BITCOIN AS A DIGITAL GOLD

[bocyaj]

Bitcoin is referred to as a digital GOLD because of its value. But for me, bitcoin is a digital currency. We used bitcoin to promote the fastest way or method of transaction as possible. Besides, bitcoin has surpassed the value of digital gold either or it is an asset that can be used as an online payment transaction these days. Technically speaking,we cannot know the cap of gold so we can't really compare it to bitcoin.

Bitcoin is seems to be digital gold.But many coin had potential as like bitcoin,some of them are eth,binance ,Neo .This all had good potential over other and many holding this coin. Many online transcation is with bitcoin and Eth now, so bitcoin will had control ove online transcation

[xiboothrezi]

Bitcoin is referred to as a digital GOLD because of its value. But for me, bitcoin is a digital currency. We used bitcoin to promote the fastest way or method of transaction as possible. Besides, bitcoin has surpassed the value of digital gold either or it is an asset that can be used as an online payment transaction these days. Technically speaking,we cannot know the cap of gold so we can't really compare it to bitcoin.

Well, in terms of value, BTC does surpass gold, but that's not the main benchmark. By analogy, bitcoin is indeed suitable to be called digital gold, its price is high and so valuable compared to other products. In addition, there are limited numbers and must be mined with certain difficulties to get it. As it seems.
Bitcoin is also more multi-functional, it can be an investment asset, trading commodity, and currency for payment alternatives.

[Sadlife]

With current massive money printing doing by banks it is indeed considered as digital gold because of its quantitative tightening with a fix supply and unable to reproduce like gold. But it also more superior to gold because its much easy to use and can be used for payments and trades.

[Xxmodded]

But gold not dump extremely like bitcoin and keep exist on stable price, looking with gold always on the top price although just little change up every year, different when seeing bitcoin could on higher price just few days later but higher risk when bitcoin suddenly down to lower price and keep moving with long term, we must wait when bitcoin keep on higher price or stable with lower price.

[witcher_sense]

Bitcoin is referred to as a digital GOLD because of its value. But for me, bitcoin is a digital currency. We used bitcoin to promote the fastest way or method of transaction as possible. Besides, bitcoin has surpassed the value of digital gold either or it is an asset that can be used as an online payment transaction these days. Technically speaking,we cannot know the cap of gold so we can't really compare it to bitcoin.

Hypothetically, we can compare bitcoin to gold even in terms of scarcity. The maximum supply of bitcoin is set to 21000000 and this number cannot be changed without consensus. Very unlikely to happen, I believe, except that most of the participants, especially those who hold bitcoin since the beginning, suddenly decide to become poorer. In contrast to bitcoin, gold has unlimited supply. As humanity improves technology, it becomes possible to mine gold almost everywhere, outside the Earth. Gold can be mined on other planets, asteroids, comets, etc. We don't know exactly how much of it out there. But the part of the reason why gold is less scarce than bitcoin is because we don't need to come to consensus to start mining in space. If small group of people were to decide to make money this way (by printing gold) we wouldn't be able to do anything about it.

[kotajikikox]

BITCOIN AS A DIGITAL  GOLD

CRYPTO BUSINESS

Nearly Bitcoin referred to as a digital gold start from last year but 2019 when vocubarly became much more realistic. In fact, the idea of Bitcoin as digital gold became so prevalent in 2019 that U.S. Congressman Brad Sherman (D-CA) claimed the crypto asset may be a threat to the U.S. dollar’s dominance in the global economy.

At January of 2020, the similarities between Bitcoin’s and gold’s price movements around increased due to tensions between the United States and Iran did shift the price of gold and Bitcoin, However, longer-term measurements of the correlation between Bitcoin and gold still indicate there is a very little correlation between these two assets.

The digital gold use case is often referred to as Bitcoin’s core value proposition, so a closer correlation with physical gold could indicate a greater level of understanding and acceptance of this point from market participants. Additionally, the introduction of central bank-issued digital currencies could clarify the value proposition of something like Bitcoin in the minds of the general public.

How strong You support the Ideal?


More check on:: https://bizzysumbi.blogspot.com/2020/02/bitcoin-as-digital-gold.html

Depend on how we treated Bitcoin mate,because for those using this as a payment for transacting then this is a different approach while others are taking this as a Holding and with that maybe Bitcoin stands as GOLD in digital ways.

We know how gold has being used now,for investment and not for payment because OLD age ha already passed when people use gold in trading.

[$crypto$]

~~~

Depend on how we treated Bitcoin mate,because for those using this as a payment for transacting then this is a different approach while others are taking this as a Holding and with that maybe Bitcoin stands as GOLD in digital ways.

We know how gold has being used now,for investment and not for payment because OLD age ha already passed when people use gold in trading.

Gold has long been used in investments and transactions, but the most is a long-term investment where every year it is always increasing even once the gold as an extraordinary reference to save.
In 2009 bitcoin was launched then it could slowly replace gold investment on the basis of bitcoin can be said to be the fastest in its growth because of very little allocation in all existing markets and therefore some of the gold and bitcoin I think is equally good for at invest in the long run.