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Vessko
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July 08, 2017, 04:18:16 PM |
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It's not gold, but it will be more goldy than gold.  Bitcoin is obviously called as digital cash and it can also be considered as digital gold because, we can get good profits by investing on bitcoins its value gets high day by day same as gold or more than gold infact. |
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Lampaster
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July 08, 2017, 04:25:03 PM |
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What is digital gold? I don't understand this term. Gold is the metal material which has its limit on earth and has unique properties. Gold will always have its price and therefore has an advantage over digital currency.
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mdzahed134
Sr. Member
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Activity: 2142
Merit: 259
Vave.com - Crypto Casino
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July 08, 2017, 05:23:21 PM |
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I think is bitcoin is digital gold.
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LodisMcguire
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July 08, 2017, 05:37:05 PM |
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For now it is a digital gold,because of the high value and it will be harder to mine over time
With the current high fees,bitcoin can't be treated as currency to use for everyday payments because it will be too pricey
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Alkamar
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Activity: 3
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July 08, 2017, 07:14:42 PM |
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Bitcoin is a complete payment system, this is how it was made and what it was intended to be, The fact it serves as a store of value with volatility and the ability to earn profit trading and hedging it is an additional aspect that does not change it's intentional purpose of a cross-border payment system with no restrictions and central authority.
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bryant.coleman
Legendary
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Merit: 1217
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July 08, 2017, 07:19:32 PM |
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For now it is a digital gold,because of the high value and it will be harder to mine over time
With the current high fees,bitcoin can't be treated as currency to use for everyday payments because it will be too pricey
The best solution for this high fees is to use BTC indirectly, through third party payment processors such as Coinbase or BitPay. Coinbase to Coinbase transfers can give you instant confirmation, and the fees will be quite low. Anyway, I hope that the issue with high fees may be resolved once SegWit2x is activated with more than 80% support. |
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EddyGameta
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July 08, 2017, 07:33:44 PM |
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At first time i saw bitcoin as digital cash, because of they almost zero fee then nowadays bitcoin not have a cheap fee. But now i prefer to say bitcoin as digital gold or digital assets and it more suitable for future
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Eternu
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July 08, 2017, 07:40:25 PM |
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Well i would say that it is both. Why would i say that, well it is simple. People use it to buy things, and also people are get payed with bitcoins for jobs they have done, like in signature campaigns. Also it is a digital gold, because most of us made money on price rise (keeping it for longer time). So i guess it is both, at least that is for me.
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Fermin
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July 09, 2017, 06:52:50 AM |
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It is digital cash, its better than gold.I personally see and using more as something that can be seen as Gold. Now all the people are showing interest on bitcoins more than gold. Everyone have to know about bitcoins. By this bitcoin we can do anything shopping / purchase accessories.
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mackenzied
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July 09, 2017, 06:55:48 AM |
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It is digital cash, its better than gold.I personally see and using more as something that can be seen as Gold. Now all the people are showing interest on bitcoins more than gold. Everyone have to know about bitcoins. By this bitcoin we can do anything shopping / purchase accessories.
Although bitcoin is getting more attention, but it can not be compared to gold, it's just a new currency, but and a gem that was favored thousands of years ago, nothing can change it. |
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kafiddrhman
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July 09, 2017, 07:19:53 AM |
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It is digital cash, its better than gold.I personally see and using more as something that can be seen as Gold. Now all the people are showing interest on bitcoins more than gold. Everyone have to know about bitcoins. By this bitcoin we can do anything shopping / purchase accessories.
Although bitcoin is getting more attention, but it can not be compared to gold, it's just a new currency, but and a gem that was favored thousands of years ago, nothing can change it. Of course, although bitcoin is now more popular than gold and other precious metals but bicoin function can not replace the function of gold and gems as jewelry that certainly has a better history and longer than bitcoin. |
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RichardThessen
Newbie
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July 09, 2017, 08:28:25 AM |
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Proponents of Bitcoin as ‘digital cash’ place more emphasis on the accessibility aspect, arguing that its transaction fees should be low, whereas proponents of Bitcoin as ‘digital gold’ are more focused on its security, arguing that this should not be compromised by efforts to lower costs.
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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July 09, 2017, 08:43:21 AM |
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I'd say it's heading towards digital gold and in a way that's a necessary thing. Digital cash does not require the rigour that digital gold does. If you're looking for something cash like all you need is for it to retain some value. Gold requires far more. Bitcoin is the only thing that might just have what it takes to be digital gold.
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MarconyGL
Full Member
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Activity: 462
Merit: 101
https://saturn.black
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July 09, 2017, 08:45:15 AM |
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Bitcoin is a digital currency. I never equate it with gold, because it can not be touched. Even if it is more expensive than gold, but still it will remain only electronic currency.
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gentlemand
Legendary
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Welt Am Draht
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July 09, 2017, 09:17:49 AM |
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Bitcoin is a digital currency. I never equate it with gold, because it can not be touched. Even if it is more expensive than gold, but still it will remain only electronic currency.
But as a currency at present it's shit. It costs money to transact and people are incentivised to hold on to it. Both of those factors are diametrically opposed to what a currency should do. |
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calandra78
Copper Member
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July 09, 2017, 02:00:59 PM |
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for me it's both too that Store of value because if i store my bitcoin and hold for long term it will more valuable than now and Payment system because bitcoin can use for buying several needs just like traditional currency and bitcoin is not gold but in the future it will more shiny than gold
Save the value it does good will but I like digital cash because with so we can process all transactions with ease and can be beneficial also for the present and the future. included in the pambayaran system. as for bitcoin it's also very useful for online transactions and long-term later due to correct what you say that bitcoin will be brighter compared to the actual gold. |
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Vishnu.Reang
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July 09, 2017, 02:16:12 PM |
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The OP should have removed "both" option from the poll. It would have been interesting to know how many people regard Bitcoin primarily as a currency (which can be used for investment purposes as well). For me, right now it is like an investment asset. But as time progresses and more people began using it, the exchange rates will stabilize and it will act more like a currency.
Right now my bet is on 99%. I'm actually getting tired of the wave or newbies claiming that you should invest in bitcoin and that you're stupid to buy things with bitcoin cause bitcoin will grow forever. And this whole segwit drama and some idiots claiming that things are good as they are know with 2$ a tx just made things worse probably cutting a lot of daily life usage. When an asset gives you 1,500% returns in 18 months, you can naturally expect noobs to jump in. Everyone dreams about getting rich one day. It is not a crime. The chances are quite low (may be less than 1%), but even then it is worth going for it. |
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Hhampuz
Legendary
 Online
Activity: 2856
Merit: 5917
Meh.
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July 09, 2017, 02:18:08 PM |
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I'd argue that Bitcoin is both in this case and right now. I'm certain we will always have Bitcoin and that whatever comes after that will act more as the cash of the internet will also be paired with BTC. It will be the safest ledger and blockchain that we'll have throughout time most likely and that will be what really matters. Bitcoin is the standard and the protocol that all others will follow.
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Chumlee
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July 09, 2017, 02:26:58 PM |
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Bitcoin is digital cash. Digital gold is something called as ETF, where it is traded on exchanges and regularized by government. Gold is also available physically, but bitcoin wouldn't be available physically for you to exchange.
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Taki
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July 09, 2017, 02:32:33 PM |
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Bitcoin is a digital currency. I never equate it with gold, because it can not be touched. Even if it is more expensive than gold, but still it will remain only electronic currency.
Bitcoin can't be touched, that's true, but bitcoin mined the same way as gold. Even Satoshi Nakomoto was explaining the idea of bitcoin making analogy with gold in far 2010 year: "As a thought experiment, imagine there was a base metal as scarce as gold but with the following properties: - boring grey in colour - not a good conductor of electricity - not particularly strong, but not ductile or easily malleable either - not useful for any practical or ornamental purpose..." By my opinion bitcoin is both, currency and gold, but it took just some characteristics of this two and completed it all together in it's unique nature. |
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