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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 12053 times)
Zachary1973
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February 07, 2018, 06:47:51 AM
 #361

When Bitcoin just started, the people that were using it didn't really know how expensive Bitcoin would be mostly because they didn't know how many people will be using Bitcoin for payments.Maybe bitcoin is a combination of both, so can be said bitcoin is cash and gold money depends on the use.
Riley678
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February 07, 2018, 06:49:33 AM
 #362

We can say it can be both thing when it comes to bitcoins.Bitcoins has the price high like gold but not totally leveled with gold itself. There is no inflation in Bitcoin and I can guarantee that the prices will always go up.Unlike the bitcoin where at will have tremendous possibilities.When a person already know well bitcoin, then I am sure when they make investments accounting for or already full with ripe then luck or great profit will always be obtained
ardi28
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February 07, 2018, 06:49:51 AM
 #363

Bagi saya keduanya, segera menggunakan bitcoin dalam tagihan dan pembayaran lainnya akan mengkonseptualisasikan bitcoin sebagai uang tunai dan kemungkinan keuntungan hanya dengan menabung bitcoin berarti bisa sedikit dianggap sebagai emas. Emas bukan mata uang dan itu hanya bentuk bahan yang memiliki nilai berharga dan ditetapkan untuk memiliki harga yang dijual ke konsumen dan kebanyakan orang suka menggunakannya sebagai perhiasan dan koleksi serta investasi. Kas digital dari bitcoin menguntungkan dan bisa digunakan untuk kehidupan sehari-hari yang untuk belanja kita.
Teddy1968
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February 07, 2018, 06:50:44 AM
 #364

It can be called digital gold. Gold value changes over time, so is the bitcoin. Its more than just virtual currency. It gives us opportunities to earn more and different ways.This is a coin and payment system. But now I use more bitcoin for investment. I buy bitcoins and just hold them, then to sell more expensive
Sky5678
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February 07, 2018, 06:51:29 AM
 #365

with the decline in bitcoin prices this does not mean this bitcoin will end, the game stock investment is like this, there is up and down. just follow this now with the state of this bitcoin down. precisely this is the right time to buy this bitcoin, until bitcoin up again then we sell back and finally we get a more certain profit.
Theodore19
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February 07, 2018, 06:52:17 AM
 #366

Depend on the person that will use it. I know some people that are just using it for paying bills and other stuff. Some use it as an investment and some think of it as real money which is just like fiat. I also agree that bitcoin will not be the classic currency because there is a lot of altcoins in the market that are keep coming which they improved some of the features of bitcoin.
David454545
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February 07, 2018, 06:54:36 AM
 #367

Responses such as this really expose the flaws of this poll. By comparing bitcoin to gold and cash there must be some qualities of each that you must be talking about. Are we talking about exclusively gold as value storage and cash as a payment method? If so, then you are right about bitcoin becoming more like cash eventually but being like gold in the present. Your point about inflation does not really make much sense, however.Bitcoin is still treated as a commodity in etf proposal, I agree with you but if seen as an asset, bitcoin is more towards digital gold, this is my personal understanding though the fact is bitcoin is a very flexible digital money.
gcckpxm62308
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February 07, 2018, 07:00:06 AM
 #368

I think bitcoin is both a storage value and a payment system because bitcoin brings us extra revenue, its value is changing over time, and many shops now support bitcoin payments.
Ravenz
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February 07, 2018, 07:01:39 AM
 #369

Bitcoin is the currency of a very open and dynamic future, this transaction is very easy and fast.
So also with our future will be better and will change drastically
JustusJones86
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February 07, 2018, 07:02:53 AM
 #370

Right now its digital gold... lok at the hih transaction costs...
Jessica2009
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February 07, 2018, 07:58:07 AM
 #371

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

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snazir
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February 07, 2018, 11:45:29 AM
 #372

Bitcoin can be gold modern currency or modern cash. This is a payment method that we can spend or save.We can spend the way we are happy. However, it is important to know that Bitcoin will not be gold, but in the future, it will be just gold. Or will accept digital cash And digital gold or cash gold is only when it is transformed into a good asset day by day.
snazir
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February 07, 2018, 11:55:10 AM
 #373

Bitcoin can not literally lose cash, but it can be reduced, And because Bitcoin is considered as an asset, so we can call it gold or cash, as we can say Bitcoin is the digital gold or digital cash.
Laurayaki
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February 07, 2018, 11:56:25 AM
 #374

Interesting question, he introduced himself as digital cash, but after 10 years we see that we can still very little use it as such ..
Sendibere
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February 07, 2018, 12:02:38 PM
 #375

For me it is a Payment service or digital cash and also called the world's first decentralized digital currency. It is according to the European Union. The cash is according to the Transportation Security Administration and the Financial Crimes Enforcement Network.
qiwoman2
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February 10, 2018, 06:33:47 AM
 #376

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


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danggoron
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February 10, 2018, 06:45:59 AM
 #377

For me it is a Payment service or digital cash and also called the world's first decentralized digital currency. It is according to the European Union. The cash is according to the Transportation Security Administration and the Financial Crimes Enforcement Network.
It's just a matter of high transaction fees and long waiting time for confirmation, making bitcoin less suitable for micropayment tools. So its function as investment and commodity is more prominent. In fact, bitcoin can play a double role, as digital gold and digital cash. It's only a matter of time until they can be effective.

sashulya7979
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February 14, 2018, 02:23:57 PM
 #378

This is a digital platinum, When on earth there will be 21 tons of gold, then its price will grow in seconds as now at Bitcoin, and while Bitcoin is ahead of gold, this is the future!
Df9898
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February 14, 2018, 02:26:58 PM
 #379

I think  bitcoin digital cash because we can use bitcoin for buy a item or anything dont like a gold but we can trade bircoin to gold but i think bitcoin is digital cash because we can get item without change to gold first
maydna
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February 15, 2018, 06:40:14 PM
 #380

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

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

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