered. Then, your assumption about this is wrong. If you are better to invest in bitcoin related businesses it would consider like gold for you.
If you earning in bitcoin related business and just converting into fiat or use as it is regularly means you can consider as digital cash.

It is morelikely as a cash but considered as gold or treated as a a gold by the majority.

Bitcoin is digital cash but many people call it digital gold

to me i will say that bitcoin is a digital currency. because now we are able to use bitcoin for buying and selling online. we can use bitcoin for everything to buy online. but in future i am sure that bitcoin will use as fiat currency because in present time bitcoin is already use as for shopping in local shops and the shopkeepers accept bitcoin for shopping there.

I will little disagree with you. Bitcoin is digital diamond than gold. It’s more precious than gold. Both bitcoin and gold are serving as means of payments and exchange of goods. I believe soon the whole world is going to deal in bitcoins. Its abstract nature makes it easier and safer to use.

Bitcoins right now is be considered as digital gold because bitcoins can be mined is like real gold, but some people consider bitcoins as digital asset because bitcoin's price is always increase day by day. Bitcoins is not digital cash at least at the moments, there are fees transaction sending bitcoins for payment, it is trouble for small amount payment.

Bitcoin is a digital gold due to its limited amount and deflationary feature. Its slowness can't be used for real time trading. But it represents the value, so it is digital gold.

Interesting topic! I just read the book "digital gold'' by Nathaniel Popper and some pioniers in crypto are giving their opinion on this subject. Most of them seems to think of bitcoin as digital gold, which I think is just fine, as long as this project stays decentralized in the long term.

I am not agree with this statement that bitcoin is a digital gold. For the claim of my decision I would like to mention that if you noticed gold has reduced its value although if some one just hold and do not use it. but bitcoin is different its price is growing with the passage of time. Buying gold is just saving your money, while investing in bitcoin is business. You can earn money with bitcoin and not in gold.

I consider bitcoins as a digital gold because of the limited amount and can be used as an asset to be profitable in future .
Bitcoin is also an online cash ( digital currency) as people use it to buy in online sites like games on steam and other things .
So we can see that it also depends on person to person that they want to keep it as a investment or as an asset .

Let's say it's a digital of combination of the two the hold and cash, cash as we can do pay and make transactions online that needs to be paid instantly and as a gold since gold is good for long term investment. Btc can perform well in both categories.

Well as for me should I say both can do, nothing is for sure but in a long run also I can say it is also one of the best assets to be stored, I didn't even used it as for my day to day currency and in daily transactions, but who knows maybe someday we can officially use it.

For me bitcoin is digital cash because you will just convert it and you can cash it out right a way in a bank.
Bitcoins are like cash which can be used in different transactions.
Not just like digital gold, you need to process many papers and things in order to cash it out. Bitcoin is way convenient.

i think Bitcoin is The Digital gold that can use as a digital cash to payment some thing in Virtual world , and i make prediction , in future BITCOIN can use as a payment to pay our rent apartement , and some household needs ..

I see bitcoin more as gold than cash. However, if the idea of spending Satoshis gains more recognition, it could be used as cash for small, everyday transactions. It can certainly be used for large cash transactions right now.

I guess that bitcoin digital gold becausr her price so increased nowadays and he can change the life of some people that's why he is like gold and maybe he will be better than gold on future on my mind it's so good to invest on bitcoin .

Bitcoin can be considered as a digital form of gold but it is much more than that. The technology it utilizes is revolutionary and will change the way we make payments.

Bitcoin is a unique currency
Because the digital currency is not created,but found as gold that has a real form

Bitcoin is both gold and cash because you can use bitcoin to buy things either online or offline, if you are using it offline or in physical world then you need to find a seller that accepts bitcoin. Bitcoin is also a gold because it is a great investment just like gold that the price of it goes up as itself goes older.

As you said, it shows properties of gold and cash.
Bitcoins is given the title of digital gold. It’s just one of its name. People think that gold is very precious. To give this feeling to people regarding bitcoins, they attached the world gold and as it is in digital form, it became digital gold. Bitcoins is simply a crypto currency that is very expensive and beneficial. If I say that it's my black diamond, it simply means I am praising its beauty.

Neither! The BTC is revolutionary how paper money was in the past. Economic technology always evolves and BTC is the new commercial technology that differs from gold and money. For these reasons the BTC is the Market of the future.

Actually, I think bitcoin is a digital cash because you can use it in different kind of transaction and you may also use it in offline store. You can also say bitcoin is a digital gold because it has limited supply and some people say that bitcoin is an asset that you could gain high income.

You can simply say that bitcoin is a digital money or cash. Some country already consider it as money and they also use it in different transactions like paying bills and many more. Furthermore, I think bitcoin will become our future money that you may use even in offline store.

reality I very much doubt that the crypto currency will be available to the general population of the planet. Of course, the future for advanced high technologies and the digital currency will prevail in the market. But I do not understand how It will ensure everything is needed in certain spheres of human life. I understand that it's your investment and saving your income, but it's not a payment for a retail product.

Bitcoin is a digital cash or currency because some people use it in transaction. In addition to that, bitcoin is the new currency and many people says that bitcoin will be our future currency that be widely accepted in other country. I hope it would happen because I believe that bitcoin is our future money.

I do not completely agree with op's post. I said not completely so I am somewhat convinced but I have some of my point of views too.like I do not think we should always compare new stuff with either gold or cash instead I think crypto currency can be the new categories. like we can now say the product x is suitable with gold, cash or crypto currency. that will make lot more value than just discussing on its dividend. Gold and Cash are used as a Measurement unit so let's use Bitcoin on that scale too.

Bitcoin is more like digital gold as the value keeps changing from time to time I consider it as digital gold as it a form of asset with benefits

In my opinion bitcoin is and can be both digital gold and digital cash. Cash and gold have many similarities and they both aren't that different. Bittcoin is a secure store of value, and at the same time a medium of exchange that is used for payments. The community needs both and bitcoin is an excellent solution.

Indeed that's true. It depends on the way one makes use of it or one uses it and it varies from person to person. I myself use it as an investment and in that way I can say it's like gold for me. I use it to buy some sort of services too so it's currency too for me. So in my opinion based on my personal experience and usage I can say it's both a currency and digital gold too.

Bitcoin is both digital gold and cash. Bitcoin is advanced gold since its esteem is continually going up each year and we can see that and it is digital gold in light of the fact that plenty of stores from the diverse parts of the world effectively acknowledged bitcoin as another sort of installment technique when you are purchasing things or administration to them. So there is presumably that bitcoin can digital gold and cash.

Yes, It depends on how you plan to use your bitcoins, if you are planning to invest and hold until you reach your desired market value then you see bitcoin as gold , but if you are using and earning bitcoins monthly or maybe as frequent as you need then you are using it as a digital cash, it is all based on our preferences nevertheless at the end of the day we all know that bitcoin is a valuable resources as much as cash and gold.

It's neither, but it's more gold that cash. It's not cash, you can't spend it everywhere, carry it round with you etc. It's classified as a commodity, it's mined, limited supply etc. so it's more similar to gold. Gold will always have a value though, as a precious metal. Bitcoin does not have that security.

Hi, You can use Bitcoin how you want.
You can save Bitcoin for your bright future as well as you can buy your daily Pizza or Sandwich buy using Bitcoin.
Its totally depend on you, how you treat Bitcoin. My view is Bitcoin is a commodity money like gold.

Have a great day :)

In my own opinion, I think bitcoin can be called as both digital gold and cash. Because bitcoin is a very much advanced gold since it is continues and is going up each year, people can also see that. And it can also be called a digital gold, because of the fact that some of the stores effectively acknowledges bitcoin as another sort of installment type of technique.

Proponents of Bitcoin as ‘digital cash’ place more emphasis on the accessibility aspect, arguing that its transaction fees should be low, whereas proponents of Bitcoin as ‘digital gold’ are more focused on its security, arguing that this should not be compromised by efforts to lower costs.
In my opinion Bitcoin is and will be both: digital gold and digital cash.

Bitcoin is a digital gold, It use to store of value and payment system. Most probably I choose store of value. Gold is not much compared to digital cash. Because it will more high profit. Digital cash is a easily to access in any area.   

Whatever you believe it to be,  gold or cash,  one thing is for sure, bitcoin has value , has price which can converted to real cash. So when you have cash, you can buy gold. So back to the question if bitcoin is gold or cash,  my answer is it can be both.

Bitcoin has to be digital gold because gold has a limited amount and it has been good at keeping it's value over time. However, we certainly cannot say the same for FIAT money, can we?

BitCoin is a valuable investment tool. the most important promises the future. there is a side that sees the oppressive sides of the system and nobody can stop it. countries have to keep up with it. it is now more valuable than gold. digital gold can be tried. The golden laying chicken can also be tried.

Bitcoin is a digital cash, because i know many of my friends that are working now with some companys and they pay them so good this is why i'm here and i will try my best to work and get money

Bitcoin can be both digital gold and digital cash. You can save it long term like Gold or you can spend it like cash, but spending it is not recommended right now because if you buy and hold it that will gain in value over the years.

To my understanding it is more of a digital currency because that was the original arm of creating bitcoin. But later due to high demand for bitcoin its value skyrockets and made those earlier investors to have made a lot of money which has made many people to believe that bitcoin serve as a store of value, though I don't blame them on their conclusion. 

You don't even have to wait for years any more per the recent rates of increases in its value. I also think it's both a gold and a cash depending on how you relate or apply it in your life. I certainly treat my bitcoins as my investment and then I spend some online like cash on some important apps and softwares.

By my opinion, bitcoin is and will remain both, namely, digital gold and digital money. Bitcoins vision came from the cyberpunks movement, which for two decades stood behind the development of digital money, also called digital gold. These two concepts are much more similar than may appear at first glance.

Bitcoin is both digital currency and asset. Bitcoin was originally created as a digital currency that is fast, secure, and decentralized. Bitcoin is peer to peer electronic currency that can be use globally without borders, boundaries or regulations whatsoever. Bitcoin is better than traditional fiat because it's digital, fast, secure, cheaper transaction fees and acceptable worldwide. With bitcoin, sky is only a starting point. ;D  

Proponents of Bitcoin as ‘digital cash’ place more emphasis on the accessibility aspect, arguing that its transaction fees should be low, whereas proponents of Bitcoin as ‘digital gold’ are more focused on its security, arguing that this should not be compromised by efforts to lower costs.

In my opinion Bitcoin is and will be both: digital gold and digital cash.

In my opinion. Bitcoin is neither digital gold nor digital cash because bitcoin is digital diamond and is the strongest digital payment system with the longest shelf life online digital asset because bitcoin is platinum.

Bitcoin is both a digital gold and a digital cash. Well, not really cash, but a currency. We usually refer to cash if there is an object used as an instrument to represent the value of something such as fiat. It is a digital gold because it can be stored and left for a year or two to have its price increased several times. It can be a digital currency because it can be used as a form of payment.

bitcoin would behave closer to digital gold than digital fiat, given that bitcoin and actual gold share a lot of the same qualities. limited supply, deflationary because of this. fairly liquid in most markets. and if you use small enough transactions, it can even be anon. fiats have an unlimited supply but are supposedly good as the government that is issuing it.


the main difference between gold and bitcoin comes back into play here, the fact that bitcoin is not physical and has no utility outside of a way to pay people. in this way it actual resembles digital cash the most; it is more accepted online (the most likely use of digital payment mediums) than gold (you basically have to convert it).

Without a level of utility value, bitcoin cannot be a store of value

Bitcoin is created as a digital cash and offers solutions  that fiats cannot offer. Since then it was surprising that the value of bitcoin is in an unprecedented rise that its price even surpassed the value of gold. Many big time investors are now keeping bitcoin as it is like gold.

During the upcoming November fork, it is assumed that bitcoin spontaneously splits into two parts: one bitcoin will have more function as a means of payment, and another - a function of storing values. Then, let's see which of them will be responsible for what and what will be. Now bitcoin is on the way to big changes.

It seems it wasn't that long ago that it was trumpeted as both gold and digital cash. With the scaling debate and fee increases though the digital cash angle has taken a backseat to the digital gold narrative

Where bitcoin is really powerful it is far closer to gold. but i think it is digital equivalent to gold.

I think this is a digital gold because the value is high and still increasing like gold because cash is not increasing sometimes its increaaing but it is to low compared to bitcoin so for me bitcoin is a digital gold.

Bitcoin is both digital Gold as well as digital Cash. It posses qualities of both currencies. Gold is used as an asset or mode of investment from centuries. Gold is widely accepted irrespective of national boundaries. Bitcoin works on the same platform, it has wide acceptance, and if you see its price graph it is a successful asset. Cash is a world currency; almost every country has its own fiat cash. Bitcoins can be used as a currency in day to day transactions but it requires basic infrastructure like mobile, internet etc. That is why it more popular as an asset rather than currency.

Bitcoin is a digital cash and it can be used easily as a crypto currency. I guess these crypto currency will be too my popular after a certain time when cyper security issues will be taken care off.

for me bitcoin is digital gold, because I don't use it as a cash yet, but I use it as an asset...

I agree on your opinion that it depends on how everyone as an individual makes use of bitcoin and it can personally see and use as something that can be seen as gold. But on my opinion, I think its both digital gold and digital cash because you can convert bitcoin as local fiat. And you can use it for investing on bitcoin related bussinesses or on trading on another cryptocurrency.

At first, I was thinking that bitcoin is a currency then I changed my mind. Bitcoin turned into an investment instrument such as gold and silver. Its price goes up and the investors earn money from it.

Proponents of Bitcoin as ‘digital cash’ place more emphasis on the accessibility aspect, arguing that its transaction fees should be low, whereas proponents of Bitcoin as ‘digital gold’ are more focused on its security, arguing that this should not be compromised by efforts to lower costs.
In my opinion Bitcoin is and will be both: digital gold and digital cash

I see bitcoin as a digital money that we can use for paying for online services if we accept bitcoin as a form of payment.

Because of the price increase of bitcoin, it became more of an asset than a currency, a digital asset that surpassed the price of gold.

some country cant pay using btc so i will go for vault because the price increase so it cant be use for payment need to change to currency to use for payment...but some can because so will be both for country that can use

Since bitkoyn performs the function of a means of payment and is a measure of value, it is uniquely a digital money. As for the question of whether bitcoin is digital gold, this concept is rather relative. Bitcoin can be considered as digital gold in the sense that it, like gold, performs the function of storing value. Moreover, due to its shortcomings, bitcoin is less and less used as a means of payment, and given its very high cost, it is increasingly being considered and used as a means of storing value.

Ideally it should be both. But the high fees is hindering its usage as a payment medium. So I would say that Bitcoin is an investment asset which can be used to store your wealth, while other cryptos such as Bitcoin Cash and Ether can be used both as a mode of payment and as an investment asset. The last time I checked, there were around 180K unconfirmed transactions in the Blockchain. It is going to get worse.

it doesn't work for bitcoin to be digital money...transactions simply take incredible time...so at the moment it plays out the role of digital gold

Bitcoin is both the store of value and a payment system. People can use bitcoin in a form of currency or an asset to store for long term.

I agree with the things that are mentioned. Bitcoin is both or either a digital gold or digital cash. It can be considered as a gold because of its expensive market value which makes it a good asset and investment. It can br called as a digital cash since in the first place, Bitcoin is a digital currency.

Well, for me, on my opnion, I have the perspective that bitcoin can come to be both a digital cash and tend to be a digital gold at the same time. Because for me, bitcoin has already catered the characteristics digital cash and digital gold possesses. It is a digital cash because it is a currency type version of our current money in terms of virtual aspect and a digital gold in the other hand because of the price value that is somewhat the same as gold since the price is fast growing.

I am with the majority of the voters saying that Bitcoin is a store value as well as a payment system. The core values of Bitcoin says that it is a payment system with the better benefits as compared to that of the traditional model of payment transfer but to transfer the value, there must be some value for the units and hence the mutual trust of the bitcoin users community believe that it has some value stored in it and willing to pay a certain amount to buy or transact with it.

I am leaning towards Bitcoin being both digital gold and digital cash. As what have been stated in the previous thread, Bitcoin possesses a dual characteristic that is unique in both assets. It is digital gold because just like gold, its value is highly dependent on its supply and demand. On the other hand, it is digital cash because just like traditional cash, it is accepted as a form of payment. In the same vein, gold is no longer acceptable as a form of payment because such practice has long become obsolete. So you should see from here that it can be argued both ways.   

Bitcoin is like a digital and a digital cash i can explain it . bitcoin is like a digital gold because the value of bitcoin is so very high and the demand is limited like gold so thats why the demand is so very high and second bitcoin is like a cash because you can convert it into real money to buy something.

Bitcoin isn't a digital gold it's a digital currency.But i think Bitcoin is more than gold its a valuable currency in the world.

In my opinion, it merely depend on the person on how he make use of bitcoin. I said so, because when I use bitcoin for transaction payment then, it is a digital cash while when I keep it and invest it, I can classify it as Digital gold because of its increasing value. So, it varies on how you use it.

it’s digital currency like real cash money but can see it only using laptop,phone,...........

it’s value like gold only 

Bitcoin is digital gold, everything of bitcoin is closely the same as gold, its limited like gold but bitcoin is faster in term of transaction time. Cash value is not growing thats why bitcoin is not digital cash.

Bitcoin is virtual gold and cash/currency /investment..easy to carry send & receive

Bitcoin is a coin in the internet or we can say that it is our owned. Bitcoin is the asset that can you keep either sell.

Digital cash and Digital gold is almost the same.

Digital cash was a cash like a fiat that can you use as payment and also bitcoin can do it.
Digital gold is a gold that can you keep and the price was expensive in the longer of time but bitcoin was not because bitcoin is not stable but it is the same as gold because of number supply.

They are the same, gold and cash was use as payment. gold was use as payment before and cash was the present use for payment.

Bitcoin is both Digital gold and cash because it can be used for normal transactions and it can be used as a store of value

Bitcoin its a digital currency not digital gold, Bitcoin have a high value that use for exchange for money.
I you have bitcoin even if 1btc only it is a big money for me.

For me bitcoin is digital cash. That you can pay through online and something that has to do with internet. Bitcoin can increase its value that hasnt get from any one.  Its a secure and online procedure . Its cant compare to gold. When the time comes bitcoin will be gold. And her value be increase rather than gold

Digital gold, for sure. It's great to store the value, but awful as a mean of payment due to low speed and high fees.

It is payment instrument, not gold not cash :) And actually it is very good that bitcoin and other altcoins are unique as a separate type of payment.

Bitcoin has many functions, can be used as a means of payment, can also be used for long-term investment.

Bitcoin is valuable digital currency or equal to digital cash and its value increasing regularly so we can store/hold as a asset like gold.

Bitcoin is a digital cash because if you want to bitcoin payment it will get you in cash not in gold, so if you have bitcoin you can achieve anything and also you have much more gold, but if you invest in gold it will risky for you because gold price is not going to high fast as like bitcoin, so bitcoin is much better than everything.

Its not a gold its just a Diamond Believe it or not i am really shocked when i see the last 1 year btc graph dramatically change . stop thinking and lets run for digital diamond Btc .

To me, bitcoin is a payment system with many benefits that the old billing system has been overloaded and stagnant. Bitcoin with blockchain technology brings new wind to the payment systems. Sadly, most countries in the world still do not accept bitcoin and crypto because they fear and do not want to change their ingrained system.

IMO, Bitcoin isn't that much potiental for newcomer to invest anymore. Til the moment that it dropped price from 19k5$ into 13k only in 3 days already improved that how bubble it is.

Bitcoin is indeed a digital currency that can consider a digital cash. Gold is gold physically but will never be as a digital gold.

Bitcoin is valuable as gold now. I think bitcoin will continue to grow as both and payment method a store of value for communities. For me, it is a store of value and I prefer to hold BTC for future as digital gold.

I think you try to say that bitcoin is used for currency or payment system, but most of people use bitcoin only for investment. It means it is more suitable to store of value.

The question whether Bitcoin BTC ought to be digital cash or digital gold represents a false dichotomy: it can be both a secure and accessible form of money. By embracing modularity, the main Bitcoin blockchain can act as a maximally secure settlement layer, while second layer payment channels serve as pipelines for fast, high liquidity transactions.

Bitcoin is just a digital cash and not a digital gold. It could only be called digital gold if it is backed up with gold in real world. Even though it can buy gold, it only has subjective value.

On my opinion I think that, It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. In addition, It is interesting how the marketing has changed over the years. And it seems it wasn't that long ago that it was trumpeted as both gold and digital cash. But I also agree on your opinion that, it is an value storage token that has got the similarities of digital gold. One thing that makes it better than the digital gold or digital cash is it's evolution within the system or technology unlike the commodity value. The value has now getting closer to gold and soon it would cross it growing big.

I think that it can be both, but the right moment to use it as a cash is very complicated...so it's digital gold for me

This is a common secret, bitcoin has many functions as currency, assets, and commodities. but bitcoin less suitable to be used as micropayment, because problem of transaction fee and transaction speed which need to be reviewed. Thus, bitcoin doubles as digital gold and digital cash.

Bitcoin is both a digital currency and a store of value too. Bitcoin can be use to as a currency to send payment from one person to another. And also bitcoin can be stored of as commodity for long-term for the value appreciate and then sell it later for profits like gold.

Bitcoin is digital cash that has special terms on how to use it properly.

The learning curve amazes me because of how unique this property is compared to other established ideas blooming these days.

After getting far into this, many benefits find use. Don't just spend cryptocurrencies, put them into swing.

I think you never send bitcoin from one wallet to the others so thats why you say that bitcoin is fast.
I agree when you said bitcoin is dynamic or fluctuate but bitcoin is not so fast if we use it for currency.

In fact, there is no fundamental difference. What does it matter how to call it, if in fact bitcoin does not change its properties because of this, right?)

I think, creating profits like storing bitcoin as an investment and selling it when the price goes up is similar. so bitcoin can be a digital gold for investment or digital money for transactions ...

You just pay in fiat and the restaurant receives fiat, you're just exchanging coins from fiat with your cc card issuer.

Both the bitcoin is a digital gold since it represents that they are the always number one and leading electronic coin in field of cryptocurrency and the digital cash which will provide you a better life.
Bitcoin can be used in all means of tranasaction which helps everyone to become successful.

Bitcoin is digital currency. It's not gold  but more goldy than gold.

For me it is a digital gold, because bitcoin has a high value than cash and we know that gold has a more or high cash value thats why I said that bitcoin is digital gold.

bitcoin is digital gold, because in bitcoin you can buy or sell bitcoin like a gold

Bitcoin is the currency for a very open and dynamic future, this transaction is very easy and fast *

Bitcoin is a digital gold since it is more expensive and lots of usage. Bitcoin is a gold not only in price but signifies glory along its journey.

Bitcoin is digital gold since its value is more valuable than ordinary local money and it always increase the value of it.
In the same manner it is a digital cash which have a monetary value that you can used in all means of transaction to promote convenience to everyone.

I do not know what bitcoin is, but he's not gold nor cash, but can use more income and gambling.
I do not have a bitcoin yet but I'm paying for it.
On the internet just because bitcoin can be used, when there is no internet bitcoin as well.

For me its both, soon using bitcoin in bills and other payments will conceptualize bitcoin as cash and the possibility of profit just by saving bitcoin only means it can be slightly considered as gold.Gold is not a currency and it's just a form of material having precious value and established to be having a price which is sold to the consumers and most people liked to use it as jewelry and collection as well as investments. Digital cash from bitcoin is profitable and can be used for daily living which is for our spending.

For me, bitcoin is a digital gold and currency because bitcoin is minable the supply is limited and it has stability like gold. On the contrary of what people think, bitcoin has infinite supply. All those altcoins popping up every day are side chains of bitcoin. They do exactly what bitcoin does. So bitcoin differs from gold in this matter.

The thing with bitcoin is it cannot be boxed as only a kind of digital cash because more people are considering it as an investment so it is as well a store of value.Nothing in the world is anonymous, with the currently technology some countries have they can discover anything about anyone if they want and I think it's not a advantage of BTC as it's inexistent.

When Bitcoin just started, the people that were using it didn't really know how expensive Bitcoin would be mostly because they didn't know how many people will be using Bitcoin for payments.Maybe bitcoin is a combination of both, so can be said bitcoin is cash and gold money depends on the use.

We can say it can be both thing when it comes to bitcoins.Bitcoins has the price high like gold but not totally leveled with gold itself. There is no inflation in Bitcoin and I can guarantee that the prices will always go up.Unlike the bitcoin where at will have tremendous possibilities.When a person already know well bitcoin, then I am sure when they make investments accounting for or already full with ripe then luck or great profit will always be obtained

Bagi saya keduanya, segera menggunakan bitcoin dalam tagihan dan pembayaran lainnya akan mengkonseptualisasikan bitcoin sebagai uang tunai dan kemungkinan keuntungan hanya dengan menabung bitcoin berarti bisa sedikit dianggap sebagai emas. Emas bukan mata uang dan itu hanya bentuk bahan yang memiliki nilai berharga dan ditetapkan untuk memiliki harga yang dijual ke konsumen dan kebanyakan orang suka menggunakannya sebagai perhiasan dan koleksi serta investasi. Kas digital dari bitcoin menguntungkan dan bisa digunakan untuk kehidupan sehari-hari yang untuk belanja kita.

It can be called digital gold. Gold value changes over time, so is the bitcoin. Its more than just virtual currency. It gives us opportunities to earn more and different ways.This is a coin and payment system. But now I use more bitcoin for investment. I buy bitcoins and just hold them, then to sell more expensive

with the decline in bitcoin prices this does not mean this bitcoin will end, the game stock investment is like this, there is up and down. just follow this now with the state of this bitcoin down. precisely this is the right time to buy this bitcoin, until bitcoin up again then we sell back and finally we get a more certain profit.

Depend on the person that will use it. I know some people that are just using it for paying bills and other stuff. Some use it as an investment and some think of it as real money which is just like fiat. I also agree that bitcoin will not be the classic currency because there is a lot of altcoins in the market that are keep coming which they improved some of the features of bitcoin.

Responses such as this really expose the flaws of this poll. By comparing bitcoin to gold and cash there must be some qualities of each that you must be talking about. Are we talking about exclusively gold as value storage and cash as a payment method? If so, then you are right about bitcoin becoming more like cash eventually but being like gold in the present. Your point about inflation does not really make much sense, however.Bitcoin is still treated as a commodity in etf proposal, I agree with you but if seen as an asset, bitcoin is more towards digital gold, this is my personal understanding though the fact is bitcoin is a very flexible digital money.

I think bitcoin is both a storage value and a payment system because bitcoin brings us extra revenue, its value is changing over time, and many shops now support bitcoin payments.

Bitcoin is the currency of a very open and dynamic future, this transaction is very easy and fast.
So also with our future will be better and will change drastically

Right now its digital gold... lok at the hih transaction costs...

  Bitcoin is a digital gold and it is a store of value and payment both have the same value.Bitcoin is an asset and it will become valuable in future Bitcoins has many ups and downs in crypto market. the bitcoin asset is a good investment because of the growing world of digital decentralized currencies Due to the decentralized nature bitcoin is transacted in electronically and no middleman is involved in the transaction of Bitcoin.To my opinion Bitcoin is an asset 

Bitcoin can be gold modern currency or modern cash. This is a payment method that we can spend or save.We can spend the way we are happy. However, it is important to know that Bitcoin will not be gold, but in the future, it will be just gold. Or will accept digital cash And digital gold or cash gold is only when it is transformed into a good asset day by day.

Bitcoin can not literally lose cash, but it can be reduced, And because Bitcoin is considered as an asset, so we can call it gold or cash, as we can say Bitcoin is the digital gold or digital cash.

Interesting question, he introduced himself as digital cash, but after 10 years we see that we can still very little use it as such ..

For me it is a Payment service or digital cash and also called the world's first decentralized digital currency. It is according to the European Union. The cash is according to the Transportation Security Administration and the Financial Crimes Enforcement Network.

Bitcoin has a lot of uses. If you are buying a penthouse in Dubai for Bitcoin, which they are selling right now whole apartment blocks in Bitcoin, then  it is cash. If you're saving Bitcoin for a rainy day or to pay for your kid's college fees then it's a store of value. For others it is the technology that is useful as a transaction ledger. It all depends on what you use Bitcoin for. So I voted for the it depends category for now as it has a lot of uses for many different people.

It's just a matter of high transaction fees and long waiting time for confirmation, making bitcoin less suitable for micropayment tools. So its function as investment and commodity is more prominent. In fact, bitcoin can play a double role, as digital gold and digital cash. It's only a matter of time until they can be effective.

This is a digital platinum, When on earth there will be 21 tons of gold, then its price will grow in seconds as now at Bitcoin, and while Bitcoin is ahead of gold, this is the future!

I think  bitcoin digital cash because we can use bitcoin for buy a item or anything dont like a gold but we can trade bircoin to gold but i think bitcoin is digital cash because we can get item without change to gold first

bitcoin is digital money on the internet but in the future, we can use bitcoin as the money in real life and we can use bitcoin as a long-term investment too. but for now, I think bitcoin is only available on the internet and we could still use bitcoin for buying something although not every country allows us to use bitcoin on the real life and on the internet, we could still use bitcoin by free.

Bitcoin is a decentralized currency that allows you to send money from one person to another without involving a bank. You only need your computer or cellphone to make transactions. As the world's leading cryptocurrency bitcoin continues to show as how relentless it is. Even after its most recent volatile rally bitcoin continues to defy the bubble rumor.

It depends on how you see it.In the trading world first it was digital cash and now it's digital gold because of its value.well it can give gold a fun for it's Money that's for certain.

In would like to say that bitcoin is a digital cash because if we say that it is digital gold so it will be the form of gold and gold is universally acceptable having a good trust over it. Bitcoin is the digital cash and we can use it for many transactions like the payment system and the online transfers of money therefore it can be said that it is digital cash not digital gold.

The bitcoin is a digital gold and cash becase you can used it in all kinds or means or transaction in our industry and it has a unique feature like gold which is not subjected to inflation of the country.

Bitcoin can be a safe and accessible currency. By implementing modularity, the bitcoin backbone will act as the most secure settlement layer, while the second layer payment channel can be used as a channel for fast and highly liquid transactions.

Its a digital cash and somehow a digital gold that keeps on rising in a particular a digital cash that is use to send payments or do make a transaction or transferring of informations by the use of blockchain which is an open source ledger.

I think there are similarities with gold, but it's not digital gold, it's digital cash as it's money used to buy anything other currencies can buy.
What makes persons believe it's digital gold it's because the bitcoin is profitable on long run, like gold, while another traditional currencies are very stable or are dying on long run.

If I bought a cup of coffee for Bitcoin, is it comparable with the money?
  I think so, so bitcoin is an alternative means of exchange!

Bitcoin can be termed as either of the terms, bitcoin gold or digital cash as this is something which can help you in having a huge amount of money and that too in no time. In addition to this, bitcoin is also a very good way of investing money and that it can help you earn more profit, in fact far more than any other investment too. No matter what you call it, bitcoin will always help you in having more money.

Bitcoin can be determined either of the two, a digital gold and a digital cash it can be. Bitcoin is a digital cash because you can change it to a real money and bitcoin also is a digital gold because, it is our gold right now. Bitcoin is our gold that really can help many people and can really help make their lives better than before. Having bitcoin is really great because it can help you and support you for everything.

It is indeed like gold that could be also use as digital cash so the answer is both. Since bitcoin came across all over the world and gain its popularity and how people embrace bitcoin the result is that it became a digital cash that its price will go high in the period of time. This is where people got the interest in investing bitcoin and thus make alt coins for bitcoin (since bitcoin price is high). These alternative coins are being modify with the accordance on how it is being used or back up. Some altcoins are back up by real estate property and some are on the fundamentals of life like education. This is where I believe that bitschool does it all when it comes to education. By using the latest trends of education which is the E-learning that corporate with the latest technology and education. Bitschool is widely known since many of us here would like to learn specially in the world of cryptocurreny. If you wish to know more about Bitschool you can visit their website and their you can find interesting things in education. Just click the link provided below:

https://www.facebook.com/BitschoolAI/

I do not think it will outperform gold because Bitcoin is currently a growing coin and in the future, it may be developed as cash next to it. Bitcoin in the future can also become real money is accepted by many banks. But money is the most used nowadays and to beat it is very hard.

You can't compare bitcoin with gold nor with cash. It have there own principle and much difference than a gold.  It is a digital currency or i should say internet cash since there's no form of bitcoins. I mostly use it to make instant transaction with low fee. If we look bitcoin as money it become good since its a profitable currency.

This will create mor millionaires in the future that is the way it will affect the future investments. The bitcoin is very potential asset as we all know. Many projects are being made on the basis of bitcoin and it is no way going down in the future. Just imagine price bitcoin reaching hundred thousand dollar would be precious day in lives of people who are holding coins which are bought today.  This will definitely boost their wealth by hundred to five hundred times as compared to today's investment. So it's really a good approach and we should also get engaged with bitcoin investment. The fate of bitcoin is not decided by anyone, it is on its own and looking at the current potential bitcoin looks undeniable investment for long term investors. The reality will be rewritten in the future if bitcoin works like this forever and keeps growing in the time.

I for example earn on кpиптoвaлютe already Long enough and Yes there were moments that lost, but basically won

Bitcoin Is a Digital Currency.

Another example. I'm in Moscow and I have a bitcoin for $ 5,000. You're in Khabarovsk and I decided to transfer them to you, via the network.

it depends how people use it and where they are really live (which country). because in the some country, bitcoin and other kind cryptocurrency is illegal for Payment system. bitcoin is also less precise if called digital gold, because gold can be regarded as objects that have a prestige value to show to others. it goes against the bitcoin that we can not even see it. after considering from the function and location of my stay. bitcoin is more worth mentioning as a digital investment asset

yes, it is far from gold although gold has physical form but bitcoin with the expensive price will be digital gold in the future. maybe bitcoin is a gold in the online life and so far, many people still want to buy bitcoin especially with the price now is down too deep. like gold, bitcoin can use for any purpose but the difference is people still know gold than bitcoin and they still believe to save gold than bitcoin.

Bitcoin is not a digital gold but rather digital cash. Not just because bitcoin price can be differentiated with the value of gold. From the term bit ‘coin’ it means it pertains to cash or coins not gold. But bitcoin can be compared too to gold because in the future the value of bitcoin will be equal or higher than the gold.

How can gold be digital? OK, I can even admit that cash can be digital. However, I suppose that cryptocurrency is something very different - it cannot be compared with gold or usual money. It gives more benefits.

more like digital gold, it never will be used as cash as it keeps being so volatile, besides people dont want to spend their btc because they think it will constantly go up in value. This was propagated by the community with stories like the one with the guy who paid 200000 btc for a pizza, these are hurting the markets right now, and the chance of it ever being used as money

we can buy, sell, invest and trade bitcoins so it is a digital money while we can also keep it for long-term as an asset like gold so it is a digital gold as well.

I'm really proud to be a part of this discussion, I think bitcoin can be both, it depends on which name would you use for it, for me, it is digital gold. yesterday I came to know that the rate of bitcoin is greater than gold, I would love to call it as a digital gold.

Bitcoin is the currency of the future is very open and dynamic, the transaction is very easy and fast.but Moreover what i am seeing concern about bitcoin is a future currency that is coming up to dominate others.So it is a future currency as we are seeing every thing clear.I don't think that there any currency in comparison with bitcoin now.

I think in general is tought as store of value which can be easily obtained and could bring immense profits.
Altough the transactions speeds and costs per transactions have improved dramatically, i believe that most people think of it as digitial gold and look for transaction crypto else where.

Digital systems owned by bitcoin have many advantages over others. Currently bitcoin is one of the pioneers of digital currency. Bitcoin is a system that makes the cash into a digital technology.

yes we can call it both because its very expensive that really we can compare to gold.

Call it digital gold or digital cash all is which calling bitcoin because it  is and asset and also a currency to be spend.

I think is bitcoin is digital gold.

For me, it is a digital cash because its value flactuate just like a currency of every country. The beauty of bitcoin is that it has a high value other than the paper money (dollar).

Bitcoins and gold have similarities in the sense both are earned by mining but bitcoin does not have physical existence as bitcoin is a peer to peer or network to network transactions carried out all over the world through internet. Both bitcoins and gold are limited in number but the demand is very high making it the most expensive materials in the world.  The price of bitcoins have crossed the price of gold. Bitcoin is highly volatile in nature and so no one will be able to predict the price changes of bitcoins in the crypto market. Bitcoins are the first digital cash which can be transferred to anywhere from any part of the world without a third party involvement like the banks.

Obviously digital cash and the ease with which bitcoin is more obviously very profitable and very useful for everyday life, and the value obtained is much higher than paper money (not just dollars, maybe all currencies), so many are hunting and search for it.

Bitcoin can be considered as a digital form of gold but it is much more than that. The technology it utilizes is revolutionary and will change the way we make payments.

I think bitcoin is digital gold. Bitcoin and gold have the same function of value reserve. Bitcoin is easier to carry than gold, but if there is no internet, gold is safer and safer than bitcoin, and gold will not disappear. We can see and touch it

Actually BTC is digital cash but it is also compared with gold. BTC was the 1st criptocurrency like it was gold a lot of years ago. So BTC could be named as digital Gold.

If you look at it bitcoin can be a digital gold for the purpose of investments in the digital world, while in the other hand bitcoin can also be considered as digital cash because bitcoin can also be use as mode of payment and exchange , this is how important bitcoin in thexdigital world.

Great question! I still think that bitcoin is able to replace gold, because now bitcoin is used as a means of accumulating values, and not as a means of transferring funds!

digital cash
he has a high price. those who equate it with gold - in a fraudulent way they try to attract investments.

For me it is firmly in the camp of being digital cash and nothing more at this time. Gold is a physical asset and Bitcoin so far has always been a virtual digital asset with no current way to change that definition

It is possible to say bitcoin is gold and even more so.
Some links on the communication channel bitcoin information in Viet Nam for reference:
https://blogtienao.com/dong-sang-lap-apple-wozniak-bitcoin-tot-hon-vang-va-usd/
https://blogtienao.com/peter-thiel-ty-phu-dong-sang-lap-paypal-bitcoin-gia-tri-hon-vang/

Bitcoin is both a digital currency used to pay bills and valuable assets such as digital gold used in hoarding and exchange.

I agreed. Depending on Bitcoin in each country. At this time, many countries consider Bitcoin to be digital gold, so it is very valuable. Bitcoin is not allowed to exchange, use as currency. But there is still a country like Bitcoin as a social evil, so it is nothing. But in many countries, Bitcoin is a technical currency, digital gold is trusted by the people.

I see bitcoin as both digital gold and cash. Bitcoin ultimately increase in value and will  be used to exchange for goods and services. The more Bitcoin achieve wider adoption the better for its usage and value.

For me i think bitcoin is a digital cash, because lots of bitcoin fanatics use this to earn money,and to gain more profit. I can say bitcoin is not a digital gold because unlike gold bitcoin have not a stable value rather than gold.  If bitcoin have a stable value maybe thats the time i called it digital gold. For now now may prefer to called it bitcoin is a digital cash.

Yes it will go on that predictions but if that the case, it can be exchange digital gold in goods? I think it can’t be because gold are seen only in real and can only get through mining. By the use of technologies nothing is impossible to be made but in digital gold, it can’t be used in the market.

For me bitcoin is digital gold than digital cash because on my place there are not many stores accept bitcoin for payment method, bitcoin be used for make investments into altcoins but i hope in the future bitcoin become digital cash on my place although it will takes​ much time.

Without value there is nothing, Bitcoin is digital cash, but once I see it rising above $100,001+ it'll turn into gold?

Some people say that it is digital gold because it increases in value and also it can be mined. But it is not. Bitcoin is a technology that you can store your money and may use it for payment. But it is way better than Gold. Actually, at this moment, the value of Bitcoin is three times more than a value of Gold.

Actually all of this its depend on the person in how he would define bitcoins in his own thought,but in my own knowledge i define bitcoin as a digital cash or currency because  there is no gold involve her,only a big figures of numbers,thats sometimes we called a digital system that evolve around in the blockchain market.

Bitcoin cash infrastructure and support have increased again this week as the firm Bitpay has added more BCH features to its merchant services solution.

I think that bitcoin is so much closer to digital gold! Because bitcoin is not used as a means of payment, bitcoin is used as a means of storing and accumulating valuables, like gold!

if digital gold, the BTC price should be more stable than the USD or EUR currency
but most people consider BTC as a savings for the future

In my opinion, Bitcoin is or will be digital gold and digital cash.
Satoshi Nakamoto referred bitcoin as "electronic cash" in the Bitcoin white paper, and later referred to Bitcoin as the proposal of Wei Dai B-Money (an anonymous distributed electronic cash system) and Nick. Implementation of the Nick Szabo BitGold proposal. In emails and forum posts, Satoshi Nakamoto compared bitcoin with gold and gold mining in six different situations.
Bitcoin can be used both as a secure value store and as a transaction medium for small payments. This solution is to accept and advocate an ecosystem with a division of labor. Each part of the system can arrange the various parts of the solution in the order of priority.
The question of whether Bitcoin is digital cash or digital gold is a false one: Bitcoin can be a form of currency that is safe and accessible. Through modularization, the Bitcoin main chain will be the most secure settlement layer, while the second-tier payment channel will be used as a channel for fast, highly liquid transactions.

In reality bitcoin is Digital Cash but it is rarely used as a cash. It is used as a investment opportunity and since people use gold also as an investment, we can relate to it as digital gold or digital investment. All in all, i think it is better than both cash and gold and has much better features.

cash is just same as gold, it has a physical form. i think bitcoin is more like a digital currency like USD, but formless.
bitcoin cannot compare with gold because the price is far from stable unlike gold.

if I think, bitcoin can be both, can be made storage of asset value and also as payment system. because the first time bitcoins are created, bitcoin is used to make payments easier, but the growing technology and price, many people use bitcoins for storage of asset values.
different from gold, the price is difficult to ride, and difficult to be used as a means of payment.

Bitcoin is the currency of the future, very open and dynamic, the transaction is very simple and fast. So this is the future currency, because we see everything clearly.
I do not think that there is any currency now compared to bitkoynom.

Bitcoin is a crypto-currency that can help you to get your freedom back from dirty central banking business and any government that plots to track your every movement and control you, It's more like a currency.

I believe so, that bitcoin is a digital gold and a digital cash as well. You can easily invest  as much as you can  and earn profits. A digital gold although it doesn’t have the actual form , it is still precious as gold. You can still sell it more than the value of gold. You can still use bitcoin as cash in any payments of buying things or paying hotel accommodations or even in food chain like in kfc.

Bitcoin is a complete payment system, this is how it was made and what it was intended to be, The fact it serves as a store of value with volatility and the ability to earn profit trading and hedging it is an additional aspect that does not change it's intentional purpose of a cross-border payment system with no restrictions and central authority.

It can be both since it in the end its value and function is based on its users though right now it is more of an investment because of its market value it is still a currency, its volatility just makes it hard to use as a currency now.  

In many countries it’s much easier to get cash for btc than cash for gold. But Bitcoin is not as liquid as it could be. In 5-10 years Bitcoin’s market will be comparable with gold. But today Bitcoin’s market is still limited.

I think it's both.because you can easily invest  as much as you can  and earn profits. A digital gold although it doesn’t have the actual form , it is still precious as gold. You can still sell it more than the value of gold. You can still use bitcoin as cash in any payments of buying things or paying hotel accommodations or even in food chain like in kfc.

Bitcoin is a digital cash or digital money that we can use or transact to any crypto investments. We can also use for payments to some other entities.

proponents of bitcoin as "digital cash" place more emphasis on the accessibility aspect ,arguing that its transaction fees should be low, Whereas proponents of bitcoin as "digital gold"are more focused on its security, arguing that this should not be compromised by efforts to lower cost.

in my opinion bitcoin is .and will be both: digital gold and digital cash

in my opinion, with a fairly high price like today, bitcoin may be more in value as digital gold in comparison with cash. In addition, the benefits of bitcoin are also used as an investment, just like gold.

Bitcoin is digital cash, but his potencial is very above then the gold, soo some people does use bitcoin to store value against their fiat currency, as well used for saving purposes as well investment at the same time. For me bitcoin is the digital gold, with amazing potencial to grow.

I think bitcoing can be called digital money or digital assets. Because bitcoin has a good investment value and a fairly high price. Why call digital money because bitcoin can be used to buy something.

Bitcoins are considered as valuable assets such as gold. The bitcoin algorithm can be considered digital gold because it carries the same characteristics as gold, silver, precious metals. However, gold has long been considered a safe haven for the entire length of civilization. It has been used by all cultures, of all ages, for value and has never fallen to zero in history. The value of bitcoin can go down.

Well i dont think bitcoin is either of this .because 90% of the people use bitcoins for earning ,that is sell the bitcoins when the price is high.Bitcoins being used for groceries is not being widely used,if used in this manner will change the face of the earth in many ways.

The beauty of bitcoins is that it can act as both those forms.
I think Bitcoin got the Gold Tag because It is something that you can preserve
That is if you believer in it. It acts as a market stablizer for the entire market.
so even if there are better more technology wise advance coins than bitcoins.
Bitcoin still remains the best because It is like Gold. It is also the Bridge between Fiat and other cryptos
And even if all the world leaders got together to make something better, people will still only trust Bitcoin more
so it has become something like gold even though It is suppose to be used as money so its really both  :)

well,We can say it can be both thing when it comes to bitcoins.Bitcoins has the price high like gold but not totally leveled with gold itself.It had characteristic of cadh which can be use in different payment method so for me i consider it as gold online and casg online Wink Wink Wink

bitcoin is not a  gold but it is real digital cash

In my opinion Bitcoin is and will be both: digital gold and digital cash.

We should treat bitcoin as it is, serving its purpose should be the first and foremost, bitcoin was intended to change how the payment transaction should
be, if this new system will be able to penetrate and be a part of major transactions then more people will be aware that it s really a good alternatives to
the common service that we are using right now, as  also, being an asset is just an options for those who believes that the value will grown much stronger.

The bridge from gold to cash
Satoshi was right in my opinion: Bitcoin can be both a secure store of value, as well as a liquid medium of exchange used for small size payments. The solution is to accept and embrace an ecosystem with division of labor, where each sector prioritizes a different part of the solution.
In the case of Bitcoin, you can let one part of the ecosystem prioritize security, while the other focuses on convenience and speed. I’ll let
Hal Finney, the first ever person to receive a Bitcoin transaction.

I think the purpose of bitcoin is created as a currency, where Bitcoin has more advantages than conventional currency, so I prefer to call bitcoin as digital cash rather than digital gold, although bitcoin can also be used as investment field like gold.

Bitcoin is a digital currency, infact, it is a virtual currency. It is the currency of the future and most importantly it is open and dynamic. Whether you think bitcoin is digital gold or digital cash, one important fact is that bitcoin's future looks very bright.

Most users will say they think it's digital gold. But for me it is digital cash because money is a kind of payment and bitcoin should be a currency that's why it is existing. It aims to be a currency not to be a gold.

Bitcoin can be called digital gold, because it really has great value for us as a technology.