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Question: Do you think Bitcoin is a store of value, or a payment system?
Store of value
Payment system
Neither
Both
It depends

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Author Topic: Is Bitcoin digital gold or digital cash?  (Read 11980 times)
dyewic
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January 04, 2018, 11:53:23 AM
 #341

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

On my opinion I think that, It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. In addition, It is interesting how the marketing has changed over the years. And it seems it wasn't that long ago that it was trumpeted as both gold and digital cash. But I also agree on your opinion that, it is an value storage token that has got the similarities of digital gold. One thing that makes it better than the digital gold or digital cash is it's evolution within the system or technology unlike the commodity value. The value has now getting closer to gold and soon it would cross it growing big.
randal9
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January 04, 2018, 01:01:37 PM
 #342

I think that it can be both, but the right moment to use it as a cash is very complicated...so it's digital gold for me
gundala
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January 04, 2018, 11:47:55 PM
Last edit: January 05, 2018, 12:23:56 AM by gundala
 #343

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

cybersofts
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January 05, 2018, 12:11:40 AM
 #344

Bitcoin is both a digital currency and a store of value too. Bitcoin can be use to as a currency to send payment from one person to another. And also bitcoin can be stored of as commodity for long-term for the value appreciate and then sell it later for profits like gold.
Shady
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January 05, 2018, 12:19:58 AM
Last edit: January 05, 2018, 10:17:16 PM by Shady
 #345

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

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

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

Memenya
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January 05, 2018, 12:43:32 AM
 #346

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

I think you never send bitcoin from one wallet to the others so thats why you say that bitcoin is fast.
I agree when you said bitcoin is dynamic or fluctuate but bitcoin is not so fast if we use it for currency.
MakersONE
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January 05, 2018, 12:45:03 AM
 #347

In fact, there is no fundamental difference. What does it matter how to call it, if in fact bitcoin does not change its properties because of this, right?)
aray80
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January 06, 2018, 04:32:02 AM
 #348

I think, creating profits like storing bitcoin as an investment and selling it when the price goes up is similar. so bitcoin can be a digital gold for investment or digital money for transactions ...
Adhesive201
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January 06, 2018, 09:35:06 AM
 #349

You just pay in fiat and the restaurant receives fiat, you're just exchanging coins from fiat with your cc card issuer.
harbin55
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January 09, 2018, 10:09:12 AM
 #350

Both the bitcoin is a digital gold since it represents that they are the always number one and leading electronic coin in field of cryptocurrency and the digital cash which will provide you a better life.
Bitcoin can be used in all means of tranasaction which helps everyone to become successful.
hunter50
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January 09, 2018, 10:38:35 AM
 #351

Bitcoin is digital currency. It's not gold  but more goldy than gold.
RakknRoll
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January 12, 2018, 04:35:01 PM
 #352

For me it is a digital gold, because bitcoin has a high value than cash and we know that gold has a more or high cash value thats why I said that bitcoin is digital gold.
nyong
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January 13, 2018, 03:55:06 AM
 #353

bitcoin is digital gold, because in bitcoin you can buy or sell bitcoin like a gold
Mssafrudin
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January 26, 2018, 05:00:55 PM
 #354

Bitcoin is the currency for a very open and dynamic future, this transaction is very easy and fast *
BlasterS
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January 29, 2018, 04:30:20 PM
 #355

Bitcoin is a digital gold since it is more expensive and lots of usage. Bitcoin is a gold not only in price but signifies glory along its journey.
Genosx
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February 05, 2018, 03:38:16 PM
 #356

Bitcoin is digital gold since its value is more valuable than ordinary local money and it always increase the value of it.
In the same manner it is a digital cash which have a monetary value that you can used in all means of transaction to promote convenience to everyone.
jeepuerit
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February 07, 2018, 06:41:12 AM
 #357

I do not know what bitcoin is, but he's not gold nor cash, but can use more income and gambling.
I do not have a bitcoin yet but I'm paying for it.
On the internet just because bitcoin can be used, when there is no internet bitcoin as well.
Finley.398
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February 07, 2018, 06:43:25 AM
 #358

For me its both, soon using bitcoin in bills and other payments will conceptualize bitcoin as cash and the possibility of profit just by saving bitcoin only means it can be slightly considered as gold.Gold is not a currency and it's just a form of material having precious value and established to be having a price which is sold to the consumers and most people liked to use it as jewelry and collection as well as investments. Digital cash from bitcoin is profitable and can be used for daily living which is for our spending.
Adam.678
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February 07, 2018, 06:44:45 AM
 #359

For me, bitcoin is a digital gold and currency because bitcoin is minable the supply is limited and it has stability like gold. On the contrary of what people think, bitcoin has infinite supply. All those altcoins popping up every day are side chains of bitcoin. They do exactly what bitcoin does. So bitcoin differs from gold in this matter.
Dylan365
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February 07, 2018, 06:46:09 AM
 #360

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