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Author Topic: Bitcoin is considered as digital gold  (Read 93 times)
wjchong
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December 07, 2017, 12:08:02 PM
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One of the strategist has predicted that BTCitcoin may reach upto $100,000.What you think, would happen in future?

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December 07, 2017, 12:16:53 PM
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Your topic has nothing with the main text, but I'm ready to reply both.
Bitcoin was called as digital gold long time ago, and the main reason of that was that bitcoin is also can be mined just like gold. This collation is used to explain bitcoin to newbies often, cause of this way it is easier to understand the whole idea of crypto.
Bitcoin is just in the beginning of it's road and today the price is around 14k$ and many experts are saying that the next year bitcoin will cost 50k$ and I use to believe in that. With such temps of growth and demand bitcoin can really cost 100k$ one day.

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December 07, 2017, 12:32:20 PM
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Your topic has nothing with the main text, but I'm ready to reply both.
Bitcoin was called as digital gold long time ago, and the main reason of that was that bitcoin is also can be mined just like gold. This collation is used to explain bitcoin to newbies often, cause of this way it is easier to understand the whole idea of crypto.

that may be it but i believe so many these days are calling bitcoin "gold" because they want to imply that bitcoin is not a currency and it is only a store of value. although you may never know why some people say it, maybe some call it gold simply because they want to imply it is too valuable!

and they may be true, bitcoin is not functioning as a currency these days with these high fees and huge backlog. but what they don't realize is that i am afraid not being a currency can kill bitcoin.

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December 09, 2017, 11:16:34 PM
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Your topic has nothing with the main text, but I'm ready to reply both.
Bitcoin was called as digital gold long time ago, and the main reason of that was that bitcoin is also can be mined just like gold. This collation is used to explain bitcoin to newbies often, cause of this way it is easier to understand the whole idea of crypto.

that may be it but i believe so many these days are calling bitcoin "gold" because they want to imply that bitcoin is not a currency and it is only a store of value. although you may never know why some people say it, maybe some call it gold simply because they want to imply it is too valuable!

and they may be true, bitcoin is not functioning as a currency these days with these high fees and huge backlog. but what they don't realize is that i am afraid not being a currency can kill bitcoin.

I'm worried too, as bitcoin meant to be digital currency as an alternative payment method which is better than fiat currencies with the banks system support it. But current nodes and mempool says the opposite, bitcoin can't achieve the goal of being a peer-to-peer electronic cash system, due to community disagreements and conflicts to agreed on bitcoin scale solution which causes too many hard forks lately that can affect bitcoin hash rate or pools priority to mine bitcoin.
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December 10, 2017, 02:11:15 PM
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One of the strategist has predicted that BTCitcoin may reach upto $100,000.What you think, would happen in future?
It's only considered it's not necessarily like that. Bitcoin is a new type of asset in the market. It's a cryptocurrency it's a very different concept from bitcoin gold. Gold does not depreciate in value buy neither has a spike in value, whereas bitcoin is very volatile and increases in value quite well.

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