Bitcoin Forum

Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.

You are absolutely right bitcoin is like a online gold I agree with that and also bitcoin can be a good way to move forward in digital world and bitcoin is also support exchanges as normal paper currency in almost all over the countries in the world , so my opinion is bitcoin is the next generation of gold.

I agree it's a digital gold, and I think that would be the best way to describe bitcoin as digital cash isn't really the right way to do that, I still think that bitcoin is a lot more then just digital gold.


Gold is a decentralized , can't be controlled by anyone and no one can print or make new gold out of no where, just like the bitcoin, it's price is being determined by real time trading, and nothing else, the inflation rate could be called fixed as there is not an organization that can decide to change the rate, but we can't know if someone will find a new gold mine or a planet full of gold in the future.
Both bitcoin and gold can act as a store of value
Bitcoin can also be transferred electronically, a place where gold failed,and is very easy to transfer and to verify that it's legit, and that's why it can also act like cash and not just like gold.

Yes, I agree. Bitcoin is considered as digital gold because it is now accepted in exchange of commodities either thru online or physical store. Bitcoin is universal cryptocurrency that is popularly used to purchase or to trade in the market, which is similar to gold as the universal currency - independent of exchange rate.

As close as you can get to being digital gold with the one addition that you don't need to carry it around with you. All you need to remember is a 12 or 24 word seed phrase and you have your wallet in your brain at all times!

Bitcoin is very similar in many ways to gold. The limited nature of its supply being the most common, this allows them both to in theory function as a store of value. Bitcoin has little intrinsic value as it is not tangible but it has many other benefits in that it's easily transferable at low costs and so is more suited to use as a means of payment.

Some people are pretend that bitcoin is digital gold. But actually they are different, gold is physical asset and bitcoin is digital asset. But you should consider about the risk too. Bitcoin is good for trading and online transactions but the risk is very big in it.

I have always considered Bitcoin to be the digital equivalent of gold, and that has not changed. I like the fact that you can have billions of dollars worth of Bitcoin, without anyone noticing since you just need your private key.

If you would actually hold that much bulk in gold, it's impossible to hide conveniently, or you would need to trust a bank to take care of your wealth, which isn't something I even consider to be an option.

You only own something when you actually own it. You having a value document stating that you own x number of gold bulk stored somewhere isn't the same. You own a worthless document, the bank holds/owns the gold.

I consider gold's physical form to be a negative aspect, as well as a positive aspect. In physical form you don't depend on internet, which is a plus, but then its limited divisibility is again a negative aspect in currency terms.

But then again, who even uses gold as currency in recent times? ::)

Bitcoin is like as gold in terms of usage and value in our economy. They can both a means of exchange, payments and even assets. The difference between them is that, bitcoin is a digital currency while gold is a physical asset.
Yes, I definitely agree with your opinion because they have the same identity but as of now, we can have bitcoins but not golds.

Bitcoin is digital gold. I personally perfer bitcoin the digital asset. Nowsaday there are so much fake physical gold out there. Bitcoin is best to buy/sell/and transfer values.

Yes it can be, bitcoin can compare in gold because they have the same value, they have both scarce resources and they have the same usage. The only difference is that, bitcoin can be placed in digital wallet unlike with gold. And gold can be a jewelry unlike bitcoin.

bitcoin is something very special because bitcoin has a very useful blockchain system, it is a recording system that can not be manipulated so now the bitcoin is so high

no, not yet. uprising digital gold maybe. Many are yet to realize the full value of crypto currencies. and I am excited about that  :D

Many consider bitcoin as digital gold and they are right. Bitcoin is something that is with one word beautiful. Many speak of him as digital gold and they are right, bitcoin is digital gold and it have more value then real gold with still dont make some reasonable sense for many companies, that why many consider using bitcoin or creating mining farm for mining bitcoin, they have everything for this.

Bitcoin is not digital gold. It has similarities to gold but that's where the line should be drawn. While the intrinsic value argument isn't a logical one, it's one that many members of the public still believe in and that's why gold works so effectively as a store of value, unless bitcoin can prove to them it has intrinsic value it won't function as well as a store of value.

Seriously, other than for tax purposes, why would anyone here care about what Bitcoin should be considered? If you put Bitcoin against every available developed asset, it has similarities with each one of them in its own way. Main point of importance is how you USE Bitcoin -- all the endless (IMO nonsense) discussions about what Bitcoin is or what it isn't, aren't things you should be paying attention to. If you use Bitcoin solely for investment purposes, then good for you. If you use it as a store of value, then good for you. If you use it as currency to conduct payments, then again good for you. Just use it in the way so that it suits your needs, and stop focusing on what others think about it.

Yes. We can compare the bitcoin to the gold.  But of course they have similarities. Bitcoin is a digital - you can see the amount on the computer. But the gold theyre giving you price it depends on the karats or the weight of Gold.

Bitcoin and digital gold doesn't have similarities. Because gold is completely backed with commodity, while bitcoin is a technology backed innovation. Digital gold is just an representation of gold in digital form. Each and every activity of bitcoin is related to digital networks.

More worth called digital money or digital currency.
because bitcoin facts are widely used for payment, and also if many differences in economic concept is almost like gold but its use like other regular currency.
which distinguishes it was Digital, Price fluctuates and his income through mine with computer algorithms.

you simply cant compare bitcoin with GOLD . but believe me Bitcoin is better then gold 1000 times ... in some reasons GOLD is good because physical item and bitcoins only in numbers over internet.

No doubt that Bitcoin is digital gold. It is really so valuable right now that, it can be compared with gold. But the right word or name for bitcoin is it is digital cash. But if we think about the value and market condition, then Bitcoin is more valuable than gold.

I’ve heard the comparisons made between gold and Bitcoin. The obvious thing they have is that they are both stores of value. Some people would say that gold is better because it has other uses such as in electronics and jewelry. Others say that Bitcoin is better because it doesn’t have to be physically stored anywhere and it can be transmitted to ant location quickly.

The both have unique advantages. I prefer Bitcoin because you don't have to phisically store it, and growth in price is huge. On the other hand gold can be sold without internet, but now is internet widely accessible.

You are really right, because both gold and Bitcoin have their advantages. You said that Bitcoin does not need to be physically stored, but forget that today you need to be afraid not only of a thief in the house or in a bank, But also a hacker on the net. Well, if there is no electricity, then gold will be more valuable, because you will not get Bitcoin.

Absolutely, bitcoin is a digital gold because of its promising price that are very vulnerable to us. This could be the most profitable coin that can not be compared of any other coin having a very dip difference to its value. That is why many people will invest becuase of that thing that will make rich at any time.

No it's not. Bitcoin is Bitcoin, it's the first cryptocurrency in the world and the value of Bitcoin is better than Gold :). There is also a digital gold but it's not well known so almost people don't know about it. Bitcoin is the king of this crypto world, it's even better than real gold and digital gold of course :)).

Most times, i feel the need to refer it as such likewise I also feel its shouldn't too. Because Gold is gold, there shouldn't be an alternative, its an ancient treasure and deserves some respect. I know Bitcoin is most times been referred to as a digital gold because of the similarities between it and the traditional gold but it shouldn't. Just like the way it will be disrespecting for another coin to assume the place of bitcoin . In as much as we love bitcoin, let's not forget that Gold has been for centuries.

This is one of the best characteristics of bitcoin, gold can be very cumbersome and can be really difficult to carry it in big quantities but with bitcoin you only to remember your seed words and you can have your bitcoin with you all the time, in fact this was one of the reasons of why people liked the idea of a paper currency since they could carry huge quantities of paper money over long distances for a fraction of the effort and costs that required to carry the same gold.

Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (only a certain amount will be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi the smallest unit of Bitcoin, just like cents in Dollars or Pennies in Pounds, so we can buy less than one Bitcoin), Bitcoin technology is also stable and will not degrade, nor can fake Bitcoin be made. Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.

In general, both gold and bitcoins are valuable assets. However, gold has long been considered the safest investment of money. Bitcoin is volatile and, in essence, represents a very risky investment.

The way to get bitcoin is the same as getting gold, to get both by way of mined. But to equate bitcoin and gold I disagree with the limited amount of bitcoin while gold is unlimited. As for the potential of gold and bitcoin in the future, I'm sure everyone will choose gold over bitcoin. Only people who take a high risk to buy bitcoin, and only people who know bitcoin will say bitcoin is digital gold, for those who are not bitcoin just a digital money and do not even know it.

Absolutely, Bitcoin is made of internet and they accepted in exchange of commodities either through online, that's why we can actually also called digital gold and also known as cryptocurrencies nowadays.

Thats what bitcoin becomes more expensive because of this coin near to be mined the total volume,like gold that has been soon to be mined,when i was young here in my region many miners diggers gold daily but nowadays its become fewer and fewer that concludes almost done for miners..and like bitcoin more than half had been mined

Yes I think it is here are the few similarities of them.

They are both scarce: there are limited amount of gold that can be mined in the world. Bitcoin is also limited and the more mined coins the harder it will be in the future.

They are both great assets to invest. Although more traditional investor will choose gold,Bitcoin is still a wise choice because on the years past bitcoin have only shown an uptrend.

Advantage of bitcoin is you can send the money right away unlike gold that usually it will be check because gold can be counterfeited and bitcoin can not.

I won't say bitcoin is digital gold.
Besides being a trading measure, there are many usages of gold.  Also, gold has long accompanied human history, which gives it a special social status.

Pretty much, yeah. Bitcoin is a digital version of gold. Gold is decentralized and can't really be stored in a bank or anything like that. Moreover, Bitcoin's value usually continues to increase. Just disregard the performance of Bitcoin at the beginning of this year. Bitcoin felt quite bad, but it looks like it will bounce back up. Another thing about Bitcoin and gold is that both cannot be really used to purchase anything. I hope that this will change.

I agree that bitcoin is a digital gold and can only be used on internet while we have the opportunity to use bitcoin in our real life once the government accepting bitcoin. the different bitcoin and fiat or gold is bitcoin cannot be control by any one even the government cannot control bitcoin. in the future, if bitcoin is accepted in everywhere, we can transfer our bitcoin to anyone in all of the country like what we did today.

I do understand that why you saying this but I do not really agree on what you said. Bitcoin and gold are 2 very different things and about their usage is too much different too, so if you said that bitcoin is digital gold, you are very wrong about it. Take a simple thing like buying something, can you buy with gold? I do not think people want gold as their payment instead of bitcoin

bitcoin is a way of getting rich. some people are still turning on to it because it is a part time yet the salary is higher than the official work. so, i guess bitcoin is a digital gold because it is on the screen and can turn into cash instantly. it is a gold for the future and it will continue to shine.

you should pay tax if you want to buy gold because gold also considering as valuable physical asset but in my opinion bitcoin can considered more than gold value because bitcoin is more valuable and possibility to increase the price more than gold in the future is pretty high

Like gold, Bitcoin is scarce, durable, mineable, but anti-counterfeiting, divisibility, and portability properties does make it somewhat better than gold. While gold is preferred as a safe haven for its stability as a long-term hedge, Bitcoins price volatility is far greater than that of gold. It's because of Bitcoin being a new technology and just a decade old, in these years we have seen that Bitcoin could be a good a store of value, but still not reliable. People invest into gold not expecting massive gains, but preserving/protecting wealth against any turmoil. In that sense, IMO, Bitcoin market is still somewhat too volatile and speculative, but evolving/maturing and with underlying utility as currency, it can be better than gold.

Yes, Its kind of like that in nature. Bitcoin like gold is also being traded. And its value changes according to supply and demands. And it used as a legal tender in some countries. So it mo ey but of a different structure.

Bitcoin is more than gold. In addition to the qualities gold has,  bitcoin is enhancing peer to peer payments seamlessly across borders. It is easily convertible to all major currencies around the world. It is also accepted across the counter in many shops. It is acceptable as salary payment in certain places. So much bitcoin is achieving than gold could.

Not only is bitcoin more volatile than the stock market and gold, its trading is unpredictable, even crazy.

These unstable features will make it hard for bitcoin to become digital gold!

yes of course, bitcoin is more than gold.btc is a way of getting rich.it's price is sky rocket. by btc people are more profitable. that's why I think it is digital gold.

I agree that bitcoin is now being called the digital gold. They have some similar aspects, one of them is that gold and bitcoin have limited supply, therefore, as the demand increases its value will be more expensive as well. Another thing is the trust that investors have invested over these two hot source of treasures and richness. Gold has been present since ancient times while bitcoin on the other hand has been created in 2009 and yet tremendously the value went up very high due to the trust from people. As predicted and expected, bitcoin value to soar higher reaching its peak that will make its holder richer than ever.

In a way, it has the qualities of gold, but it isn’t a digital gold. You can just call it digital asset and not gold cause gold has nothing to do with cryptocurrencies and is totally different from them. I know they share some similar qualities just like being decentralized and not being controlled by anyone, but still, they are different… somethings differs.

As what i have understood on butcoin, yes this is a digital gold with very precious value. Bitcoin is the barometer of every fluctuation happening in cryptocurrency and this is the most commonly used digital asset. Though bitcoin has no medium to support its existence, this cryptocurrency gives its user the chance to gain and profit in a most distinct way.

Digital gold can be said yes can also not, bitcoin is digital gold true if it means high value or have a high selling price can also be like a treasure that is identical with gold, while if the rate is not because the bitcoin is unstable and very volatile.

My opinion about digital gold is bitcoin.bitcoin is decentralized gold
and the change in value depends on the market of trade and inflation. The difference lies in the way of storage and transfer

It's either digital gold, or it is digital nothing. I think that is what this great experiment is going to figure out.

It's definitely digital gold - and the proof is that some gold funds are investing in bitcoin:

https://www.cnbc.com/2017/11/24/a-gold-fund-is-investing-in-bitcoin.html

They started ploughing money into bitcoin as soon as the bitcoin price exceeded the price of gold. They then take profits gradually and reinvest in gold. It's a pretty smart strategy that has allowed them to outperform their competitors.

I agree on you, I consider bitcoin as a digital gold. Why?
Because bitcoin is a really gold it has a high price the value is accepted all over the world in which we can easily change the equivalent. The virtual money can be a real money. Many people admire and wants to invest bitcoin because they find out that it brings richness and belongs to elite group. Many individuals wanted to Invest in bitcoin eventhough the price is still changing but no hopeless at all because their is capacity to be in high portion.

The term may be correct, digital gold. Bitcoin is is really digital because it not tangible, you can only find it in the net, but it is still an individual asset. In terms of value, it even exceeds the price value of real gold in a very large gap. It is also being mined like gold, but all these similarities are not exactly identical to the property of each other. Both will always roll in their own market cap.

I agree with you that bitcoin is a portfolio asset comparable to gold, and digital currencies should be considered low / zero returns or hedges, just like assets, just like gold. Gold is not a real currency, but it is easily converted into cash.

I don't quite agree with the fact that Btc is digital gold.Because gold is the physical asset,its price is in Government and sometimes the gold price decreases or stays for a long time.On the other hand,Btc is completely different because it's an online job,it's useful for transactions,this is the digital network.Btc is much more expensive than the value of gold.And Btc is the digital asset for future generations.

Yes I agree. Digital gold is the same as bitcoin. Equally high value asset is safe and guaranteed. But the risk is different. Gold is much safer and real due to real physical. Bitcoin risk is not real. Bitcoin and gold are both good to invest.

Bitcoin or any crypto is consider as digital good. So bitcoin can be gold something can be silver or any other precious metal that is mined. Off course cryptos are mined to but in different way but still they are mined. So anything can be gold in one way or another.

It sounds even better and more appealing. Bitcoin is comparably digital gold. Sought after and very pricey in the market.
A solid and impregnable commodity, asset and investment. A wise and deluxe choice to anyone who gets the
opportunity to purchase and own one or more. There was even a time that bitcoin rivaled gold, in
terms of price and the speed that took in such a short amount of time that it was able to
surpass gold's market value. Virtually you can mine bitcoins just like gold in real life,
it mimics and facsimile the likeness of obtaining gold in the real world.
Both are assets that emerge to be symbols of wealth,
status and fortune today.

Well, no one is disputing that fact, but we all know in the literal sense what people are trying to say here. Yes, bitcoin itself is not gold. They are both an asset, and one being physical with the other being digital which I guess is one of the reasons the OP classified it as digital gold with the way you can easily make a lot of profit holding it as an asset which gold would not have even given.

So probably, we can either just call it a digital asset or an equivalent of a gold asset but in a digital form as long as we know what we are trying to imply.

Bitcoin is the digital dollar, but in my opinion, Bitcoin is not gold. Because gold is used as an ornament from ancient times. And Bitcoin is a digital  high quality currency. Although both gold and Bitcoin are valuable. But Bitcoin is not modern gold.

Yeah bitcoin is digital gold.  Becuase its value is so high. For me it is more than gold.  Becuase bitcoin is volitile,  we didnt predict its value.  But if in long term the of bitcoin is much higher.

Bitcoin does not resemble gold in any way. There are huge differences between gold and bitcoin. The major difference is that gold is highly involatile but the bitcoin is famous for its volatile nature.. gold is limited to ornaments and is not highly decentralised but bitcoin offers big security by being decentralised.

Who said we can not duplicate it. The Algo of bitcoin is used everywhere on the GitHub and other programmer center to replicate it in the altcoin code and that is strongest reference for it. On the other hand from where you think the fork coins are coming? The best way is to copy bitcoin codes!

It could have been digital gold if it would have been precious and stable in value. But it’s not that stable and there are many other coins which are far stable than bitcoin and are easy to get profit with. It’s all about the money after all.

Yes of course I agree with your statement because Bitcoin is a new form of digital gold, a popular cryptocurrency that is now mainstream as adoption increases and the world is getting crazy with it. Though Bitcoin is not as stable as physical gold but try to look at it's price now it even surpasses the value of some valuable centralized assets like precious stones and metals. For me it is the fastest and the safest asset to have for a lifetime due to it's decentralized blockchain technology where no required middleman during transactions.

If something which is digital and giving you profit, does it make it gold? Because the point is that gold has its physical identity and has proved its worth through out the history whereas bitcoin has just entered the market some 9 years back. I think bitcoin will not be called gold in the near future but it will be called “BITCOIN” instead as it will make its own name in the crypto field. One thing which is clear that there isn’t any other digital thing which has profited as much people as bitcoin.

Yes i agree, in my opinion, bitcoin is like a digital gold, because has a big value, but it increases and it is also an asset like gold. But bitcoin is under the process of technology system or stored in a computer or gadget that is why it may call digital gold.

i think comparing bitcoin with gold and named as gold is injustice gold is only in reach of wealthy person now but bitcoin is open for all and it is not digital gold it is simply a currency which is followed by the visionary people who are some motives and goals about their future and it is way better than gold.

In one word is yes, cuz every crypto in mined and as such this is consider as digital gold. Every precious metal like gold is mined so bitcoin litecoin ethereum and so on are mined so that they can be sold latter for money.

These both have their own pros and cons. Gold is better is some fixed attributes and bitcoins are better related to other attributes and traits. It is us who have possibility to take out the chance and use anyone of them for our own better earning. Gold is safest income as per the developing era but bitcoins are not better in this case because they are new. But bitcoins give more profit ratios while gold don’t.

Yes it can be classified as a digital gold,although bitcoin is more valuable than a real gold but it is exotic and hard to find like gold.Duplicating bitcoin is hard and if someone can make it i think only its creator can make it.It is a gold that only exist online and not in physical thats the only difference between the two.

Yes it is like digital gold. But there is a difference. Gold can be found under soil and its amount may increase. But Bitcoin do not.

That's one good way of calling it, digital gold. It's precious and pricey. Both are very valuable and they symbolize wealth.
Different in several ways but both exhibit similar properties that made them valuable and highly in demand, gold's market
value and position is more definitive and somewhat quintessential throughout the years. It's tangible and surely will last longer
than any currency. Bitcoin is somewhat like gold only in digital and parallel in a sense it resembles the grandeur, splendor and
exorbitance that of gold. Both are profitable and share some volatility. Bitcoin is still in it's infancy period, it could change and
surprise everyone.

Digital gold is a kind of high value coin cripto, and useful for us.
So the way gold cripto coin is used for access to digital payments that can be done in the area until it is sent even though a country.
This is evidence of the development of useful digital information technology .
Certainly if we want to do transactions out of state / within the country, we can use gold coin cripto.
So cripto gold is digital coin money that can help us in making payment transactions through the world of digital technology.
There may also be cripto money in the form of gold coin, which can be used directly for use.

By the way bitcoin is not a digital gold it is a digital currency.So it is not fair to compare it to gold a metal.

Currency also transferable and not duplicable so if you have any valid point to say this a digital gold then I will agree with you.

Gold is used as safe heaven assets while bitcoin can't be compared as digital gold because of high volatility and price instability. Gold also being backed up by real commodity supply while bitcoin didn't backed up by anything other than the prices. In case of economic fallout, gold can maintain its price stability and already proven in 2008 house bubble, 2011 greece bankruptcy while bitcoin hasn't prove anything other than increasing demand in december and followed by overnight fallout in January. Its a high risk and also high gain investment but not a safe heaven investment, yet.

Bitcoin is a digital currency. It is compared to gold but it will not be gold. I'm just new here So I do not have much idea about Bitcoin.But Bitcoin is not a digital gold to me. Although gold and bitcoin help people differently.

Bitcoin is not digital gold. It has similarities to gold.It is a digital currency.Gold is used as an ornament from ancient times. And Bitcoin is a digital  high quality currency.Although both gold and Bitcoin are valuable.

We can not look at Bitcoin as gold.
Bitcoin as location can be in dollars or euros.Because the most traded coin.
As a value we can call it diamonds or plutonium :)

Absolutely, it can be comparable itself to gold because gold is the highest price of all elements and bitcoin is the highest price of all crypto currencies even though they are volatile but it has a big difference whennit compare to other cryptos.

yes true, in my opinion also bitcoin can be regarded as digital gold because bitcoin price is more valuable than pure gold though.

Your suggestion having given it an intense thought makes sense ascribing Bitcoin as Digital Gold. But from my own additional point of view, I can prefer to term BItcoin as ''Super Digital Gold''. Bitcoin is even far more better than Gold because Gold can only be mined at secluded areas of the world where they are detected/discovered, while Bitcoin can be mined anywhere in the world, so far the Electronic means and the Technical know how is available.

It is because it can be use for investment and transaction so IMO digital gold money will be more precise.
My local trader expert said that bitcoin shall consider as digital asset like stock exchange because unlike gold, bitcoin still full of speculation , the risky drop or sky increase may apply !

bitcoin brings great profit to those who know how to invest in it, in my opinion it is considered as digital gold, gold here means precious. And if you compare it with gold, all comparisons are faltering, gold is present and its development history has for thousands of years been known to all people in the world, even the child. but bitcoin it is something "virtual" virtual only

I think you can draw that parallel but you have to remember there are fundamental differences like: one is physical, the other immaterial; one is unlimited (in the Universe not on Earth), the other finite; one is virtually indestructible, the other perishable if all devices it resides on are destroyed, etc.

I think no I do not agree
gold is a precious commodity and a real metal / valuables that you can take with your hand and hold it in your hand.
but I think that bitcoin does not seem to be gold anymore in terms of precious value but position in the market, but obviously it is evaluated day by day.

Yes just like it, bitcoin is a digital gold because bitcoin is an expensive digital currency as its prices gold and it can be surpass gold too.

are you kidding me? of course not bitcoin unlike digital gold bitcoin is a digital currency cryptocurrency which consists only of numbers and there is a threshold for its security.

what is digital gold?
i know gold but it's not digital currency

This is a kind of question that makes my mind ruin, some answers are pointing the similarity of two things the gold and bitcoin, they are explaining the conflict and similarities. In my opinion, the question stated that bitcoin or digital currency is gold. For me, it is a big yes, digital currency is a gold, it is a very valuable things that circulating all over the world, their total value shines like a gold that mostly people wanted to owned.

In my own opinion Bitcoin is not like gold although they are both  good for long term  investment bitcoin is more profitable than gold this days. You can buy gold for $1000 now after 5 years it is only 5000$ but if you buy btc now gor $10k after 5 years it is already $100k.

For me bitcoin is more than a digital gold because bitcoin is a very futuristic currency and the people who are holding bitcoin they can make money through using bitcoin i like to buy this digital money and bitcoin is the real money which we can utilize every time and every where in the world we can access them using the internet because it is the internet based currency and having a good and bright future.

have always considered Bitcoin to be the digital equivalent of gold, and that has not changed. I like the fact that you can have billions of dollars worth of Bitcoin, without anyone noticing since you just need your private key

No I think it's not it is a electronic currency  it's a cashless basis king of payment and receiving money

In the real sense of it, all the characteristics, properties and potentialities embedded in Gold can as well be perceived in Bitcoin , even more than that. I can say You are correct. But what I can say is that Gold is physical and its obviously believed by everybody who are opportuned to access it. Bitcoin has not gained the consent of every souls that heard about it, and even so many are still very much ignorant of Bitcoin presence and its usefulness.

Somewhat like a gold, comparing it with Gold would make people easily understand what bitcoin is. Bitcoin has limited supply that is not yet fully obtained. Just like Gold, bitcoin is also mined which actually demands computer technology and machines. Unlike Gold which xan be physically possessed, bitcoin is more like a digital currency meaning its virtually available. Bitcoin and Gold is actually the same, they actually dont have value they just considered valuable simply because people decide to and its demand actually determines it price.

Highly similar, but since we are referring to digital gold, that sounds reasonable. However, with the fact that it has even outperformed gold in so many ways even makes it more of an interesting digital asset to hold. Except for ornaments and designs, gold can only serve the purpose of it being more a controlled asset to me anyway but with bitcoin, things are even better and being a process of payment which we cannot easily do with gold makes it awesome.

Bitcoin is even more exciting considering that is by far limited in supply. If we are to look at the fact that bitcoin has some huge value due to the solutions it has given and for the fact that you can easily hold your thing without having to worry, with also the fact that it is easily accessible, then that makes it more fantastic than even gold, but if we are to look in the literal sense of it being an asset, then we can equate it to a digital gold.

The only thing gold has over bitcoin is a long story of being a store of value, in almost any other aspect bitcoin is better this is why I think we are going to see the day where the market cap of bitcoin will be bigger than the market cap of gold, I do not know how long it will take but we will see it and when that happens the ones that said bitcoin will disappear will have a lot of explaining to do while we in the other hand enjoy our profits.

Exactly I could also say yes that bitcoin is a degital gold, if there is a real gold we have also a digital gold. The number one reason why? because of the price really high value. The second one because of the popularity and lastly it is really exist and many users trust bitcoin.

Yes i think bitcoin is digital gold but its virtual

can be bitcoin is gold because bitcoin is a popular universal cryptocurrency used to buy or trade in the market, which is similar to gold as a universal currency in addition bitcoin does not depend on the exchange rate. Bitcoin is considered as digital gold because it is now accepted in the online market exchange

Gold can be mined more or less dependig on demand cruve while BTC have their rules that you can allways mine less and less. From economics is better to hold BTC IMO than gold.
Same time gold exisits in physical realm so if your powerplant goes off you can have something on hand.

bitcoin can be mined too but we only can mined bitcoin on the internet using the hardware. I think gold is in the real life and bitcoin is in the online life and both is worth for us but for me, bitcoin is really worth depends on gold because I don't have a gold for now. but the price for bitcoin and gold is different and bitcoin price is too volatile depends on the gold but people in out there really like to have a gold as their investment.

Of course it is different how can bitcoin and gold are equalized while bitcoin is an electronic currency while,Gold has certain characteristics that make its value better than other objects,Gold is also rare (limited)
thank you

We can say it, absolutely. Bitcoins have shown such amazing feat of excellence in past few years that people are now considering bitcoins more than gold or any other assets. Even stock exchange have been left behind and now population is more coming towards crypto currencies. Well, we hope this will continue and people all around the world just believe in bitcoins and work for them.

With its limitless supply Bitcoin can be compared to the gold which is also limited but not yet discovered around the world. There is a big amount of the real gold hidden around the world which cant be said for the Bitcoin but if we make a comparison with all the lost wallets that had some amount of BTC or particles of Bitcoin then we could say that Bitcoin is virtual and digital gold. I personally love the physical assets and would be very happy if I had lived in the times when the gold mining was popular. Today the reality is different and we are all depending on the network which can provide us a nice amount of profit if we take the right opportunities ( crypto)!

People are trying to mine cryptocurrency and trade it - it can be called the new type of gold.

Gold and bitcoin are similar investments though keep in mind that gold has a real world physical application in manufacturing which will effect the demand for it differently.

Bitcoin is way better than gold but gold has been trusted for so long that we cannot expect the change to happen overnight and when we add the volatility of the market compared with how slowly gold moves then this creates even more uncertainty for gold holders since they see bitcoin as not having intrinsic value like gold which is ridiculous but it is the most common argument I see for those that prefer to hold gold and not bitcoin.

Yes i think bitcoin can be considered as a similar to gold,its just that bitcoin has the upper characteristics or factor as an asset compare to the traditional gold.Another thing is bitcoin is more secured than gold.

For me bitcoin is more than the price of gold. Bitcoin has made investors far richer than gold has recently. Bitcoin is a digital gold, store of value like the precious metal itself, and it doesn’t need to have a lot of practical uses to be worth a lot of money.

Either that or most especially your private key depending on the wallet you have, but to me, I always prefer the idea of having your private keys anyway. Bitcoin is really related to a digital gold considering the fact that it serves as an asset and even a currency which can easily be used. As more people keep adopting it, the better and I feel it makes thing better than holding even gold right now.

The supply of bitcoin is not limitless in fact it is completely the opposite the supply of bitcoin is limited, while with gold this is not the case, bitcoin is difficult to find and mine but we have no idea of how much gold it is hidden there could be mountains of gold yet to be discovered that could make the price of gold crash while the price of bitcoin will be unaffected by this.

I share same view with you. Bitcoin only exit in internet and can be used directly as means of payment (buying and selling)which fiat value is known and also for exchange. I however think gold is not a standard and well known means of buying and selling but exchange. I do not think bitcoin and Gold can be compared in the measure that OP is assuming.

Bitcoin is a gold coin because bitcoin is a digital currency that is internationally recognized and gold internationally recognized. Bitcoin can be bought online in different products. Many things can be bought with gold. Currently, bitcoin is more expensive than gold.

yes can be said like that ..
Original gold and digital gold have something in common, both can be mine. but the real difference in gold in the mines on earth uses extra energy, while digital gold or bitcoin in the mine through the internat.

If petroleum can be liquid gold why the btcs cant be digital gold LOL -_-

When talking about the nature of gold that can be moved or stored its value, and decentralized. So Bitcoin can be likened to gold in digital form. Bitcoin can also be stored in the hardware wallet for a long time, can also be moved anywhere in an instant, even the added advantage of Bitcoin is that it can be shared quickly and physically intangible that can be seen by the preying eyes. That makes it safer than gold.

your post is inspired by the recent words of Peter Thiel?

https://www.coindesk.com/peter-thiel-bitcoin-will-one-online-equivalent-gold/


Bitcoin is definitely like digital gold. It is not going to be a form of payment as it is not legal tender in many parts of the world.. this is similar to gold in the fact that you cant buy food with gold shavings etc..

It is a commodity that is desired by many.. much like gold. People want to own BTC cos they feel it will appreciate in price as it is limited in supply and it appreciates in value.

The only difference is that BTC cant be mould into a jewellery and be worn on the body haha.

Yet with the sophistication of the system, the ease of internet connection, and the development of IT today. Very possible, someone uses cashless system, but not using rupiah. Digital version gold is used

yes the same, what makes it different is price stability. bitcoin fluctuate, while gold is more stable even tends to rise every year.

Yes, I think this is digital gold. Many people also assume that this is digital gold. Can be seen from the nominal equivalent of gold.

you're right! but bitcoin is more than gold I think that btc will surpassed gold value because 1 btc now is 5x or more for 1 bar gold only so btc will be the next of gold or diamond but gold and diamond are menerals so definitely its like fiat and use for cash only.

Yes BTC is digital gold please check the price like gold like BTC same process market will change in gold same like BTC

You want digital gold, I can give you a referal link to a system where they exchange to a vault and its all done online.  You have ownership of the gold then but its contained in just one place. 

Blockchains and gold are very different for this reason, blockchain is an exact copy confirmed a thousand times over the world.   One record cannot be compromised by itself.  Where as gold does rely on ownership or trust in one party somewhere.   In this case its the vault holders who have returned that trust for over a century.

But those two ideas, very different.   Digital gold is a oxymoron.   I think DGX tries to link one to the other and say you have ownership of gold or backing to your crypto via their system, but Bitcoin itself doesnt even attempt to bridge the two because they are polar oppisites.

Both have a use, not related.   BTC and GLD are inverse to USD I will agree that much, fairly straightforward.

Everytime its that a comparison is made between btcs and golds. So it can be easily said that its the gold of digital world

I absolutely agree with Bitcoin's Digital Gold because the current world should be a digital world and the current digital world currency was digital but the only digital currency bitcoin in the history of the world, so we can freely say that Bitcoin must be a digital Gold does not compare with any kind of currency, but Bitcoin can convert Bitcoin to any country in the whole world, so people can accept coins, so I want to say that bitcoin is certainly a digital coin digital gold, we have no doubt about it,

and if we have gold in our real life, we have another gold in online which is bitcoin. but both gold and bitcoin are not the same and bitcoin is still more expensive depends on gold and I think people right now thinking to buy bitcoin than gold because they know that bitcoin is a new technology that will always grow from time to time. they don't want to miss a good time to buy bitcoin especially now the price is down at deeply so they can buy a lot of bitcoin amount.

Yes, it's gold's best counterpart but in digital form. Bitcoin resembling gold's luxurious appeal
and stature is uncanny in the digital world. They are very expensive, proven to be potential
profit makers and very sought after. Even prices are competitively close, outweighing each
other on several occasions, depending on market conditions and trends. Stability unfortunately
for now, gold is supreme. But given enough time, I think bitcoin will overtake gold. Both are
extremely valuable and in demand today.

That depends on man to man if someone says it a gold then it is or platinum then same also ;p

Maybe it is or maybe not. But bitcoin is sometimes called a digital gold because of how its prices increased a lot in a few years span. Bitcoins are also mined so maybe it is a digital gold then.

You can say that bitcoin is digital gold. The price of bitcoin is impressive like gold. In future  bitcoin will be better than gold.

Once upon a time when there was no Internet no online business then peoples invest their money into gold to make profit. But nowadays peoples invest their money into  crpto market and make a good profit. So you can say that bitcoins are digital gold.

Yes bitcoin is top and better than gold in multiple time because it's value and development are higher and quicker when comparing to gold . So my opinion is also bitcoin also like a digital currency.

It's a digital gold fix it. It is a currency that does not have to manage someone who maintains its own pace. So it has been compared to gold in gold color. This BTC is commonly used as a paper.

the conclusion you made is true. bitcoin is like gold, from the price and quality sectors is well calculated. this is what makes the bitcoin price increase, where there is a purchase and sale request just like a gold. although I am less understood with gold, but the principle is the same. and this is a good thing to invest.

I totally agree with you cryptocurrency is like a digital gold. Both has their own advantages. Bitcoin is more potential to grow inthe future because to its price that increase very fast but it is more risky. Gold is also a good investment.

physically different, but if only as presuppositions as said  "bitcoin " is "digital gold" probably could be said to be so despite the fact if seen in the risk very much different. should not the gold price changes gradually, bitcoin is very dangerous because it can easily fly and dropped the price in a while or said to be volatile.

I agree that bitcoin is digital gold that we own in the internet and not in our real life but we have a chance to sell that bitcoin for the money like what we did with gold. I agree with bitcoin is a transferable asset like gold, fiat or else and we can also use bitcoin too in every day to exchange into money so we can buy something for our daily needs. and everyday we live in a new technology and we cannot depends on traditional way forever and if the new era comes, then we need to follow with that era so we can stay living and make a better life. and with existing bitcoin in the internet and maybe in our life too, I think it will give another experience to use gold and bitcoin in the same time and our life which is in internet and real life will work together.

Btcs are higher in price and are more volatile than gold or other physical assets. Yet its profittable to its user and can be called so

Yes, I think this is digital gold.

its better not to reach out for this 'Gold' rather work and earn or invest real world gold. it will make you low but safe profit

Sometimes its better to take risk rather then play safe. Many new rich people are rich cuz they made right move in bitcoin and now they have good amount of money and they didn't do anything just made one risk investment.

Yes, Bitcoin has all the same characteristics as gold.

Just like gold, the amount of Bitcoin is limited, then , Bitcoin can be broken down into smaller units without losing the value of the unit, so we can buy less than one Bitcoin.

Bitcoin technology is also stable and will not experience degradation, nor is it possible to be made fake Bitcoin.

Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes.

Regardless of similaritys. That's why people call Bitcoin a digital gold, but the better gold.

Bitcoin is considerable as gold in terms of value. But if we prefer on appearance gold is really amazing. Bitcoin is really precious today like gold because it is really valuable but it only runs through internet because it is a digital currency and I also believe that gold is more popular than bitcoin, because bitcoin is new to this modern world while gold is a historical and all of the people around the globe really know about gold.

And if there is no internet? What will happen to this "gold". Even scary to think, rather than gold and the dollar of the crypto-currency market.

Bitcoin is a virtual currency just like credit cards and in order for us to earn profit then we should hold our coins for a very long time till the price in the market increase but still we can use this cryptocurrency we are holding to pay bills and any items we want to purchase as long as there's a cryptocurrency payment method.

Of course it is digital gold, name me another currency you can't inflate? Simple as that, the law of mathematics win every time. Bitcoin is a marvel when you consider it that way, the fact that no currency like this has ever come before it.

No internet means obviously no on-chain transactions. It however is still possible to transact off-chain, which at that point basically means that you and other parties exchange private keys holding a certain amount of Bitcoin value. It's a method requiring an insane level of trust, but it at least is possible to still exchange value, and that's something a lot people don't even know or think about. Gold however is also a great asset to hold alongside Bitcoin, and that's something the more high level holders here do as well. I personally hold almost 250 grams in small gold bars currently, and that amount has been growing year after year....


It's not. Credit cards are nothing more than an optional service being offered by whatever financial institution. It's impossible and not appropriate to compare complete opposites. A credit card is nothing by itself -- it thrives on fiat in the end, and that's the main factor.

For me, it seems like a digital gold because it was also being mined. The only thing is that the cost of Gold is stable in the market while the cost of bitcoin is very volatile. So for me, its a digital Gold with a volatile value.

you may consider it as online gold

Yes, bitcoin is a digital gold, digital gold currency is a form of electronic money or digital currency based on mass units of gold. It is a kind of representative money, like a US paper gold certificate at the time  that these were exchangeable for gold on demand. The typical unit of account for such currency is linked to grams or troy ounces of gold, although other units such as the gold dinar are sometimes used. DGCs are backed by gold through unallocated or allocated gold storage. Digital gold currencies are issued by a number of companies, each of which provides a system that enables users to pay each other in units that hold the same value as gold bullion. These competing providers issue a type of independent currency.

Seriously, other than for tax purposes, why would anyone here care about what Bitcoin should be considered? If you put Bitcoin against every available developed asset, it has similarities with each one of them in its own way.

Well, That is a yes for me. Bitcoin will be our digital gold because its value is going to change day by day. Sometimes it decrease and increase . And it is possible that someday you become a millionare because of your hardworks in getting more tokens.

Yes agree. Digital gold. Since its digital world its the same use for gold investment. Having a limited supply of bitcoin is having a big value. Same characteristic. Just that the difference for me bitcoin is much easy to use by the touch of the finger I can use it. Compare to real gold I have to change it first to fiat before I can use it.

As i can see that Bitcoins's value is rising up again, Therefore many investors is making a move again to buy some BTC and take a profit once the value goes dip and soar high again.

I agree with your opinion ... gold can be moved hands and can not be duplicated ... but gold is much more stable its price compared with bitcoin ..

gold investment is low risk and long term investment ... bitcoin high risk for short term investment. ...

If petroleum can be liquid gold why the btcs cant be digital gold LOL -_-

have you heard of digital gold? Gold in digital form so emang there? Well klo name pool account know? It's a gold node program, but we are only given an account of username and password to login on the pool account website. To check our gold balance transactions, transaction history, gold melting, and so on.

All when looking at bitcoin like gold, but in my opinion is different. Gold is not like bitcoin but in bitcoin performance like gold, bitcoin including real currency like dollar to euro they have their respective price and it depends on economy but gold is not like that, if we buy gold then we sell then you lose because gold price will fall from your capital price, if the bitcoin price increase can be seen from the time even a minute. That's just my opinion.

This is like a gold because you can sell it in a high price but theres a lot of disimilar with bitcoin and gold . In gold the value sometimes is stable but in bitcoin every seconds mins. Everyday the value of this is always flactuating so i think its more goood to hold gold for al ong time but in short time bitcoin is more goood

Bitcoin is a digital virtual currency, and its biggest feature, compared with fiat money, is decentralization.

Bitcoin is very similar in many ways to gold. The finiteness of its supply is the most common, which makes them valuable in theory.

Yes, I think. Bitcoin is digital gold. I agree with that and also bitcoin can be a good way to move forward in digital world and bitcoin is also support exchanges as normal paper currency in almost all over the countries in the world , so my opinion is bitcoin is the next generation of gold.

In what kind of aspect?
The only thing that bitcoin has in common with gold is the fact that both of them are un-regulated and there's not a centralized organization that can print and produce more units of them.
Bitcoin is much more advanced in technology then gold, gold is need to be physically delivered while bitcoin can be delivered and traded electronically.
What makes gold valuable is the fact that it has been here for around 10 years and people trusts it for storing value, also gold has usage in the micro processors producing,while bitcoin is getting it's value from it's advanced features.

Yes i agree that bitcoin is considered digital gold because of its high value and.it also serves as an investment and one thing more is the higher the price of.bitcoin the higher the profit.

I mean if we call crude oil as liquid gold then i guess this is the modern version of it, digital gold and everyone is on a gold rush. I just hope yhis won't be a bubble and pop on us just when we started reaping benefits from it. I believe in the near future it will stabilize and everyone will be happy about it.

For me bitcoin is like a gold because that is a high value price and we can earn a money by investing and bitcoin and gold is popular and commonly use now in every investors but the defferent of two that is gold it depends of the weight of your karat of your gold and bitcoin is every menuites and hour is moving the price of bitcoin so i think that is the defferent of the two.

Bitcoin is definitely a digital gold because just like gold you cannot replicate the same ounce of gold. And also, bitcoin has the propensity to see price increment over the years just like the price of gold hasn't died down. Bitcoin started from nothing right now, one bitcoin can buy so many ounces of gold.

Bitcoin is the 21 century version of gold, gold had its time and it's great as a store of value but I have no doubt in my mind that bitcoin is going to take its place, bitcoin not only does everything that gold does, but it is way better, for example carrying gold is not really a problem if you are carrying a low amount but if you're carrying a huge amount it is going to be very difficult to disguise it, with bitcoin this is not a problem you can carry1or 10000 bitcoins with no problem.

can be said so, because this bitcoin is as valuable as gold, which distinguishes it only the shape and how to get it, but if it is bathed in gold, this bitcoin is more unique because it can not be falsified so there will be no fake bitcoin

Well for absolutely yes.Bitcoin is like gold as of now,It is very important because it can be able to made you rich that is why you must to invest now as much as yu can and also keep on earning as well so that you will earn big profit the value increases.

No, I am not agree, I think Bitcoin is Bitcoin, it's the first cryptocurrency in the world and the value of Bitcoin is better than Gold.  It is not a digital gold, Bitcoin is the king of crypto , it is better than real gold.

Yes, bitcoin can be compared to a gold, precious and you cannot replicate it. During the past time, when fiat was not very known, it was the gold that was used in trading. In the future, I know bitcoin will be used. The digital gold for all of us.

You can think of bitcoin as well as digital gold, when everything is relatively normal with bitcoin itself. However, even Satoshi Nakamoto said that in twenty years there will be a lot of bitcoin transactions or there will be no transactions. Now there are many options for the development of events, in which the digital gold bitcoin will turn into only one memory, because there are many options in which bitcoin can drastically depreciate. This is especially likely when bitcoin rises very high in its price. Investors will then be very anxious that nothing happens with their digital gold and will listen very much to various news affecting the course of bitcoins. And such news, including false ones, will periodically arise. If the depreciation of bitcoins with the appearance of normal volatility coincides with the appearance of negative information, some may regard this fall as a manifestation of the action of negative information and the nervous will sell their bitcoins in order to avoid losses. This will lead to a further decrease in the bitcoin rate and then such panic may begin that most of the bitcoins will not even have time to withdraw their remnants of digital gold, as this gold will turn into dust. Bitcoin will practically be devalued in this case.

Well we can actually say that because it has a similarity in gold not actually the physical gold but the value of gold getting higher and higher in just a matter of time. The only difference is we the trader see how much the supply we had but in physical gold we cannot.

Bitcoin is not physicall like gold but they're now competing with each other. Bitcoin comes with a lot of features for money transfers and global payments, however gold investment is expensive and hard procedure one. Bitcoin seems to be better than gold in terms of investment.

Satoshi's papers, stated: Abstract. A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Is nothing about "digital gold", no matter what banksters want to be (and trying to change people's mind), Bitcoin always will be a protocol for P2P currency.

Yes, this is correct bitcoin is a digital cold

Gold is a decentralized , can't be controlled by anyone and no one can print or make new gold out of no where, just like the bitcoin, it's price is being determined by real time trading, and nothing else, the inflation rate could be called fixed as there is not an organization that can decide to change the rate, but we can't know if someone will find a new gold mine or a planet full of gold in the future.
Both bitcoin and gold can act as a store of value
Bitcoin can also be transferred electronically, a place where gold failed,and is very easy to transfer and to verify that it's legit, and that's why it can also act like cash and not just like gold.

I agree with this statement. Really, Bitcoin can be compared with the digital gold because it is accepted in exchanges. You can buy commodities using it and it is decentralized. As for me, it is the currency of the future.

That's true because bitcoin is the mainstream of crypto investment today and that it is considered as the gold in binary form today and became the largest wealth distribution to date. Through bitcoin, your life will really change dramatically.

I think Bitcoin is a popular universal cryptocurrency used to buy or trade on the market, which is similar to gold as a universal currency - independent of exchange rates.
Bitcoin is considered as digital gold because it is now accepted in commodity exchange either through online or physical stores.

Each type of investment has their own advantages. Though it is profitable, they will always have disadvantages part in gold investment. First, from the buying and selling rates when you do gold investment. The rate could be profitable because when you buy or invest when the price were down, we might get a lot of investor. Otherwise, by the time the price is up there will be chance that you will get smaller. Not only that, there's also some additional costs which cause gold to be more expensive than they already are.
As for bitcoin, they have advantages that they didn't bond to company who set the price, that's why this is the main factor why bitcoin so popular to the investors. In one side, bitcoin is already profitable and the fee is cheap.

Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without loss of unit value (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, equal to US Dollars or Penny in Pound, we can buy less than one Bitcoin), Bitcoin technology is also stable and will not decrease, nor can Bitcoin be fabricated. In addition, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin.

I think bitcoin as investment is better than gold. Profits potential we can gain in bitcoin is much more than gold. Beside that, as an asset, we can transfer bitcoin anytime we want and instantly. With limited supply, bitcoin right now getting more popular as investment and its profitable investment in the future

That's right, and I agree with you OP.
Because it's in accordance with the nature of bitcoin (the initial design of bitcoin), but has a volatile market value (bitcoin values may vary from time to time).
With more than one ounce of gold today, and in its wholly digital form, bitcoin becomes the currency of choice for investors around the world to use as an investment asset.
With value more than an ounce of gold today and in its wholly digital form, bitcoin becomes the currency of choice for investors around the world to use as an investment asset.

agree with you and in the future, bitcoin will be more popular than gold because it gives opportunity to people to make money and investment at the same time. regarding with limited supply, the price of bitcoin will get high and expensive in the future so only a few people that could buy bitcoin. and this is the benefit of a new digital technology which bitcoin used and in the future, we are going to getting involved with other new technologies.

Its not duplicate? But it can be copied and other copies can be made for this coin mate and thats what we call as forked coins. To be honest BTC is not gold or anything like that and its not comparable to that at all. Gold's characteristic are far better than BTC where it does have physical form, it is used in the jewellery and liked by billions of people. What about the BTC, where does it stand as digital gold also? I think no where! It is currency and we should look at this coin in that particular way only.

Bitcoin can now be compared to digital gold, if you mean that now people use it primarily as a repository of value. However, if this continues to happen, then in the future the situation will change for the worse. The primary use of bitcoin as a repository of value limits the offer for sale in the market and therefore leads to an increase in its price. At large price values ​​of bitcoin, it will pose a big risk for investors and, accordingly, it can any day due to the occurrence of a possible panic drop in value until depreciation. Therefore, in this case, it will then be an unreliable repository of value and digital gold.

Yes, I agree. Bitcoin is transferrable asset.  Like paper money it so easy to transfer to another account. But bitcoin is more popular in gold nowadays.bitcoin is dominating around the world.

Bitcoin is partly like gold because a lot of effort and resources need to be spent to extract each bitcoin. However paper money of $10 costs almost the same to print as $50, so paper money isn't like gold at all.

Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.

There is no doubt that cryptocurrency is the gold of the day.I can say that cryptocurrency will make gold obsolete as it will become the best covet currency soon in the world .Digital gold yes is very true .cryptocurrency all the way to the moon.

Hi, I do not think bitcoin is digital gold - it now plays the role of alphabet in the cryptomir, as in our world plays the role of Dolar. But dolari bitcoin can collapse down if there is no consumer demand.

Just like petroleum is liquid gold, the btcs, looking at its present condition, can be claimed too as digital gold

But those forked coins are not bitcoin, if you're going to choose that criteria to say that those coins are like bitcoin then anything that looks like gold needs to be counted as gold as well, but we know that logic is never going to fly because it doesn't make sense, so it doesn't make sense either to consider all of those forked coins and all the altcoins to be considered as bitcoin.

Yes it is a digital gold and it cannot be controlled by anyone. It is easy to transfer like paper money. The bitcoin benefits is more when compared to gold. Bitcoin is more popular nowadays. Many people are ready to invest in bitcoin because of its tremendous growth and the profit is more when compared to other assets. It can be transfered from anywhere.

As for me, it's obvious that the investment in Bitcoin is a reliable way to keep moving your money and make profit, so I believe that people who are investing not in gold or other stuff, but in Bitcoin are really smart.

yes i agreed with your opinion, bitcoin is a digital gold but not just this, bitcoin is a digital money as well, bitcoin is a digitalized of every assets, you can call it digital silver, digital dollar etc.

Actually, cryptocurrency is a very good asset or money because we can always save or exchange it for fiat everytime the price is increasing therefore we will have a budget for our own needs.

Exactly, bitcoin is like a digital gold because its value are comparable to gold in reality but it differents to its platform because its risky investment currency. Bitcoin is a very good assets now a days for the bitcoin fanatics because they have already known what is all about in crypto.

Bitcoin is a digital currency ,that's it. We can use bitcoin as easy transaction through internet, everytime we use bitcoin we need an internet so we easily connect on it.

To be honest, I don't think that Bitcoin is a digital gold because it has the different fundamental principles as compared to that of gold. Gold is not the asset class of investment, it is good for hedging in my opinion and on the other hand, Bitcoin is a payment system in its core (and since it is in the early phase of development, there is an opportunity to make money from the speculation). Thus, I won't compare Bitcoin with any other asset class, to be honest.

Yep, BTC is similar on gold but it is a virtual although gold is often virtual because investor more often buy rights (futures, options, forwards, ETF and so on) but not a natural metal. As BTC is a major coins on a crypto market as well as gold is the most important asset on a commodity market.

I agree with you completely. Its damn true!

but the difference in bitcoin is that bitcoin is now a big risk. in contrast to the original gold asset that price increases and price reductions are not too numerous and significant

If bitcoin is the only way to overcome some of the weakness of gold, you are too small for bitcoin. What makes bitcoin even more powerful is that it is a currency that can be programmed. For example, I can set the money and no one can move until a certain condition is satisfied, thus avoiding the corruption of charities and government agencies. I can set that if the money has not been moved for a while, it will automatically be transferred to another wallet, which will solve the problem of inheritance. I can set, meet certain conditions, at a certain rate to a wallet, and this solves the problem of automatic payroll. At the same time, bitcoin is not only a currency, but the block chain technology is also a proof mechanism. Under the block chain technology, the low-cost Internet of things becomes possible.

Crypto currency like bitcoin is valuable and it is available in the market the value to people is because of the importance to the people and it is like a digital gold because those who have holding these for future they can keep it and it is also transferable currency.

Electronic currency is our future. The world needs to develop and that gives us the today bitcoin it is definitely a step forward! I believe that he will turn and throw out the outdated dollar and all who supervises him!  8)

 I would agree with most and say  that it is digital gold. You can get so many uses out of bitcoin.

although bitcoin is far from gold, but most people assume that bitcoin is indeed a digital gold. we know that most people use gold to be used as an investment tool. however, lately, bitcoin is also used as an investment tool similar to gold.

Bitcoin must be regarded as a digital gold.Because the price of gold is not less than that of Bitcoin.It is done through transactions online and the work is completed. However, it can be termed as a digital asset in terms of price.

,yes i think it is similar to gold, but it is decentralized that is what makes it different. although some other features are kinda similar to gold, the concept of bitcoin differs depending also on the usage and other significant features.

I do not think Bitcoin is digital gold. Gold is a physical investment, that is, it can be put in a safe. It is for this reason that gold was always invested in crises, because it loses less in value.
Bitcoin is something like a world currency.

You can call Bitcoin as you want - the King, the mother of all cryptocurrencies, the gold...For me, it is the first and the most powerful crypto that is also the leader now. Investments in it are profitable.

Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, the same as cents in Dollars or Pennies in Pounds, we can buy less than one Bitcoin), Bitcoin technology is also stable and will not degrade, nor can it be made fake Bitcoin. Besides, unlike gold, we can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.

Yup!! It is digital gold.Because Bitcoin is worth more than all other coins.It is also worth the equivalent of gold.However there is a difference between gold and Btc that is a physical asset and another online transaction.They are same in case of price.

Well you know gold is more or less stable and ever increasing and still we aren't able to find something that is as pleasing as gold , something that could replace gold entirely.
The thing Is Bitcoins is replaceable there are many market alternatives for Bitcoins and thus I don't think it's equivalent to gold .
It is equivalent to gold in many respects but it is still different.

Definitely it's a digital gold ,we can imagine this gold and get this digital gold as a exchangeable currency :D

I don't support its comparison with gold. The value of gold is much inferior to it so why should we then compare?

can be said so, because bitcoin is a lucrative investment asset compared to the function of bitcoin as fiat.

Yes bitcoin should be considered as a digital gold.  The value of bitcoin is more than compare to gold. Bitcoin is a good investment than gold because the value is very high in future than gold. Bitcoin can be used as transaction through internet. At the same time we can transfer the bitcoin from one account to other anywhere in the world.  It is not possible in the gold. If you invest in bitcoin and hold the bitcoin for long term surely it will double the profit.

I agree  that bitcoin is like a digital gold because of the brilliant Price value, not only for color matching compared but also the value for every 1 bitcoin and the value of Gold it makes  really similar. these both subject are classified as high selective than the other types of wealth.

I agree with that bitcoin is a digital gold but in any aspects gold and bitcoin is different. For me bitcoin is more productive in people I mean many investors invest their money to bitcoin even they have a small or big amount of investments it is still a investor. Unlike to gold only those can afford to invest to gold can only join to it. I don't want to compare their both advantage and disadvantage but I really like bitcoin to invest than gold.

Yes, this is very true because it has all the features of gold. This digital currency can be mined like gold using either sophisticated or simple machines which help to determine the returns depending on the power of the mining device.

Bitcoin cant replace gold. But bitcoin can reach the level of gold. Because gold is so very expensive and rich people can own only the gold, unlike bitcoin Everybody can hold it, and bitcoin is big help to each and everyone.

I think yeah. But there is a difference between gold and digital gold. Talking about Bitcoin as a digital gold, we actually give it a high standard that has been only given to gold sine ages. Gold has been considered as the standard against which all other assets have been valued. Bitcoin has the same status in the crypto world and is one of its kinds. Furthermore, it is the first and the only coin so widely accepted and traded.

If you compare bitcoin and gold, gold has much less volatility relative to the dollar, so gold is less risky asset than bitcoin.

it may be true there are many similarities between gold and btc in terms of usability as a limited investment tool and have valuable value but nevertheless in its form still gold and btc are two different things, in my opinion because there is a real physical gold at least it reduces the risk in investing different with btc that is not physical but if you see the benefits I think btc more promising for now

 agree it's a digital gold. You can compare them to what I think because of their price as if they were equivalent. It will only be a fiat money when you are exchanged. Bitcoin and gold is a decentralized you can sell it to different people and can not be controlled by anyone.

yes I really agree with your statement completely true, bitcoin like gold but in digital form but if you talk about gold and bitcoin of course both have difference from total supply owned bitcoin can be counted whereas total gold supply can not be counted because gold is stored in earth still very many while bitcoin is very limited.

I don't want to compare Bitcoin with gold. Because both are having different purpose. Gold is a stable asset, which can be used to store wealth. On the other hand, Bitcoin is a very volatile asset, which can be used for investment.

That is true, if we gonna talk about gold it means it is exchangeable in different ways and it is also in demand. Well, based on the study for now Digital is really gold because it is rare and the product exist in the latest generation while the momentum of it's existence is gradually functioning. That is the reason why their are many bitcoiner wanted to have these.

but it have same purpose invesment.bitcoin and gold have same similarity, people said that they have limited supply that influence price.much commodity expert said bitcoin could be added to commodity board exchange.

I think maybe it is a digital gold cause we all.know that bitcoin is so expensive and valuable in our generation we should read more about bitcoin.so we will understand what bitcoin really is.someday bitcoin will be world currency.it should be ours too.so read more and think about

we can say like that,bitcoin and gold have several similarity.especially in supply that limited and its price.much people want added bitcoin to commodity board exchanger and consider as asset , not currency.

I think more than yes, no. Bitcoin has properties inherent in gold. It has a great potential for a funded system and the formation of a reserve of digital currencies. Its uniqueness and transparency distinguish it from existing assets. I believe that in the long term bitcoin will be of interest to banks for the formation of a reserve.

When we compared bitcoin to gold is not a right thing because it is not as older than gold so bitcoin needs more time to prove the value of the bitcoin hope it will be works soon.

Bitcoin can be considered gold, as its value is very valuable and the cost is high. You can also change bitcoins for gold, which means they equivalence.

It could be but it isn't the same cause gold is a thing that we know and price of it will be just going down or up not that much like btc price cause thanks to that crypto has now its beggining it makes itself more volatility than gold.

In general, both gold and bitcoins are valuable assets. However, gold has long been considered the safest investment of money. Bitcoin is volatile and, in essence, represents a very risky investment.

Over the centuries, gold is seen as a high-value object by many people in the world. It is important to know that gold itself has no value - gold is just a shiny stone.
 Gold is also soft (gold can be melted and shaped into small units like coins, and more importantly when you change its shape into smaller units, it will not lose its value - unlike diamonds).

Bitcoin is more than gold. In addition to the qualities gold has, bitcoin is enhancing peer to peer payments seamlessly across borders. It is easily convertible to all major currencies around the world. It is also accepted across the counter in many shops.

I disagree a little bit with this, with bitcoin there is an illusion that there are many alternatives but most coins out there are just copies of the original and do not bring anything new, or if they do it is nothing that is too significant or an improvement over the original coin which is bitcoin, so in my opinion the only thing that bitcoin is lacking to be a form of digital gold is stability.

yes it is digital gold in this generation cause we are all know that bitcoin is very expensive and just like gold it can be mined. bitcoin is very expensive and valuable in people that know it. bitcoin is not the way you think it is. bitcoin has a routine that it always walking path form. maybe we are still non educated on what really bitcoin is

I think its true that bitcoin is digital gold. And bitcoin is better than gold i think. With limited supply and can transfer anytime with lower cost, bitcoin have more advantages than gold. As investment, bitcoin is more profitable than gold

Yes, I think Bitcoin is digital gold. I agree with that and also bitcoin can be a good way to move forward in digital world and bitcoin is also support exchanges as normal paper currency in almost all over the countries in the world , so my opinion is bitcoin is the next generation of gold. maybe in the future, Gold is not physicall but digital.

In ten years, Bitcoin could comfortably hold 10 percent of the value of gold, which would mean a conservative price estimate of $40,000. A lot of this depends on how quickly real-world utility applications can be implemented for the cryptocurrency and the assumption that it continues on a similar trajectory to gold.

I agree with you that bitcoin is digital gold. as the development of the bitcoin era will continue to increase and also get the enthusiasm of its users. Bitcoin becomes a profitable investment for the future just as much as gold. So I agree with your opinion.

strongly agree me with your opinion, it is bitcoin is a digital gold that rarely people know it. especially after finding it there must be hidden treasure. let alone bitcoin can also be used as a treasure in the future, and no one duplicates and organizes bitcoins as they please

I think Both bitcoin and gold can act as a store of value
Bitcoin can also be transferred electronically, the place where gold fails, and is very easy to transfer and to verify that it is legitimate, and that is why it can also act like cash and not just like gold.
Gold is decentralized, can not be controlled by anyone and nobody can print or make new gold from where, like bitcoin, the price is determined by real time trading, and nothing else, the inflation rate can be called fixed because no organization can decided to change the rate, but we can not tell if someone will find a new gold mine or a planet full of gold in the future.

Personally, I am skeptical about this statement. While everything is fine, bitcoin can be compared with digital gold. However, it will not always grow and increase in its value. Already, certain problems are outlined in this regard. What will happen to your digital gold if bitcoin falls significantly in value?
In addition, a second scenario is possible. Let's say bitcoin will grow very much in price. Investors are happy, but will worry about their assets in bitcoin. And the volatility of bitcoin will manifest itself at its high price values ​​and, quite possibly, even more, because the range of price fluctuations will allow it. If volatility in time coincides with negative news, then the nervous will start selling their bitcoins with the fall of its rate. A panic will begin, which, according to the domino effect, will very quickly lead to its depreciation or a very substantial drop in its rate. What will happen with digital bitcoin gold?

really bitcoin is digital gold .. because the price of 1 bitcoin very far exceeds the price of 1 gram of gold.

It is a digital gold because of its price. Aside from being valuable coin, it is also a trusted and reputable one. Gold is being mined and bitcoin is also mined. Gold is indemand element and all countries recognize it. Bitcoin too has high demand. Bitcoin is the new gold.

yes Bitcoin is the gold of the future because it has a function as a commodity and has another function again and it makes bitcoin better than Gold for example a very useful blockchain system

I have heard from many people who like digital currency that they value it as the gold. I can say that it is possible to name it the digital gold because it is not less valuable today and its popularity grows every day

Yes, I think that bitcoin is digital gold. Satoshi Nakamoto wanted bitcoin to become a currency but the people have already turned it into a kind of investment. Many bitcoin are hold by investors without being spent. Therefore, people truly turn it into gold

A lot of times bitcoin is being compared to gold because it is indeed both a great assets. Bitcoin is as precious as gold its value gets higher as time goes by. But one of the features of bitcoin that is unique from gold is that it is digital and work by means of technology.

Take a look at the logo of Bitcoin. It is a gold coin. When Satoshi Nakamoto compiled the first public open source version of Bitcoin Core in 2009, he designed the icon for executable file with the yellow coin and the text "BC" painted on it. Yes, Bitcoin is a digital gold among the crypto currencies.

 Yes, Bitcoin is a Digital Gold. Gold maybe a Solid asset, used as the Financial Asset by its government during the early year of trading and until now still use as collateral for trading.But with this emerging crypto currency market trading Bitcoin is the talk of the town in the market place. In reality we can not simply compare a Solid asset to Digital one, both are with different qualities, and status in the market.

In monetary terms, bitcoin trumps gold. BTC can infinite integral, easy to carry, this is a big threat for governments of monetary policy), payment speed, easy to discern between true and false, it is said that made the fake BTC cost is high, it is better to invade the traditional banking system more easy). So, from a monetary point of view, gold is a currency about to be eliminated.

Maybe it is or maybe not. But bitcoin is sometimes called a digital gold because of how its prices increased a lot in a few years span. Bitcoins are also mined so maybe it is a digital gold then.

If you have thought and said so, I see that you are not wrong, bitcoin is like gold, especially those who are bitcoin members will appreciate their value and will treasure them as precious even gold than gold.

bitcoin and gold have some similar resemblances. and this affects the prices of these two commodities. with limited supply will make bitcoin and gold more expensive.

Yes. Bitcoin could be label as digital gold. It is often compared to gold since they are both great assets. Bitcoin is as precious as gold. But unlike gold, it could only be mine in the digital world.

True bitcoin is digital gold
Because this bitcoin increases sharply every year compared to gold. Therefore it is very profitable if we have bitcoin for future investment

Bitcoin will be the digital gold of the future!
BTC's scarce performance has allowed it to gain public recognition. Bitcoin transactions can be tampered with under decentralized mechanisms and thus have value!

Definitely, bitcoin is the digital gold because it is precious as gold. Bitcoin's price soar high over the past 9 years. That is why many people would want to own one.

I have read that it can be really called so because Bitcoin is a great currency that will help everyone to realize its great pros. I am sure that btc is strong enough to become very popular and it will be approved by most governments

We can say that bitcoin is digital gold because it gives us such great value as the gold that we have had for thousands of years in human history, the value it gives us. It is undeniable that we can compare it to digital gold.