coinkeke (OP)
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March 19, 2018, 09:13:45 PM |
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The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
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andylowe
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March 19, 2018, 09:17:07 PM |
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The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Yes, bitcoin is a digital gold that is more popular and famous in this generation. Bitcoin is our gold because of its higher price that is more than a gold. Bitcoin is really great and useful for everyone. Bitcoin is for our future so must keep treasuring it. We must keep it and keep trusting it with all our hearts. |
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jems
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March 19, 2018, 09:57:16 PM |
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The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Yes, bitcoin is a digital gold that is more popular and famous in this generation. Bitcoin is our gold because of its higher price that is more than a gold. Bitcoin is really great and useful for everyone. Bitcoin is for our future so must keep treasuring it. We must keep it and keep trusting it with all our hearts. I think gold is very different, because the comparison is not just about price. funsgi and usability of gold is very different from Bitcoin. So obviously gold and bitcoin can not be equated. Gold has been trusted since thousands of years ago as a valuable commodity and the price is stable. I can not guess the bitcoin will last thousands of years. |
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jcpone
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March 19, 2018, 11:36:30 PM |
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Yes, bitcoin is digital gold, the value of bitcoin is like gold, it is also popular and many investor keep it is as a treasure. Bitcoin is also use in daily needs.
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squatz1
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Flying Hellfish is a Commie
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March 19, 2018, 11:40:11 PM |
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It depends on the way in which you use it. If you use it like a currency, then no it isn't even close to digital gold. But if you are to use it as an investment, it could be digital gold -- as you're just sitting around and waiting for it to be worth more (which is what a lot of people do with bitcoin and gold)
So yes and no, depending on the way in which you use / see bitcoin.
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Whibu
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March 19, 2018, 11:42:40 PM |
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Until now bitcoin has always been the ultimate cryptocurrency, and indeed I think ethereum can be a bitcoin substitute for the future and that's great.
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filharvey
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March 19, 2018, 11:43:58 PM |
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Bitcoin is termed as digital gold as its value has increased tremendously and also as it has attracted more gold investors.But still,gold has been used as a safer investment for centuries and it's free from high volatile nature which bitcoin lacks.
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Saisher
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March 19, 2018, 11:48:59 PM |
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Everybody who is into cryptocurrency will consider Bitcoin as a digital coin and a pioneer on this technology and it will stay that way as long as people keep buying and trading bitcoin so far there is still no replacement and they are still the number and in demand cryptocurrency in the market.
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1nvestments
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March 19, 2018, 11:53:27 PM |
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The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
I think that bitcoin is the new gold. Many investors are starting to move part of their portfolio into bitcoin which is good news. IMO we should see even more people doing that within the coming years. A good place to park your money for the future , better than gold if you ask me ! |
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DooMAD
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Leave no FUD unchallenged
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March 19, 2018, 11:56:08 PM |
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Aside from the part where the OP is once again copy/pasting articles without crediting the source, or adding any of their own thoughts and opinions to the discussion... No, Bitcoin is not digital gold. Bitcoin is digital freedom. In a world of " embargo this, sanction that, economically isolate them, blockade those borders and build that wall", you can now completely ignore all of it and trade with whoever you want, whenever you want, with no one getting in your way. No governments, no barriers, no permission required. Everything becomes open and accessible again. Gold and other precious metals will never give you this level of freedom. Why compare Bitcoin to something that will never be its equal? |
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Grayy
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March 20, 2018, 12:02:05 AM |
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It is a digital gold and even one of the greatest investment branches in the world now. Despite the recent dip investment in bitcoin still out outweigh fiat investments. Trading with one Bitcoin can possibly earn you more profits than what bitcoin equivalence in fiat will earn you even in a week.
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Vinz2017
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March 20, 2018, 12:03:50 AM |
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The world is always in tge process of evolution as proved by the digital currency started by bitcoin as the father of cryptocurrency the main topic on this forum is bitcoin is the digital gold , why because bitcoin appreciated everyday,months and years despite of its volatile markets ,many investors all around the globe bussinessman,celebrity,companies l,singers and etc because of appreciating value from now to the next period if bitcoin is nothing at all why many investors buy when the bitcoin price is dump .So bitcoin now is consider as the store of value coin.
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Fire316
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March 20, 2018, 12:05:22 AM |
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The billionaire venture capitalist is doubling down on BTC, likening the digital coin to gold’s online equal.
Thiel touts the No. 1 cryptocurrency for its size and its ability to compete with gold as a safe haven, saying at the Economic Club of New York:
“I would be long bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you’d bet on would be the biggest,” said Thiel.
But with the exception of a few digital coins, Thiel remains neutral on the rest of the cryptocurrency pack. He didn’t dismiss the possibility that bitcoin could be surpassed by Ethereum or other altcoins that prey on the leading cryptocurrency’s weaknesses, but bitcoin’s strength is in its size.
Bitcoin controls more than 40% of cryptocurrency market cap compared to almost one-fifth for Ethereum, as per Coin Market Cap data cited in CNBC.
Yes,bitcoin is a digital gold because of it has a higher value like gold and it has a huge community that support bitcoin which make it valuable. It is a good investment in today's generation in which we use also a new and modern technology. |
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jayco25
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March 20, 2018, 12:27:41 AM |
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In my opinion Bitcoin can not be called digital gold because the price of gold does not fall. The price of gold continues to rise and there is no risk of falling its price. Bitcoin has a period of ups and downs so people who are investors can lose. But bitcoin is appreciated if it is only used in the future as it benefits the real world
#Datarius
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faceoff97
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March 20, 2018, 12:38:04 AM
Last edit: March 20, 2018, 01:30:32 AM by faceoff97 |
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Comparing it to gold would make people easily understand what this technology is all about. Bitcoin is actually the new gold. Bitcoin is termed as digital gold as its value has increased tremendously and also as it has attracted more gold investors.But still,gold has been used as a safer investment for centuries and it's free from high volatile nature which bitcoin lacks.
Bitcoin is not growing proportional with Gold, bitcoin is volatile while gold is not. The bitcoin might suddenly drop in value while gold maintain its value and increase even more as time pass by. |
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Qunetick
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March 20, 2018, 12:38:29 AM |
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In my opinion Bitcoin can not be called digital gold because the price of gold does not fall. The price of gold continues to rise and there is no risk of falling its price. Bitcoin has a period of ups and downs so people who are investors can lose. But bitcoin is appreciated if it is only used in the future as it benefits the real world
#Datarius
Well i think so, but i also believe that it is really considerable as a digital gold. Because if we really have now bitcoin we can really have more fiat if we are going to make a conversion on it. So then if we speak about profit bitcoin is now really profitable and it's value is considerable as gold. |
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abelmon66
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March 20, 2018, 12:41:19 AM |
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Bitcoin is the first crypto currency created and bitcoin is always king in the world of cryptocurrency, and ethereum is also a very good coin, maybe one day ethereum can replace bitcoin, I believe it.
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timikulit
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March 20, 2018, 12:51:18 AM |
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No its not. Bitcoin is much more valuable than gold. Gold are mine-able without definite supply. Which means the more gold miners, The more gold will be there available in the market. Bitcoin is different, It has a fixed quantity of 21 million and nothing more after that. Bitcoin is not a digital gold but a storage of great wealth which enables a person to transfer instantly without intervention of 3rd party.
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marjon
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March 20, 2018, 12:53:24 AM |
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There are few certain cases to be considered and cannot. Rare, Valuable, minable & Tradable are among of keywords they maybe in common. However, they're not when it comes to Volatility & Security though maybe because, Gold is centralized and backed by many assets and fully supported by any institutions. Unlike this Decentralized Bitcoin, a virtual currency on its norm.
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shainasaz
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March 20, 2018, 12:53:44 AM |
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Yes it can be part bitcoin as a digital gold because of its value in this era but although it is closely to inclusive value with a digital gold, we cannot say on how bitcoin can survive the stability like gold because bitcoin is more volatile value than gold and gold is the ancient valuable things in this planet until now gold popularity not yet end no one can say that it will be end. I don't think so bitcoin can compete the stability, popularity and the valuable that will long last.
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