Is Bitcoin digital gold or digital cash?

[Adine.lablab]

Bitcoin is a decentralized currency that allows you to send money from one person to another without involving a bank. You only need your computer or cellphone to make transactions. As the world's leading cryptocurrency bitcoin continues to show as how relentless it is. Even after its most recent volatile rally bitcoin continues to defy the bubble rumor.

[Coinlover9]

It depends on how you see it.In the trading world first it was digital cash and now it's digital gold because of its value.well it can give gold a fun for it's Money that's for certain.

[Usafstar]

In would like to say that bitcoin is a digital cash because if we say that it is digital gold so it will be the form of gold and gold is universally acceptable having a good trust over it. Bitcoin is the digital cash and we can use it for many transactions like the payment system and the online transfers of money therefore it can be said that it is digital cash not digital gold.

[Sean25pogi]

The bitcoin is a digital gold and cash becase you can used it in all kinds or means or transaction in our industry and it has a unique feature like gold which is not subjected to inflation of the country.

[diva.man]

Bitcoin can be a safe and accessible currency. By implementing modularity, the bitcoin backbone will act as the most secure settlement layer, while the second layer payment channel can be used as a channel for fast and highly liquid transactions.

[Saidmod]

Its a digital cash and somehow a digital gold that keeps on rising in a particular a digital cash that is use to send payments or do make a transaction or transferring of informations by the use of blockchain which is an open source ledger.

[mayidid]

I think there are similarities with gold, but it's not digital gold, it's digital cash as it's money used to buy anything other currencies can buy.
What makes persons believe it's digital gold it's because the bitcoin is profitable on long run, like gold, while another traditional currencies are very stable or are dying on long run.

[AnnaGeraMsk]

If I bought a cup of coffee for Bitcoin, is it comparable with the money?
  I think so, so bitcoin is an alternative means of exchange!

[Cosbycoin]

Bitcoin can be a safe and accessible currency. By implementing modularity, the bitcoin backbone will act as the most secure settlement layer, while the second layer payment channel can be used as a channel for fast and highly liquid transactions.

Bitcoin can be termed as either of the terms, bitcoin gold or digital cash as this is something which can help you in having a huge amount of money and that too in no time. In addition to this, bitcoin is also a very good way of investing money and that it can help you earn more profit, in fact far more than any other investment too. No matter what you call it, bitcoin will always help you in having more money.

[Chachacoin17]

Bitcoin can be a safe and accessible currency. By implementing modularity, the bitcoin backbone will act as the most secure settlement layer, while the second layer payment channel can be used as a channel for fast and highly liquid transactions.

Bitcoin can be termed as either of the terms, bitcoin gold or digital cash as this is something which can help you in having a huge amount of money and that too in no time. In addition to this, bitcoin is also a very good way of investing money and that it can help you earn more profit, in fact far more than any other investment too. No matter what you call it, bitcoin will always help you in having more money.

Bitcoin can be determined either of the two, a digital gold and a digital cash it can be. Bitcoin is a digital cash because you can change it to a real money and bitcoin also is a digital gold because, it is our gold right now. Bitcoin is our gold that really can help many people and can really help make their lives better than before. Having bitcoin is really great because it can help you and support you for everything.

[jademacoy]

It is indeed like gold that could be also use as digital cash so the answer is both. Since bitcoin came across all over the world and gain its popularity and how people embrace bitcoin the result is that it became a digital cash that its price will go high in the period of time. This is where people got the interest in investing bitcoin and thus make alt coins for bitcoin (since bitcoin price is high). These alternative coins are being modify with the accordance on how it is being used or back up. Some altcoins are back up by real estate property and some are on the fundamentals of life like education. This is where I believe that bitschool does it all when it comes to education. By using the latest trends of education which is the E-learning that corporate with the latest technology and education. Bitschool is widely known since many of us here would like to learn specially in the world of cryptocurreny. If you wish to know more about Bitschool you can visit their website and their you can find interesting things in education. Just click the link provided below:

https://www.facebook.com/BitschoolAI/

[unneros]

It's not gold, but it will be more goldy than gold. 

I do not think it will outperform gold because Bitcoin is currently a growing coin and in the future, it may be developed as cash next to it. Bitcoin in the future can also become real money is accepted by many banks. But money is the most used nowadays and to beat it is very hard.

[taxmanmt5]

Bitcoin isn't a digital gold it's a digital currency.But i think Bitcoin is more than gold its a valuable currency in the world.

You can't compare bitcoin with gold nor with cash. It have there own principle and much difference than a gold.  It is a digital currency or i should say internet cash since there's no form of bitcoins. I mostly use it to make instant transaction with low fee. If we look bitcoin as money it become good since its a profitable currency.

[Granslam]

Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.

Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.

Here's a teaser:

Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?

Here are just a few important details that we need to know first:

- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?  
- What tastes and preferences does Alice have/what prejudices her in certain ways?


We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.

The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit  

This will create mor millionaires in the future that is the way it will affect the future investments. The bitcoin is very potential asset as we all know. Many projects are being made on the basis of bitcoin and it is no way going down in the future. Just imagine price bitcoin reaching hundred thousand dollar would be precious day in lives of people who are holding coins which are bought today.  This will definitely boost their wealth by hundred to five hundred times as compared to today's investment. So it's really a good approach and we should also get engaged with bitcoin investment. The fate of bitcoin is not decided by anyone, it is on its own and looking at the current potential bitcoin looks undeniable investment for long term investors. The reality will be rewritten in the future if bitcoin works like this forever and keeps growing in the time.

[DenisenkoMaria3571]

I for example earn on кpиптoвaлютe already Long enough and Yes there were moments that lost, but basically won

[bayibufo]

Bitcoin Is a Digital Currency.

[petrserebrennikov321]

Another example. I'm in Moscow and I have a bitcoin for $ 5,000. You're in Khabarovsk and I decided to transfer them to you, via the network.

[bolbau]

it depends how people use it and where they are really live (which country). because in the some country, bitcoin and other kind cryptocurrency is illegal for Payment system. bitcoin is also less precise if called digital gold, because gold can be regarded as objects that have a prestige value to show to others. it goes against the bitcoin that we can not even see it. after considering from the function and location of my stay. bitcoin is more worth mentioning as a digital investment asset

[ethereumhunter]

Bitcoin is digital cash, but his potential is very above then the gold, soo some people does use bitcoin to store value against their fiat currency, as well used for saving purposes as well investment at the same time. For me bitcoin is the digital gold, with amazing potencial to grow.

yes, it is far from gold although gold has physical form but bitcoin with the expensive price will be digital gold in the future. maybe bitcoin is a gold in the online life and so far, many people still want to buy bitcoin especially with the price now is down too deep. like gold, bitcoin can use for any purpose but the difference is people still know gold than bitcoin and they still believe to save gold than bitcoin.

[AliMan]

Bitcoin is digital cash, but his potential is very above then the gold, soo some people does use bitcoin to store value against their fiat currency, as well used for saving purposes as well investment at the same time. For me bitcoin is the digital gold, with amazing potencial to grow.

yes, it is far from gold although gold has physical form but bitcoin with the expensive price will be digital gold in the future. maybe bitcoin is a gold in the online life and so far, many people still want to buy bitcoin especially with the price now is down too deep. like gold, bitcoin can use for any purpose but the difference is people still know gold than bitcoin and they still believe to save gold than bitcoin.

Bitcoin is not a digital gold but rather digital cash. Not just because bitcoin price can be differentiated with the value of gold. From the term bit ‘coin’ it means it pertains to cash or coins not gold. But bitcoin can be compared too to gold because in the future the value of bitcoin will be equal or higher than the gold.