Is bitcoin digital gold?

[coinkeke]

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.

[1714820096]

1714820096

[andylowe]

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.

[jems]

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.

[jcpone]

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.

[squatz1]

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.

[Whibu]

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.

[filharvey]

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.

[Saisher]

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.

[1nvestments]

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 !

[DooMAD]

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?

[Grayy]

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.

[Vinz2017]

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.

[Fire316]

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.

[jayco25]

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

[faceoff97]

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.

[Qunetick]

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.

[abelmon66]

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.

[timikulit]

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.  

[marjon]

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.

[shainasaz]

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.

[cyberkuto]

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 can considered bitcoin as diamond. Value of it is always on top but of course,  there are times that it's fluctuated.  But many people became successful on it.  Very friendly user and convenient in many ways.  Good investment.

[AlexAtom]

It is a quite not right. gold value is stable, but bitcoin is not.
bitcoin need to be used by everyone, so the price of bitcoin will stable as gold.

[CryptoMark2585]

I think its no doubt bitcoin is the next digital cold. its price always increasing if you chek last 1 year graph then u see it why people called btc is the next digital gold last year 2017 this time btc price may be 1400$  and now the price 8 times high so its proven btc is the best asset.

[btccointalk]

Yes, bitcoin is a digital gold. Nowadays people are investing more on bitcoin than gold.

[LindaFallar]

For me, Bitcoin could be a digital gold. This belongs to the world of technology where this is use to earn. Nowadays, people use already the high tech rather than the traditional way of earnings or investing.

[bitcoinskyrocket09]

Well for me it is. Finding and buying gold is not quite easy for a normal and typical human being only people those who have luxurious and right knowledge about btc can buy it and also those people  who are using btc. Imagine that you are buying bitcoin, btc has a value of 8,500usd and that is very big and can buy a lot of stuff. And actually 1 gold bar is 1000usd and up, so in conclusion btc is much valuable than gold. So i can compare it to other.

[d@nte]

If you understand Proof-of-Work, you'll see that this is a good way to describe Bitcoin.
Just like with gold, anyone can buy a miner to start digging for it. And it has a property that, IMO, is very important for a currency, which is a fixed limit in the supply. You could go beyond, and say that with Bitcoin you can do much more than with gold, since you can send it over the internet without having to rely on third parties.

[coin163]

Yes, It is. In my opinion it's more than a digital gold with all of it potential and limited supply.
You can exchange it for fiat, property... manything else like GOLD but it's better than gold!
So why it isn't digital gold?

[fuer44]

bitcoins like digital gold, valuable investment assets and can also be used for transactions. but what makes them both different is the price issue. bitcoin fluctuates, while gold prices are more stable and tend to increase every year.

[Moiyah]

You can say that it is like and most probably the digital gold. I like the terms of it since it resembles the value as of that gold. The more you keep your btc the more you are gaining your profits in the future if it's value increased. Though some characteristics of gold can't meet by bitcoin . For an instance, gold can be used as a conductor of heat while bitcoin is just a consumer (in terms of mining).

[gawer33]

yes it is that's the only thing Bitcoin is successful about storing value, a commodity, it failed to be a currency and money. do you think "most" of the people here buy BTC to exchange goods and services nope I think not they are buying as an investment like gold.

[tiger2monkey]

I think so. I tend to think that bitcoin is more of a digital gold for storing value than a currency due to its high value, high transaction fee and low transaction speed. With the advance of lightning network and other scaling solutions, using bitcoin as a day to day transaction currency may become possible.

[andylowe]

I think so and I think it is also paved the way for other digital assets and contracts but like gold it is the first agreed upon asset but this time completely digital. We will definitely see tons of others come and go but like gold, it still have value and is a storage of wealth.

Yes bitcoin is our digital gold or should we say our future gold that will able to help many people through everything that we needed. Bitcoin is such a great source of income for everyone, it is more useful and more helpful for everyone that really needed this kind of job. This transaction is really a unique form of earning money. Through bitcoin, it will make our life so much easier and can make our life better for the future.

[doraegun]

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 is the exact definition of BITCOIN in real position of Ctypto currency itself known to be DIGITAL CURRENCY GOLD because  of the image they are using is color gold but it is tangible. so my perception is DIGITAL CURRENCY GOLD in this new generation.

[pdutta]

It seems to me that both of them are good for investment and have its own value. Bitcoin is like as digital gold and it can be used for payment transactions, bitcoin fluctuates while gold prices are stable. Bitcoin has given good return after long term investment compare to Gold.

[pekcoin01]

I do not agree with this idea.
Bitcoin will never be as valuable as gold.
In other comments I said something like this.

Gold is not human production, bitcoin is completely human production.

[Btcmarmipp2]

For now we can say bitcoin is a digital gold because of all the coin only bitcoin has the high value in the market. No such coin surpass bitcoin for the past years.

[Wahyu aep]

the safest way. I suggest that you use a hardware purse. You can buy it in the market. Examples of some are Trezor or the Ledger nano. I myself have Ledger nano. I would definitely recommend it to you. This is probably the safest method if you are careful when handling it. If you lose your hardware wallet or break it, your Bitcoin is most likely missing. So in a nutshell you save the key on a Ledger or paper wallet, etc. and then use a known expenditure key to create a transaction and sign it. Bitcoin is much more valuable than gold. Gold is mine without a definite supply. Which means more and more gold miners, More gold will be available in the market. Bitcoin is different, it has a fixed amount of 21 million and no more after that. Bitcoin is not a digital gold but rather a huge wealth store that allows one to instantly transfer

[Athenakim.22]

Bitcoin is far closer to gold. It is a digital equivalent of gold. Bitcoin’s supply is strictly limited. There will only ever be 21 million bitcoins. And the code that controls the issuing of the bitcoins is decentralized among thousands, tens of thousands of nodes that operate the bitcoin software. And if it were to change, it would need the majority agreement of everybody involved. Since everybody involved has an interest in maintaining the monetary policy in a way that maintains the value of the money, it is highly unlikely that we’re going to witness any change in the monetary policy. Even technical changes, like changing the block size or various parameters, have been almost impossible to make in bitcoin.

[heureca]

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.

At present BTC is still criptocurrency#1 and therefore is considered as "digital gold". It is like gold in fiat world (gold also was 1st currency a lot of years ago) 

[iryboy]

As for value concern yes bitcoin is a digital gold but in application both are different.

[elloco4ever]

As for value concern yes bitcoin is a digital gold but in application both are different.

Both differs in many terms bitcoin and gold are two completely different entities and cannot be compared with each other as bitcoin is very volatile and can be highly profitable on the other hand gold is very reliable but less profitable and bitcoin has to be very stable to.be considered as online gold.

[SyrulRamadhan]

Yes Bitcoin is a popular digital gold now in many countries talking about bitcoin, about its positive impact and its negative impact. Some countries accept bitcoin and there are also some countries that reject it

[Tavarez]

Popular maybe but far from digital gold simply because of some other technically more advanced coins. I will mention some of them with better technology behind: litecoin, dash, ethereum, monero as well.

[Roman Coinson]

It is not very correct decision to focus on venture capitalists. These are the most cunning scammers in the world))

[SHOWDENY]

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.

Yeah, I agree. There are similarities between Bitcoin and Gold. Bitcoin has a limit of production of about 21 million and Gold is a non-renewable resources. Gold served as currency many many years ago, used in trading, payments for services and etc. as Bitcoin does today. And I thing, Bitcoin is equivalent to Gold in the cryptocurrency and may named "DIGITAL GOLD" simply because of its precious value, popularity and being at the top of all currencies.

[STERLING98333]

yes,bitcoin can be considered as digital gold.Unlike gold is an asset which can be used for buying our necessities but bitcoin is not available everywhere to buy our needs. ;)Gold is being used for about 100 years but bitcoin is just about 10-12 years old.
Conclusion-gold and bitcoin has some similarity but both are different.BUT bitcoin can be considered as bitcoin gold.

[tiar4dewie]

Can be described like that. But the difference is that the price of gold is more stable and even very stable because 90% of the world's population probably knows that gold is a valuable item.
However, bitcoin may only be 20% only knowing and acknowledging that bitcoin is valuable. And this is why it took a long time for Bitcoin to achieve the stability of prices owned by gold

[BlockFolksHQ]

Bitcoin is the digital gold, although it cannot replace the real gold, but in cryptocurrency, it is the 1st successful coin and it is hardly to replace by other altcoin. Thus it is a gold in cryptocurrency.

[mdrakibul]

 Yes ! Bitcoin is built on an amazing technology. There's a limited supply of it, people are trusting it," h "Remember, this whole revolution came out of a breakdown in trust, it came out of the 'financial crisis where people say, 'We no longer trust financial institutions, we no longer trust governments. Above all we can say that Bitcoin is Digital Gold.

[Milonsa]

Yes! I agree it's the right, bitcoin is digital gold but its the not real gold.I think bitcoin is digital cryptocurrency gold.it's the very interest and amazing technology.bitcoin some poor  people life in gold, because bitcoin people life change,I'm don't believe bitcoin,now I'm believe it,bitcoin from earn money.I'm so happy and it's my digital gold.

[pekavcilar01]

I do not agree with this view.

Bitcoin will never be as valuable as gold. Gold is a precious metal. The world gave us something. Bitcoin is completely human production. My opinion gold will always be valuable.

[Radoyan1188]

Yeah i think bitcoin is digital gold and I think bitcoin is the first digital cryptocurrency gold. Bitcoin is a digital cryptocurrency gold because of all the coin only bitcoin has the high value in the market. bitcoin is always king in the world of cryptocurrency . so i think bitcoin is digital gold .

[Gategold]

Some people are pretend bitcoin as gold, but it's totally different. Although both have in common in terms of characteristics but gold has intrinsic value unlike bitcoin. Bitcoin is only used for profit, it is good for speculative investors.

[Amilhussin24]

That's very interesting Bitcoin is like Gold in the internet, it has a high value, and it is a limited supply like Gold and it also can be mined just like Gold.  It is very useful by the help of blockchain technology, can even sent around the world to anyone It is great than Gold.

[coinminerdotcom]

As for value concern yes bitcoin is a digital gold but in application both are different.

Both differs in many terms bitcoin and gold are two completely different entities and cannot be compared with each other as bitcoin is very volatile and can be highly profitable on the other hand gold is very reliable but less profitable and bitcoin has to be very stable to.be considered as online gold.

I agree with this statement. You can term Bitcoin as the "gold" of crypto currencies. But that is only due to it being a standard. However unlike gold it is very volatile. The gold standard is a very concrete standard with little fluctuation. While the BTC "gold" standard can jump thousands of dollars within an hour.

[mahibul49]

yes bitcoin is digital gold and i can say its more than gold .its asset its life and its future

[pleght]

Absolutely I agree.I believe it will be even more valuable than under bitcoin.But for this, the market needs time.We have to wait a little longer.

[dzhan]

Gold is an physical asset, while Bitcoin is mainly a crypto currency, but considered as digital asset too, like all crypto currencies almost. Both of them (Bitcoin and Gold) are very valuable, and the demand for them is increasing with time. In my opinion BTC is even more valuable than gold actually, since its price keep rising faster and it keep having very promising potential. But gold still the most trusted asset by the majority of people worldwide.

[Chrystora123]

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.

Bitcoin is indirectly Digital gold, not digital money, because money is a means of payment, while Bitcoin is sold in order to earn money. 

[suvo05]

Bitcoin was created intentionally for the p2p online transaction without any middleman. But the popularity and the craze of bitcoin keep gradually increasing and also the transaction fee is also increased. For last 3-4 years bitcoin become the most profitable investment. So overall people started to store bitcoin rather than using it as a currency. So truly it became the digital gold now.

[crypki21]

Yes, the bitcoin is a digital gold that is more popular in our gen.

[must_have]

If you compare price of gold and bitcoin, you can assert that it is really true. But remember, many people feel that gold is the most secure investment. And bitcoin will not replace it

[btcCoincart]

As G20, they said that Bitcoin is a type of assets, it means that we can pretend it is a kind of crypto gold! But need more and more time for this to be acceptable all the world! Hope everyone will accept this soon

[19nataliya12]

Gold as a material by its nature is not useful. Less than 10% of all gold mined is used for some industrial and production purposes. Despite this, people agreed that gold is incredibly valuable. Why?

We will not consider the primeval reasons why gold attracted the attention of society in the distant past. Currently, gold has several excellent economic properties. Gold is difficult to mine, and new deposits are opened very rarely, so its market supply is stable, and the price is not subject to inflation. Also, gold does not deteriorate (it does not dim and does not rust), therefore existing assets remain in a condition suitable for trade and storage. Thus, the price of gold does not fluctuate very much, which makes it a stable means of preserving capital. Moreover, no market or individual player has significant influence on gold. Therefore, the price of it does not correlate with the economy of any country.

Gold acts as a "protector" from the impact of global economic unrest. In periods of downturns and rises - gold remains gold, preserving its independence. Thus, over the past several thousand years, gold is used by society as a decentralized custodian of capital. And it is appreciated precisely because everyone agreed to use it for this purpose.

But! It turns out that gold is far from the ideal means of saving capital. The ingots are big and heavy. The content of storage facilities and ensuring their safety are expensive. Gold is difficult to transport. It can be stolen. You can manipulate information about the presence of gold or lie about "cleanliness" and the sample.

Of course, for all these reproaches, a resident of a developed country will respond - "Well, what's the problem? If necessary, I can easily buy a couple of pieces of gold in special institutions. And if I want to ensure its safety - just put gold in the bank cell. "

[Uncertaintea]

I mean if we are going to describe anything as digital gold then bitcoin is surely the right choice for it. It's obviously an asset which people can invest in and make profit from. It's only fitting.

[cupic]

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 agree on the following views: The bitcoin severity is increasing over time and it is limited.
Traffic volume of bitcoin is now slower than gold.
I realize that gold can be fake and it is difficult to determine the purity of bitcoin and completely transparent.
Gold is not considered as a payment medium and bitcoin is now paid for in Amazon, microsoft and many places in the world.

[cryptohacker29@]

Yo. This is a digital gold of the future or even better.

[RAKib212]

hello ..yes. bitcoin is a digital gold for us. the use and popularity of bitcoin is increase day by day. people use bitcoin for various purpose. so i think it is easily to be said that bitcoin is a digital gold in cryptocurrency world.

[deepakg2m]

Gold is an physical asset, while Bitcoin is mainly a crypto currency, but considered as digital asset too, like all crypto currencies almost. Both of them (Bitcoin and Gold) are very valuable, and the demand for them is increasing with time. In my opinion BTC is even more valuable than gold actually, since its price keep rising faster and it keep having very promising potential. But gold still the most trusted asset by the majority of people worldwide.

My opinion is also same as yours.At present BITCOIN is much more valuable than gold.Its price is much greater than gold and is also increasing very fastly.BITCOIN or cryptocurrency is becoming more popular than other forms of investments ,e.g. gold, as now a days these are being considered as outdated means.

[killerfrost]

I think this is true. Gold is the currency of all countries in the world. gold is the world's stockpile. Gold is the most preferred currency. For bitcoin too, bitcoin is a digital coin but its value is like gold. Bitcoins are widely used throughout the world. Bitcoin has high security and great value. Bitcoin is widely used. so bitcoin may be digital gold.

[Notcalculator]

In a sense yes. Because that's how its being used today. Like Gold. It never had to be a "currency" to succeed. All it needed to do is find a place in society and take power away from the banks. Apparently, it never had to be a currency to do that. Just being "digital gold" is enough.

[lukmandog]

Bitcoin has few differences compared to gold. unless in different shape and system, bitcoin has volatility that gold hasn't. also gold is more stable. despite both need to be mined and become an investment commodities. there are more differences than similarities.

[fulmetal08larz]

I think bitcoin is being considered as digital gold because it is the pioneer in crypto currency world. It is here to stay and once mass adaptation and application have been achieved, bitcoin will have more value than gold. Most corporations are recognizing BTC now and more will follow, read all the news regarding utilization of blockchain by these big corporations.

[buanakata]

Yes, true if bitcoin can be called digital gold. Therefore rather than collecting gold bullion or in the form of a physical for now better collect bitcoin. Although often forged issue we need not worry because the issue or gossip is a financial rhythm that tend to be popular

[Bisul]

Bitcoin values ​​derive from such gold-like characteristics, as well as its function as a payment system like Visa.

[just_Alice]

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.

Technically, yes, but there is one catch. Gold is a property and it is accepted in any country and bank as an investment, meanwhile BTC should be considered as a currency, you can purchase something with it, at least it is thought to be that way. And it is much more volatile, than gold.

[senne]

Bitcoin is still termed as father all of crypto currency and with that being said I can assume that Bitcoin as a digital gold as no else online commodity has given better returns over long period of time than Bitcoin. Bitcoin may suffer potential up and down every day but at the end of year it comes with a positive balance-sheet in its hand

[hawkins]

Bitcoin is still termed as father all of crypto currency and with that being said I can assume that Bitcoin as a digital gold as no else online commodity has given better returns over long period of time than Bitcoin. Bitcoin may suffer potential up and down every day but at the end of year it comes with a positive balance-sheet in its hand

well, I guess bitcoin is not like gold. but, it can be said that bitcoin is digital gold, because when you have it, you're like having gold. but, the potential for bitcoin is greater than gold. whether it's in terms of risk, or in terms of profit.

[Chaki]

When we define gold it can also mean treasure or something precious as
So, yes bitcoin is like a digital gold to crypto traders and members since it gives furtune for those who have it and who desires it.

[ar72]

That' right. I think bitcoin is like gold. It has value like a gold that has price. Bitcoin is digital gold. Bitcoin can be used for invest. One of bitcoin characteristic is limited like a gold. 

[mrtryonebiggums]

Pretty sound statement you can't honestly disagree with it I don't think. Hard to say many altcoin projects are very promising and will change the landscape of blockchains. Hardly is that way and if you hear anybody preaching that, well then they are probably looking to get you to invest a few of your hard earned dollars .

[airdnasxela]

In some point,  yes.  It is because bitcoin and gold are both have a high value.  But in general,  for me,  no. It is because gold have many uses and/or purposes.  Gold is used in many fields like in digital and hospital technologies with those equipments to those nanochips.  Gold is also used as a coating in jewelries and many more. Thinking about it,  it is impossible for bitcoin to do what gold can do.  So for me,  bitcoin,  in general,  is not a digital gold.

[Jcabudx]

Yes maybe it is. Because bitcoin is also high in price like gold. But there's also a difference between gold and bitcoin. You can't touch bitcoin but in gold you can.

[btccointalk]

Yes, bitcoin is termed as digital gold because of its increased high demand.

[desi92]

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.

Bitcoin is indirectly Digital gold, not digital money, because money is a means of payment, while Bitcoin is sold in order to earn money. 

The other thing also bitcoin can be used to pay something but now its not much we can buy with bitcoin.
In the future when bitcoin can be spread more wider so on that time bitcoin maybe will be used more as currency too.

[jojowar]

Affirmative. Bitcoin is digital gold when it comes to its value and popularity. Like bitcoin in cryptocurrency while gold in element use in jewelry etc.

[amwer]

Clearly, there is a desire for Bitcoin holders to swap out “digital gold” for the real deal. However, there are also consequences that could impact the entire cryptocurrency ecosystem.
While using Bitcoin to buy gold presents investors with a great option to diversify their portfolios, the Bitcoin bubble could potentially burst if more people start to use Bitcoin to purchase gold.

[Synaesthesia]

certainly, Gold is just kind of metal but it is trusted by most of people so it is valueable. The same with BTC, it is the first crypto of the world with many advantages when comparing with normal money. So, it is really valueable.

[Thiekungan]

yes bitcoin is gold version in crypto, and Litecoin as the silver version. Bitcoin has characteristics such as gold:
1. limited stock,
2. Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi) so that we can buy less than 1 btc,
3. stable Bitcoin technology and will not degrade ,
4. impossible can be made fake Bitcoin.

In addition, unlike gold, bitcoin transactions can be made globally in a short time. So bitcoin is better digital gold

[nik009]

Yes bitcoin digital gold, to some extent even better than physical gold since it is limited to 21 million million coins. Gold is very popular in the physical world and bitcoin in the digital

[kikay15]

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.

For me its no bitcoin is virtual currency but it can level the value of gold. Because bitcoin is for everybody, unlike gold its so very expensive. Only rich people can own it unlike bitcoin you can start investing in bitcoin in small amount.

[rokergila01]

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.

Can be said yes because Bitcoin has all the same characteristics as gold. The amount of Bitcoin is limited (there is only a certain amount to be produced), Bitcoin can be broken down into smaller units without losing the value of the unit (1 Bitcoin = 100,000,000 Satoshi - the smallest unit of Bitcoin, the same as cents in Dollars or Pennies in Pounds, we can buy less than one Bitcoin), Bitcoin technology is also stable and will not degrade, nor can it be made fake Bitcoin. Besides, unlike gold, you can move Bitcoin anywhere in the world in minutes, regardless of the amount of Bitcoin. That's why people call Bitcoin a digital gold, but better digital gold.

[kiloiko]

Can be described like that. But the difference is that the price of gold is more stable and even very stable because 90% of the world's population probably knows that gold is a valuable item.
However, bitcoin may only be 20% only knowing and acknowledging that bitcoin is valuable. And this is why it took a long time for Bitcoin to achieve the stability of prices owned by gold

In my opinion, it is just a title given to bitcoin. Gold is considered as a symbol of status and it is very expensive. Elite people wear gold to show their wealth. It is also recognized as the most precious jewel on the face of Earth. Similarly, when we name a crypto coin as digital gold, it basically means that the coin possesses all the above mentioned qualities.  Bitcoin is indeed digital gold and it is a way better than physical gold.

[Human_Copy]

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. 

[Ghayoor]

Bitcoin is still termed as father all of crypto currency and with that being said I can assume that Bitcoin as a digital gold as no else online commodity has given better returns over long period of time than Bitcoin. Bitcoin may suffer potential up and down every day but at the end of year it comes with a positive balance-sheet in its hand

well, I guess bitcoin is not like gold. but, it can be said that bitcoin is digital gold, because when you have it, you're like having gold. but, the potential for bitcoin is greater than gold. whether it's in terms of risk, or in terms of profit.

i agree with you bitcoin is not a gold its a digital currency where you can buy a lot of things you can ear bitcoin through different ways and a lot of people are taking advantage of it so bitcoin its the the king of all crypto.

[Serious475]

Yes, Bitcoin is a digital gold. Once a gold is mined, its supply becomes lower and its price will become higher. It is also same as Bitcoin, there are 21 million Bitcoins in the world, as the year goes by the price of Bitcoin becomes higher due to demand. Even though Bitcoin is a digital gold, it is still different than the real gold. Bitcoin is riskier than gold because there is an assurance that gold will increase its price in the next couple of years. While in Bitcoin, you are not sure because you will not know when Bitcoin will shut down, Bitcoin cannot be find in nature unlike gold. I still believe that Bitcoin is the new and the digital gold.

[raniadaling]

Naaaah I don't believe that bitcoin can be considered as gold in digital space.
Yes their prices can be comparable but they behave differently, prices fluctuates a lot with bitcoin while gold is stable.
And also their origin is pretty much different. However, risks for both are substantially bit of different aspect.

[dragoz11]

recently it has been treated as a digital gold rather then currency as it is used as a backed asset for every other coin and acts as a leader of the other coins as well, so at the moment yes btc is a digital gold according to me.

[Audistar]

This is like trying to find similarity between fruits and rootcrops, very different but somehow share similarities.
Like prices could drop or fluctuate vigorously with bitcoin, but with gold pretty stable and you are sure of your security with regards to price.

[Crowdsale.network]

Gold is hard money, and it is very hard for gold miners to increase the supply of gold in the world. Also, major big metal retailers have started accepting Bitcoin payments for gold.
Bitcoin’s supply is strictly limited. There will only ever be 21 million bitcoins. And the code that controls the issuing of the bitcoins is decentralized among thousands, tens of thousands of nodes that operate the bitcoin software. And if it were to change, it would need the majority agreement of everybody involved. In summary, we can say that Bitcoin is far closer to gold, in other words, Bitcoin is a digital equivalent of gold.

[Radio-Active]

it is not yet because if you look at the gold price, it is stable. but bitcoin price currently not stable.
bitcoin can be digital gold, if the value of bitcoin has stabled like the price of gold.

[Nazir0012]

Bitcoin is a digital equivalent of gold.Bitcoin cannot be find in nature unlike gold,yes bitcoin is digital gold Because bitcoin is also high in price like gold.Bitcoin is indeed digital gold and it is a way better than physical gold.I still believe that Bitcoin is the new and the digital gold.

[bucker steemit]

I agree if bitcoin is referred to as digital gold. you can see everywhere everyone talks about bitcoin. I think for the future bitcoin can replace gold.

[samantha89]

as we know, many people who invest gold to save their wealth, but now there are bitcoin and many people are investing in bitcoin. some even move their investment from gold to bitcoin. so I also assume that bitcoin is digital gold. but the gold and bitcoin remain different

[nak02]

Bitcoin is a digital equivalent of gold.Bitcoin cannot be find in nature unlike gold,yes bitcoin is digital gold Because bitcoin is also high in price like gold.Bitcoin is indeed digital gold and it is a way better than physical gold.I still believe that Bitcoin is the new and the digital gold.

Yes it is somewhat just like a digital gold that  some people are willing to buy, and that people proves that it is worth to invest at, and for me it is worth to invest compare to stock market or just putting all your money in bank.

[Maheshkumar_Hrangkhawl]

it is not yet because if you look at the gold price, it is stable. but bitcoin price currently not stable.
bitcoin can be digital gold, if the value of bitcoin has stabled like the price of gold.

So what? There are a lot of assets, which are not stable. Even gold is not that stable. If you remember, during 2012-14, the prices had come down from $1,800 per oz. to $1,200 per oz. Bitcoin is a lot more volatile than gold, but the situation will change as the number of users increase.

[semobo]

Bitcoin is not a digital gold it is a digital currency,and it can't be considered as gold too because the price of bitcoin is too volatile but the price of gold is very stable so the basic property also differs from the gold so it is not a digital gold.

[aizenbryle]

If you compare price of gold and bitcoin, you can assert that it is really true.Gold is an physical asset, while Bitcoin is mainly a crypto currency, but considered as digital asset too, like all crypto currencies almost. In my opinion BTC is even more valuable than gold actually, since its price keep rising faster and it keep having very promising potential.

[rjrajonno]

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 bitcoin market already is up.But bitcoin is a very popular coin in our market.So it can keep our mind and earn money.There are many people all day earn more bitcoin.So Bitcoin is as precious as gold. Bitcoin is now gold equivalent to us.

[amaydel]

As bitcoin reached its tremendous success, more articles about comparisons between gold and bitcoin have emerged. They are both very good and sound investment that's why bitcoin is considered to be the new gold in digital form.

[hitrawal91]

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, I agree with you that Bitcoin is the real digital gold and its value is going to reach the sky limits in coming years and months if there is strong demand continue to rise day by day. I am planning to invest some particular amount of capital in bitcoin alone for every year so that when its value will be increased to 10 times of today's price then will be profited in a big way and it will be proven that bitcoin is really a digital gold of today's generation.

[Dmitry.Vastov]

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 or any other cryptocurrency is the digital gold, in fact much benefial than gold. In ancient times people used to invest their money either in gold or in shares but now with the introduction of BTC, the definition of investment has been changed because it is the safest and the most beneficial way to invest your money and it is much trust worthy, so yes BTC is much better than investing into stocks or gold.

[Gotottack]

Well yes, you can say it is so because of how its investors treat it. As you well should know, die-hard Bitcoin investors give it such a huge intrinsic value to the point that they do not even utilize the same as a payment system, for which it was originally constituted, but a substantial asset they cannot let go of, hence, they keep holding. But then again, I cannot really subscribe to it fully because there are humongous differences in it that require attention. Like for instance, gold is tangible unlike that of Bitcoin. Hence, you can ALWAYS sell gold at a price but you cannot do the same for Bitcoin all the time. That is why as for me, they are not directly counterparts of each other.

[Washball]

It is quite understandable that some people compare bitcoin with gold. It's expensive and you can invest in Bitcoin, bitcoin is 'mined' just like gold. But there are some differences. Gold is from the old world and bitcoin is the future. Gold can be seen as a bank asset, while Bitcoin is the opposite.

[qwerty12]

Yes, I agree that bitcoin is digital gold, because both have in common, one of them, both have value.

Bitcoin and gold both have an exchange rate, which makes both can be used as a means of payment. In addition, Bitcoin and gold also have relative value to other assets such as currency, stocks, commodities, and so on.

[wanted sliter]

Bitcoin can be considered as a long-term investment or payment instrument. The value of gold is maintained by the store and circulation of each country in the market. The value of gold and bitcoin have different regulatory mechanisms. Many people know about gold, you can sell gold right away if you want to, but if you want to sell bitcoin you need the right technical equipment. This subject is quite difficult to cover. There will be a lot of controversy over gold and bitcoin because their nature is not the same.

[13abyknight]

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.

Terming it as 'digital gold' could be a bit of an understatement for Bitcoin as it has outgrown the likes of gold and diamond by a huge margin. We knew about the existence of gold from centuries, dating back to the BC era and yet it has shown barely any significant growth compared to Bitcoin which has grown in a huge fashion just under a decade.

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.

Being the first of its kind, it definitely deserves to be there as the number one until something better comes up and takes over, which is highly unlikely. Ethereum has a long way to go as far as overthrowing Bitcoin as the #1 crypto is concerned.

[zhuiyongliang8]

BTC I think, for example, take the gold market, this is I do most of a market, in the past few months, everyone has to reduce to the actual demand, I will feel in less demand, the demand for BTC actually increased, if you look at the two markets, both of them are hopes to be able to come out from paper currency system.


We see some more brave into BTC virtual currency areas, why to do up the CTC, the futures contract for BTC more and more as a pattern of a payment system, you can more think the COINS into a form of payment, of course, this is a very volatile market, there are a lot of risk, I mainly if I want to buy some BTC, I really want to make sure that after buying can have a very good settlement.

[yvesp110]

I agree if bitcoin is referred to as digital gold. you can see everywhere everyone talks about bitcoin. I think for the future bitcoin can replace gold.

Naaah, I think that is something booster. Although bitcoins are so superman right now that it is making the world amazed with its amazing feat of success and performance but as far as replacing gold is concerned, definitely this can’t happen. Neither now nor in coming years. But if the time comes after 2 3 decades when bitcoins would be best currency or asset in world, then the chances can relive.

[Testme]

In my opinion, bitcoin is the new digital gold. Yearly, the bitcoin amount is increasing.  The same as gold, the amount of gold is expensive. So i think bitcoin is a gold.

[yj300316]

rather than gold, why don't say it is a digital USD ?
in my opinion, bitcoin now has used by many peoples around the world.
bitcoin price not stable as gold. it is a quite wrong i think if bitcoin is a digital gold.

[Harleybtc01]

rather than gold, why don't say it is a digital USD ?
in my opinion, bitcoin now has used by many peoples around the world.
bitcoin price not stable as gold. it is a quite wrong i think if bitcoin is a digital gold.

I could say yes, because as i know bitcoin and gold have some same feature, like being rare. Bitcoin is rare because it just have a limited number. The more people were using it the more it will be expensive and more people would be interested to buy and sell it

[Alohadance]

I believe in bitcoin. It is traditional usd or gold in cryptocurrency and it will be used for a very long time.

[alvipalangka]

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.

bitcoin as a digital investment that pluktuatif price .. the price is uncontrollable but many are investing

[blackbutterfly]

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 it was yes because bitcoin is more than great than gold so i think it was a high quality digital gold or a biggest currency.

[selezneve]

I believe in bitcoin. It is traditional usd or gold in cryptocurrency and it will be used for a very long time.

It is obvious that if something is limited, it becomes more valuable. This will ensure that the price will only rise with time. The existing investors holding Bitcoins can be assured of the fact that they have made the right decision by investing in Bitcoins instead of other options like gold.

There are still lot of gold reserves and new ones are also being explored. So if we compare supply wise, bitcoins has more limited supply than gold.

[raybut37]

I believe in bitcoin. It is traditional usd or gold in cryptocurrency and it will be used for a very long time.

Yes, bitcoin is very popular and expensive that we can compare its value to gold. This is very known also as digital gold because of its stability in the market.

[Choghonl]

Actually if you think about it closely bitcoin is actually the virtual or digital gold but perhaps the way of getting bitcoins is called mining which typically make sense because getting them is not easy but they may have a lot of similarities and their values may differ they also have a bunch of differences but unlike gold you don't need any third party organizations to make transactions and are also more convenient than gold itself it has a ton of benefits which is very also very nice.

[Ayyaz Mahmood]

I think 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)
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.

[Dmitry.Vastov]

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 new gold and more exactly speaking it is more volatile than gold and investment into BTC is much profitable than investing into any other business and moreover the valuation fluctuations is more frequent and the valuation inflates at very high rate and moreover it is very reliable crypto currency that might replace the paper currency in the future.

[Koluchka]

While many crypto investors have coined Bitcoin as the world’s “digital gold,” others are growing uncertain of Bitcoin’s value.

Howard Wang of New York-based Convoy Investments LLC and Jeremy Grantham of GMO LLC have analyzed Bitcoin’s advance relative to past frenzies and concluded that it’s unsustainable, which was noted in a recent Bloomberg article.



In a letter to investors sent out on January 3, Grantham summed up his concerns over Bitcoin saying, “Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble.”

However, it is still too soon to tell if the “Bitcoin bubble” will indeed burst. What has become clear though, is that Bitcoin should not be considered a safe-haven asset.



I say this as I examine a chart complied by the data visualization site HowMuch, which displays an illustrative table of all the “horrific Bitcoin crashes” that have occurred since 2012.

Looking at this chart, it appears that Bitcoin lost 83% of its value in just three days between April 10, 2013 to April 21, 2013. Bitcoin’s next biggest crash occurred just recently, losing 70% of its value from December 2017 to February 6, 2018.



Now, compare this with the price of gold. According to data from the London Bullion Market Association, the price of gold appears fairly steady from day-to-day.

Considering this, Bitcoin investors and holders might find it interesting to know that major precious metal retailers have started accepting Bitcoin payments for gold, silver, platinum and other products from various mints. For example, APMEX Inc., one of the largest online retailers of precious metals, recently began accepting Bitcoin payments through the Bitcoin payment processor, BitPay.

Ken Lewis, CEO of APMEX, told me,

“As we are probably all aware, Bitcoin prices have surged in the last year, seeing an overall increase of nearly 1,200% in 2017. Investors started getting excited about Bitcoin and many casual traders even got involved with the cryptocurrency. Relative to Bitcoin, precious metals prices are far more stable, with Gold seeing just over a 12% increase in 2017 (Silver up roughly 5%). While people are obviously still highly interested in Bitcoin, many are turning to precious metals for a more, in a sense, secure investment.”

[Quicksilver143]

Yes bitcoin is a digital gold, because its value is not far to avail a gold but it depends on which way you are going to use it. Specially when you are using it as an investment, it may be like a gold. You are just going to wait and watch its value to rise or pass the value of the gold. It is situational for me.

[Ibrahim1337]

Now a days,
All are sayied that it is higher then gold

[Craigjohnstone]

Bitcoin is a more useful gold, you can keep it as an asset and also spend it like currency. This makes it better than gold.

[MAJICOIN]

Bitcoin is the number one currency in the crypto world and if we compare this with the gold then it can also be said that it is digital gold but if we say that it is currency it will be more clear and explained. Bitcoin is good to hold just like gold bitcoin is also valuable and the holding is also profitable while if we keep bitcoin it is expected that bitcoin will hit 20k soon.

[irsada]

While many crypto investors have coined Bitcoin as the world’s “digital gold,” others are growing uncertain of Bitcoin’s value.

Howard Wang of New York-based Convoy Investments LLC and Jeremy Grantham of GMO LLC have analyzed Bitcoin’s advance relative to past frenzies and concluded that it’s unsustainable, which was noted in a recent Bloomberg article.



In a letter to investors sent out on January 3, Grantham summed up his concerns over Bitcoin saying, “Having no clear fundamental value and largely unregulated markets, coupled with a storyline conducive to delusions of grandeur, makes this more than anything we can find in the history books the very essence of a bubble.”

However, it is still too soon to tell if the “Bitcoin bubble” will indeed burst. What has become clear though, is that Bitcoin should not be considered a safe-haven asset.



I say this as I examine a chart complied by the data visualization site HowMuch, which displays an illustrative table of all the “horrific Bitcoin crashes” that have occurred since 2012.

Looking at this chart, it appears that Bitcoin lost 83% of its value in just three days between April 10, 2013 to April 21, 2013. Bitcoin’s next biggest crash occurred just recently, losing 70% of its value from December 2017 to February 6, 2018.



Now, compare this with the price of gold. According to data from the London Bullion Market Association, the price of gold appears fairly steady from day-to-day.

Considering this, Bitcoin investors and holders might find it interesting to know that major precious metal retailers have started accepting Bitcoin payments for gold, silver, platinum and other products from various mints. For example, APMEX Inc., one of the largest online retailers of precious metals, recently began accepting Bitcoin payments through the Bitcoin payment processor, BitPay.

Ken Lewis, CEO of APMEX, told me,

“As we are probably all aware, Bitcoin prices have surged in the last year, seeing an overall increase of nearly 1,200% in 2017. Investors started getting excited about Bitcoin and many casual traders even got involved with the cryptocurrency. Relative to Bitcoin, precious metals prices are far more stable, with Gold seeing just over a 12% increase in 2017 (Silver up roughly 5%). While people are obviously still highly interested in Bitcoin, many are turning to precious metals for a more, in a sense, secure investment.”

it's up to you to think like what is obvious difference of bitcoin with gold is very different.
which you should know gold is worth to invest but only in the long run.
while bitcoin price can not be predicted by anyone because its value depends on request.
and could have today increased its value by up to 10% each day.

[jops]

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.

For me i think bitcoin is not a digital gold. Because unlike gold, gold have it's stable value rather then bitcoin. I will accept bitcoin is digital gold if its price is stable already. But what ever we called bitcoin, bitcoin is always a bitcoin.

[Temitope]

Yes,  bitcoin can actually be liking to that of gold in this contemporary world

[mihir2018]

Oviously, it is possible to call it digital gold based on the bitcoin's properties. Because it uses the same as gold, but in a little exception. It does not have any trouble to measure. Here a big difference from gold is not centralized. When we compare it to gold, it will be understood that it has many benefits than gold. 

[B4rk4d4]

Yes, for me it is now a digital gold. But its difference in gold is that its price is more higher than gold and also its price isn't stable.
And just like gold, it is good in terms of investments too especially in long term investment.

[VasiloviKola]

It is digital asset, which differs from gold in my opinion, as it has different system, but both are assets for investment, which one you choose depends on the purpose you have.

[qwertyuiop0987654321]

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.

Maybe, or I could say BTC is an instant gold, value basis. Basing upon the value of the two, they are comparable. But basing upon their description, they ain't the same.

[PinkFox]

Today bitcoins can buy anything you want. If you compare whether you can buy something for gold or diamonds, you will be faced with more obstacles, because it will simply be harder for you to do this. It can be concluded that gold and diamonds are very uninteresting because they are not accepted by stores. Therefore it is more flexible to have Bitcoin than to have gold and diamonds.

[steveabrahams]

I think we can say that, bitcoin is a digital version of gold because the price of bitcoin that really expensive for each coin same like gold but if we compare it both gold and bitcoin, bitcoin is more riskier than gold because the price can easily pump and dumb but yes in my opinion bitcoin is digital gold.

[MakeMoneyBtc]

It looks like it is but people don't consider it that way because gold is different than bitcoin. Everyone knows what gold is and how to buy it but if you go and ask random people about bitcoin I doubt more than 5% will know what it is and how it works. This also depends on the regions and what age are the persons you are asking but I talk in general.

[margarita_free]

I don't think, that bitcoin is digital gold, of course.
Gold - it is another piece, bitcoin is another piese of economic.
I prefer thinking, that bitcoin is like digital USD 

[cindex]

Bitcoin will always rule all the altcoins because altcoins' exchange rate will always be related to bitcoin exchange rate.

Since most of the altcoins don't have really strong support on exchanges – by that I mean they cannot be traded directly to other altcoins – it is difficult to say that one altcoins will be powerful enough to displace the King of Crypto – Bitcoin.

I hope though, that bitcoin dominance will still decrease since more money will be distributed among new blockchain projects with their own cryptocurrencies listed on exchanges.

[upekhaanthony]

Yes, of course, Bitcoin is modern gold. Price of the bitcoin increase faster than gold but with fluctuations. very limited supply make bitcoin more valuable. Get some bitcoin and store it for future. It will the best investment for entire life.

[richan]

Bitcoins is a digital gold because it possesses the characteristics of a traditional gold. As normal gold is an asset that increases or decreases in price base on world demand and supply. So is bitcoins. Bitcoins however fluctuate in price higher than gold. The risk /reward ratio of bitcoin is much higher too than bitcoin.

[mihiranga]

BITCOIN Is a diamond in digital world 

[zelenkova]

To some extent, yes, I can agree that bitcoin is really digital gold, because bitcoin is a leader in the digital market

[Impros88]

I think yes, btc is a digital gold equivalent, that's more popular and famous in this generation. Bitcoin is our gold because of it has price that even more than a gold

[speedboy07]

Of course, Bitcoin is Digital Gold. Because bitcoin's value is much more than Gold. Bitcoin has become very popular nowadays. Bitcoin has now become the most valuable resource for the people.

[standbay29]

depends on the way in which you use it, But still,gold has been used as a safer investment for centuries and it's free from high volatile nature which bitcoin lacks.

[dodz031718]

Bitcoin and gold are both have a high value.Gold is considered as a symbol of status and it is very expensive. Elite people wear gold to show their wealth. It is also recognized as the most precious jewel on the face of Earth.

[rony01941]

I think Bitcoin is a digital gold. Because Bitcoin's demand and price increases, it will defeat Gold in the future. Online is the life center of Bitcoin. So, Bitcoin is a digital gold.So i love BTC.

[SabrinaBianka]

Gold cannot be rise like bitcoin price, It is a big different about bitcoin and gold. Gold total supply cannot be calculate by us and its still mine-able in the different parts in the world. And bitcoin was such a unique thing that give us a good profit. Before we got profit on gold we need to wait for a long year before we got a profit. But we can used as accessories. But bitcoin wasn't and its not digital gold for me, Bitcoin can be rise the price immediately. Its nothing.

[Chaelbrin]

The world is dependably in the procedure of advancement as demonstrated by the computerized money began by bitcoin as the father of cryptographic money the fundamental theme on this discussion is bitcoin is the computerized gold , why on the grounds that bitcoin acknowledged everyday,months and years notwithstanding of its unstable markets ,numerous financial specialists all around the world bussinessman,celebrity,companies l,singers and so on account of acknowledging an incentive from now to the following time frame if bitcoin is nothing at all why numerous speculators purchase when the bitcoin cost is dump .So bitcoin now is consider as the store of significant worth coin.

[Google+]

yes of course bitcoin is a digital currency like gold because bitcoin for now is the best cryptocurrency currency and can be used for all countries and can benefit from bitcoin so make the movement of trading volume of bitcoin is very big.

[Dimon8]

Bitcoin is a brand. But over time and the growth of competition in the crypto-currency world, it may happen that there will be new brands capable of competing with BTC.

[inyakizuryel]

Yes it is, is in a money that can we use online. Most especially on the online payments that we are doing, it can really ease our daily lives more specifically on the online billings and payments, if that so, it can also be called as digital gold because of its purpose.

[kasemin]

The digital currency is started by Bitcoin as the father of cryptocurrency. The main topic in this forum is Bitcoin is digital gold, why because Bitcoin is rewarded every day, month and year despite the chaotic market. Many investors around the world are bussinessman, corporate celebrities. Used as a safer investment for centuries and free of high volatile properties.

[Ehrakeziah]

Bitcoin is a new digital currency that is open source,distributed,and has no central issuing authority.It is not backed by anthing physical,like gold.Yet it has been designed so that only a fixed number of bitcoins can ever be created.

[codered000]

I think gold is very different from bitcoin. Since the start of time, gold has been around and it's price keeps on getting higher as time passes. While bitcoin's price is very volatile and keeps on fluctuating and has no stable value. Also, in terms of usage, gold has many uses compared to bitcoin.

[jpespa]

Well it can really be considered to be equivalent to gold in virtual currency world by just seeing how much single bitcoin worth. The difference though is that bitcoin is decentralized but risky to invest because of its volatility. Bitcoin has been the number one coin all the time but Thiel is correct that it is possible bitcoin can be surpassed by ethereum but I guess it might happen after very long time.

[avarnet]

Digital assets. that's the term for bitcoin. today's unnecessarily complicated investments and also promises substantial profits. but also with high risk. anyone can invest here to make a profit

[Tingtong]

Yes bitcoin is digital gold. Bitcoin give you many earnings opportunity. Have many people get reach man some days in bitcoin. Every day bitcoin price increase. So I think it is online digital gold.

[nicko122]

I think you can say that bitcoin is digital gold, especially if you consider how it stands out among other cryptocurrencies, just like gold among precious metals

[emili1020]

Many believe that gold features a new contender within the style of Bitcoin.
In the digital world, investors ar preferring to take a position in Bitcoin as a secure investment. however the dimensions of the overall market is therefore tiny, that it's not even one per cent of gold’s market. Bitcoin features a market cap of $60 billion (Dh220.3 billion), and is increasing at a speedy pace each minute, whereas gold features a market cap of $7 trillion.

“People talk about Bitcoin because the new digital gold a pair of.0. Despite the actual fact that we've reached AN incomparable  high, Bitcoin is barely concerning $55 billion of worldwide worth,” aforesaid BTCC chief officer police officer Lee.

[neerajimittal]

The world is always in the 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.  In my opinion it's more than a digital gold with all of it potential and limited supply.

[St4yInTh3D4rk]

No,it is not digital gold.Because gold has the molecules where as in in bitcoin 

In terms of price also it can't be consider as gold because the price of bitcoin is too volatile and the price of gold is very stable.So no properties are the same between them they why it can be consider as gold.

[yaghoniyu]

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.

off course, I think the bitcoin is digital gold, because  that is more popular and famous in this generation. Bitcoin is our gold because of its higher price that is more than a gold.

[$anounimus$]

I think bitcoin is digita currency, not gold and if very high bitcoin volume seems like it is very reasonable because bitcoin is very interested and can benefit for the owner and for those who can play trading, bitcoin is used all over the world so the volume can also be very high.

[Beroximos]

I believe that Bitcoin is more than Gold. If I will compare with a something from the real world I would say BTC is a Diamond.

[@Mhaiang]

With the current trends that bitcoin has, it's already a mainstream that it's referred to as the new gold of the era. With its high price as gold, no wonder why people are so attracted to invest on it while others became the most advanced miners who don't use pickaxe anymore but computers already.

[Arifulislam1010]

every crypto lover treat btc is a digital gold even myself too. btc is the first and leading cryptocurrency in the world  and its value always increasing its all ready proved its demand .

[GreenPowerRanger]

I would say thats exactly what bitcoin will be in the future. The price is alread that high and at least always ten times higher then the second place from cryptocurrencies. And in the future, there will be more value of bitcoin. In fifty years im sure you cant pay a bitcoin because it will be more worth then hundred thousand dollars. So thats why im sure that bitcoin will be the digital gold in future. So be prepared and save one of them for the future, it will make your life much more easier!

[Ankhesenamun]

Well, at some time it was him,well,it also depends on the market,prices are falling and falling, and gold remains always the same irreplaceable.

[Bitcoin_Delivery]

Well, at some time it was him,well,it also depends on the market,prices are falling and falling, and gold remains always the same irreplaceable.

yeah  between bitcoin and also digital gold is very different. both have only the same in investment. but in terms of risk or otherwise very contradictory

[deppil]

Well, at some time it was him,well,it also depends on the market,prices are falling and falling, and gold remains always the same irreplaceable.

yeah  between bitcoin and also digital gold is very different. both have only the same in investment. but in terms of risk or otherwise very contradictory

for in general bitcoin may be like digital gold version. if many people prefer physical investment in gold, then bitcoin dominates for the most used commodity for online investment. maybe that's called digital gold. although the magnitude of the risk in gold and bitcoin is very much different

[yitepaja]

it is a digital gold also it can become mud anytime

[Rommel24]

definitely yes ,,that bitcoin is like a gold,when we say investment gold and bitcoin are both identified as safe haven assets,and also both of them are speculative investments,but in some aspect we have also different when it come to existence,gold has great tenure than bitcoin and use more than 2,000 years ago while bitcoin will exist since january 2009.

[Mekmbem]

bitcoin is not digital gold but bitcoin is a digital currency that only exists on the internet but has real value and value nyua also exceeds the real currency

[kolbalish]

Gold is the most acceptable and used ornament of the world. Its most attractive and cultured thing is its beauty.As the basis of activity bitcoin is more acceptable than gold.Because gold is for just show its beauty but btc perform a lot.So in activity they can't be compared but in value they are top of the popularity
So btc called digital gold.

[jademacoy]

Yeah more likely a gold but function digitally so i guess you are correct on the description of bitcoin. Bitcoin is more on like a digital gold. I never thought this way until i read this thread though there is a little bit difference between and digital currency but still their concept is having the same. As we all know that gold increases its price as time goes by and that is also what is happening to bitcoin. But the difference is the time because bitcoin has shorter span of time in increasing its price compared to gold. Bitcoin could go higher anytime and could also go lower price in any time unlike gold that it will surely go high as time passes by.

[feverpitch]

BTC is revolution type of money, digital online money, that could to allow you to buy something on web, or will make a good investment

[Souldream]

definitely yes ,,that bitcoin is like a gold,when we say investment gold and bitcoin are both identified as safe haven assets,and also both of them are speculative investments,but in some aspect we have also different when it come to existence,gold has great tenure than bitcoin and use more than 2,000 years ago while bitcoin will exist since january 2009.

Well for me, bitcoin can be considered as a digital gold where the importance of bitcoin today is the same as the importance of gold back at the time where people are seeking for gold to become their wealth. But at the present, gold is still seeking by people today because it is worth it to seek but bitcoin is now a new trend of investment where they wouldn't trying hard to dig the ground to find for a gold instead they were only have to acquire knowledge about bitcoin, easy right.

[kadutz25]

I think gold was first popular since time immemorial and many people save and use gold as a saving and tool to invest but bitcoin is digital so bitcoin prices can nasik down we can also try investing in bitcoin but we also must be prepared to assume risk to invest in bitcoin but botcoin can provide a big advantage if we buy it at a low price and we sell it back when the price is high and I think bitcoin is indeed digital gold

[a_t_e_e_b]

yes it truly is gold it is something which has turned out to be more important than gold it will be an important part of our future

[hodlftw]

In every way shape or form it is digital gold and adding to the properties of gold, it is divisible into 100 million parts. That alone is more powerful than gold, the only question is whether Bitcoin will catch on worldwide or not.

[Gila uang]

This is like trying to find similarity between fruits and rootcrops, very different but somehow share similarities.
Like prices could drop or fluctuate vigorously with bitcoin, but with gold pretty stable and you are sure of your security with regards to price.

I think gold has been used as an investment safer for centuries and it's free of the nature of volatile high not owned bitcoin. bitcoin termed as gold digital because of its value has increased rapidly and also because it has attracted more investors gold.

[hdtqisg]

It can be said at the present time, Bitcoin storage as gold storage is not reasonable! Bitcoin may lose value at any time, unlike precious metals

[dashayana]

In the real world we know the name of gold and if in the digital world then Bitcoin is the Gold. Btc price is so high to make Btc much in demand to be invested. So high the expectations of people against Bitcoin make Btc likened to gold. Gold is a very valuable item as well as Bitcoin. By having Bitcoin then we will have a great chance to earn a profit.

[ElectronicBot]

Bitcoin is definitely digital gold, even if it is now inferior in performance to other coins. I'm sure he will continue to grow.

[Cryptodetails]

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.

does not agree with you !!
Whether bitcoins actually replace gold (not to mention the traditional currency supported by the government) has been the subject of heated debates, as evidenced by the recent event titled Gold versus Bitcoin, held at the New York comedy club, in which a well-known supporter of gold , Jim Rickards, and James Altucer - the author of self-help advertising tips on bitcoin investments under the pseudonym "cryptogenies".

Cameron Winklewoss, reportedly with his twin brother Tyler, has turned over more than $ 1 billion in bitcoins as a result of his claim against Facebook, and, calling bitcoin "gold 2.0", claims that crypto currency can "undermine" gold.

[kasianov77]

It is difficult to answer the question about the position of bitcoin in the world of financial relations. I don't think it's right to compare it with currencies. Functions and volumes of used stocks are completely different.

[elisabetheva]

Well, at some time it was him,well,it also depends on the market,prices are falling and falling, and gold remains always the same irreplaceable.

for a stable price and not too far of course is gold, but if you want to receive a significant advantage more to bitcoin though of course it takes accuracy in analyzing and patience to act due to rapidly changing prices.

[freshm4ker]

Bitcoin and gold have a high value. In general gold has many uses. Gold is used in many fields such as digital technology and hospitals with such equipment for nanochip. Gold is also used as a coating in jewelry and more. Odds of bitcoin to do what gold can do. Bitcoin is not digital gold.

[wolfracer]

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.

Bitcoin as gold.... Its comparison has very marked differences and is that unlike gold, the price of bitcoin is not constant, its volatility has made it unpredictable and despite being an investment that has long tended to grow, in the short term it has suffered multiple recessions, In addition, it is still a high risk investment because we do not know if it will pass the test of its value over time.

So it's not the best comparison...

[massguru]

Well, it definitely is! I just believe that bitcoin is a chance for all of us. It helped me to achieve some goals in my life and that’s actually a big thing for me. I’m not looking for a quick money, i’m patient enough and for sure i’ll continue to support bitcoin.

[conceivedspoon2]

Maybe so. The blockchain platform really gives bitcoin and some of the emerging market to serve as gold. So, in some areas we can agree that bitcoin can be said to stand as digital gold.

[camport]

In a way yes, It has intrinsic value due to amount of money it costs to create one in a similar way to silver or gold. Gold way used to trade for 1000s of years and I think it is very possible this is the next evolution.

[Vladv26]

I don't think we can consider bitcoin as being digital gold because bitcoin is one thing and gold is another thing. They are very different from each other. First of all gold is a materialistic thing that you can touch. People trust gold and know the price is going to maintain or increase on a very long term and that's why they think it is one of the best investments.

[rizkypurwati]

“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.

I really like this statment.
 bitcoin is gold in the form of digital, even more gold in the eyes of some people, and I am sure in the future everyone will say the same with me !!!

[MetalGear]

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 bitcoin tops the list among all cryptocurrencies. Gold has been the symbol of the rich and money. And as we enter the technology dependent society we live in, bitcoin is the "gold" of this era. The next generation will likely to praise bitcoin where the money is digital and transactions are made online. This will help us build our economy ready for the future.

[blue_dragon]

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.

For me, it is worth and more than a digital gold. Yes, it is mined by the miners just like how gold is ng mined. But gold is tangible and being mined in the rocks or any other land that has a full of minerals on the other hand, bitcoin is not tangible and being mined in the computer, they are both need a lot of energy to be successful.

[kastara]

This means that bitcoin has begun to grow so that many billionaires double BTC, so big as to be sure that bitcoin is equated with gold and also means the existence of bitcoin is getting accepted. I hope bitcoin can also grow and lead other coins so the market value of bitcoin is rising, as bitcoin transaction rates grow, as well as more project projects using other coins that use bitcoin value benchmarks. Hopefully this can happen with the real development of bitcoin values

[Elkafi]

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 the bitcoin is digital gold, the bitcoin price is higher than gold and it is so popular. 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.its my opinion.

[simonzenke55]

I mean if we are going to describe anything as digital gold then bitcoin is surely the right choice for it. It's obviously an asset which people can invest in and make profit from. It's only fitting

[icecube45]

yes many of the same sectors of bitcoin and gold, as we have to get them both by way of "mining them" first and the longer "mined" bitcoin and gold get harder then they have similarities in scarcity and ever-rising value.
  gold is believed to be a valuable precious metal, and its value will continue to be more expensive in the future. Therefore, gold is used ranging from valuables, moving assets, and also investment. Bitcoin is also like that. With its total stock of only 21 million "pieces", Bitcoin is believed to be a powerful payment method that can be used to transact or store as valuable goods whose value will continue to rise but the advantage of bitcoin for its simplify while gold already has a level of trust in terms of value

[threesome333]

Bitcoin converges enough elements to become digital gold. It even exceeds the value of gold in the future. Since the BTC has only 21 million, the amount of gold is still unknown

[fatema]

In my opinion, Bitcoin can be digital gold. Because Bitcoin prices rise in the same amount of time, just as the price of gold and occasional eclipses. Profit by investing in gold, as well as profit by investing in bitcoin. However, it is true that investing in gold will be less risky, but there is a little more risk in investing in Bitcoin. But if Bitcoin is used all over the world, it will change the state of the economy. As gold is used to enhance the beauty of human beings, Bitcoin is used to provide comfort to people's lives.

[vorobev]

Yes, you can it digital gold based on the way its value keeps increasing with time. Only difference is governments do not consider it safe or valuable.

[kidamazo]

I think it is not really that fine. Golds price is always just growing slightly. But bitcoin is jumping as dumb up and down.

[ZNAQ Index]

It’s common nowadays to hear people describe Bitcoin as “digital gold.” The term “mining” itself suggests — quite intentionally — the image of old-time prospectors, clawing through mounds of rock in the hopes of discovering a new vein of precious metal.
When the price of gold rises, people invest in mining equipment and processing technologies, increasing supply and lowering the price. In the long run, the marginal rate of return on gold production should approximately match that of the market in general. If the rate of return is too high, capital will flow in as investors seek economic profits; if the rate of return is too low, capital will flow out as people seek better opportunities elsewhere. Of course, these effects aren’t immediate; gold markets have short-term volatility, but the net result is that the purchasing power of gold remains relatively stable in the long run.

In reality, the “monetary policy” of gold looks nothing like the monetary policy of Bitcoin. Bitcoin has no market dynamic governing its supply. Rather, the supply of bitcoin is fixed, and will end at 21 million tokens in the 2040’s, come hell or high water.

[thankyoulord]

To me, all I can say is that bitcoin is digital gold. It is because the price keeps increasing and cool profit is made through this...

[thecoder2017]

Yes i agree that bitcoin is a digital gold for the reason that its price is even higher than gold and you can get a big profit when you invest with it and we all know that bitcoin is the most popular of all coins and is becoming more valuable everyday i guess.

[dinar99]

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, I think so. the bitcoin price is more than gold. so, I think the bitcoin is a digital gold. it is so popular. the bitcoin is best investment.

[wewe123]

It can be considered a digital gold because it is also a valuable thing in which you only the one who knows about it , only that bitcoin it is circulating in the digital world, in terms of value it has a high value that you can use it to pay and transact for business , as well as it is also be an investment, its like gold only it is in digital technology.

[s100]

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 and  it is also popular and many investor keep it is as a treasure. Bitcoin is also use in daily needs.

[Godday]

I do not think bitcoin is said to be a gold. but to be an asset indeed bitcoin is perfect because bitcoin has many advantages. digital assets and also investment is an advantage of bitcoin

[alizalela7]

I like gold so much, I like bitcoin because it is not oxidized and bitcoin I like because it can give me more value and profit when I invest in it, and i like bitcoin digital gold

[Hwario]

Yes because its mined just like gold and its value is very high just like gold

[pushups44]

That's a metaphor, but it works insofar as gold and bitcoin share certain properties, such as limited or finite supply, expensive mining, and having value that is not subject to central bank whims.

[Beldon]

Yes, of course, Bitcoin is Gold digital form. If in the real world maybe gold is the most valuable and expensive goods. But in this digital world Bitcoin is the most valuable and the most promising investment asset. And I prefer Bitcoin rather than Gold. I strongly believe in the sophistication of blockchain technology.

[sashulya7979]

I do not think that bitkoyn can be regarded as gold in the digital space.
Yes, their prices can be comparable, but they behave differently, prices fluctuate strongly with bitkoynom, and gold is stable.
And their origin is also very different. However, the risks for both are essentially slightly different.

[Selbit]

While many crypto investors have coined Bitcoin as the world’s “digital gold,” others are growing uncertain of Bitcoin’s value.

Howard Wang of New York-based Convoy Investments LLC and Jeremy Grantham of GMO LLC have analyzed Bitcoin’s advance relative to past frenzies and concluded that it’s unsustainable, which was noted in a recent Bloomberg article.However, it is still too soon to tell if the “Bitcoin bubble” will indeed burst. What has become clear though, is that Bitcoin should not be considered a safe-haven asset.Bitcoin to purchase gold is catching on. APMEX reported that 55% of Bitcoin buyers are new customers, which is two times the company average across all other payment types. APMEX has also noted that transactions made with Bitcoin tend to be 3 to 6 times higher than average purchases, with a high concentration in gold products.

[brightology]

Bitcoin is a digital currency that is acceptable across the nation, which know as an  asset, bitcoin has a great functions, with an immediate respond when ever you want to sell or buy, the transaction is very fast. therefore bitcoin is a digital money.

[soenaderecho10]

Bitcoin is a digital currency that is acceptable across the nation, which know as an  asset, bitcoin has a great functions, with an immediate respond when ever you want to sell or buy, the transaction is very fast. therefore bitcoin is a digital money.

I think bitcoin is not a digital gold because its very defferent because gold is a popular investment on rich people and gold is a common use to hold on people.bitcoin is a new currency but bitcoin price is like on gold its expensive and we can hold on longterm way and we can get a good profit but bitcoin is not a gold so its defferent of two of that.

[geegaw]

I do not think bitcoin is said to be a gold. but to be an asset indeed bitcoin is perfect because bitcoin has many advantages. digital assets and also investment is an advantage of bitcoin

I also do not think that bitcoin is digital gold, what I see from it is an investment that is risky and also full of opportunities to grow, bitcoin always exhibits an unstable trend every day while gold always exhibits a stable and less volatile trend, both have no similarities. In addition, gold is always a product that receives acceptance and protection from the government but bitcoin is in the opposite direction, unacceptable and backed by the government, the value of bitcoin is a belief bubble, it has no safe, so we can not link and think it is a digital gold, that definition is so wrong
 

[Williams_Leo]

There are so many people who do not know Bitcoin yet, there are many countries now that are developing but the virtual currency model is not applied to the domestic economy, I think no one does not know Bitcoin. Just the time for them to learn seems to be no.

[jakirdj95]

What is the reason that Bitcoin is a digital currency? The reason is that online works are blockchain used as a digital currency and used for many other purposes.At present, we deal with a lot of money in many systems and are considered as another digital currency between them but many people are not familiar with it because many people do not recognize these coins because Bitcoin is called Digital Currency.We are starting the next day with the current digital currency, this digital bitcoin, such as its name, has been able to do a lot of good things with these coins. I have been working with this digital currency.So Bitcoin is known as a digital currency.

[Sakash]

Yes, bitcoin Digital Gold because the price of bitcoin is much more than gold. Just as people can earn more money by trading gold, just like bitcoin business, people earn huge money. So Bitcoin is called Digital Gold.

[crazymelons12]

It is I think comparable to gold. But I would say it is not totally comparable though. I don't know much about history and neither I was so interested in looking back into its pages in this topic. I think gold is way better than bitcoin for the reason that gold is stable while bitcoin is very much volatile in nature. Bitcoin could lose its value at any given time while gold will always stay the same. Gold has been used as a currency before in the old days and until now as reserves which backed up money.

[Sidas_Crew669]

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 for thousands of years as a precious commodity and its price is stable. I can not guess the bitcoin will last thousands of years.
Bitcoin is called digital gold because it has some similar properties such as from its scarcity, it can be melted and shaped into small units like coins, and more importantly when you change its shape into smaller units, it will not lose its value.

[Mihail.B]

I don't quite agree. In my opinion bitcoin has much more value than gold. or rather it is the new gold. Since its resource is limited in price in the future will only grow, and the one who understood it, those waiting for a great and comfortable future.

[SMSabuj]

I think Bitcoin is better than gold. Bitcoin is more profitable than gold. In the present world, Bitcoin is more popular than gold. At the present world, people are very accited about Bitcoin. They want to know about Bitcoin and also a lot of people want to invest in Bitcoin. If you hold some Bitcoin and same valued Gold for the one or two years so you will make the huge profit from Bitcoin than Gold.

[soikot0012]

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.

What I need to know about this matter is that Bitcoin does not have digital glod or digital coins.

[hasimkamal]

yes, it is. Bitcoin is a digital currency so it is considered as digital gold. It is even more precious then gold. It can be used as medium of exchange and many online shop also accept bitcoin as payment. Though bitcoin is more volatile than gold, it is now very popular. 

[Larrycool]

In the actual sense, it can really be considered to be equivalent to gold in virtual currency world by just seeing how much single bitcoin worth. The difference though is that bitcoin is decentralized but risky to invest because of its volatility rates.

[chrsjrcj]

I think yes! Bitcoin is quite similar to gold. Many compare bitcoin with the dollar, but bitcoin is now used as a means of storing valuables, so bitcoin can be compared to gold!

[Zagor Tenay]

every crypto lover treat btc is a digital gold even myself too. btc is the first and leading cryptocurrency in the world  and its value always increasing its all ready proved its demand .

[Matercat]

bitcoin is not digital gold but bitcoin is a digital currency that only exists on the internet but has real value and value nyua also exceeds the real currency

[lamcouz]

The benefit of cyrptocurrency is not about making money in a quick scheme. As you said about decentralize, traders and investors are always seeking freedom of how to manage their funds and cryptocurrency offer the best option for them. Anonymous transactions withouth the banks interference and the ability to earn interest on their capital, more than the banks do , are some of the real benefit of crypto.

[bitcoinbot]

I think yes! Bitcoin is quite similar to gold. Many compare bitcoin with the dollar, but bitcoin is now used as a means of storing valuables, so bitcoin can be compared to gold!

I absolutely agree with you, and the truth is that many compare Bitcoin with the dollar, But it's a little incorrect. Actually, it's wrong to compare with gold: Gold has precious metal, and Bitcoin is just a name, Bitcoin has value only as long as people believe in it.

[Ch01ce0N3]

I think true bitcoin would be equivalent to even more gold values. Bitcoin will continue to be high in the market. This is the reason why bitcoin is called a gold coin.

[RockHenki]

I think bitcoin is not digital gold, but bitcoin is a smart digital money based on blockchain technology, and bitcoin is now used as a means to store valuables, so bitcoin can be compared to gold.

[hcoin01]

Crypto currencies are also valuable assets such as gold, silver, diamonds. The difference between Bitcoin and others is that it quickly gains or loses value.
In my eyes the crypto money can never take the place of gold. A gift from the golden world. Crypto money is man-made assets.

[Ashong Salonga]

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 yes, bitcoin can be compared to gold in a innovative form because bitcoin is a high-tech form of gold because of its high value. If you have a high value of earnings in bitcoin yoh can exchange it into cash which is like a gold if you sell gold it will also be converted into cash thats why I agree to that statement.

[jhayryl]

bitcoin is digital because we are not totally able to handle it instead of paying when btc and eth becomes cash it when it comes out with our money equivalent and it's even better because if we do not want it immediately and leave it on btc it is likely that the bitcoin policy will be improved when it comes to working for them.

[Thadeous]

Bitcoin reminds gold only from historical point of view: there was a point in the past when gold value swiftly grew up and it became one of the most valuable assets and a sources of payment.
Nowadays gold is a physical asset with a very low volatility.
The only common thing is that both gold and Bitcoin are "mined".

[Transformer0101]

Oh by the way good all the same, the comparison might be, it is now well used as well used gold, but bitcoin is still not enough, uverenosti in itself. And call his gold of course can be.

[bitcoinskyrocket09]

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.

It is a yes for me. Bitcoin is a digital gold. Because as we can see and observe, bitcoin is now more popular and more famous in todays generation. It is our gold because of its unending high price that is more than the price of a gold. It is also a really great and useful for every people. It can also be for our future so people must keep treasuring and trusting it.

[milah_ah]

I consider this comparison a success. Because they are parallel. Bitcoin is a virtual currency, gold is kept in real life

[Tahir460pk]

yes if you can that bitcoin is a digital gold than its right because many persons who involving with the gold investing in this trade and hold  it for a long time now the same treatment many persons who know about bitcoin is investing on it and earning a handsome revenue so its a digital gold no dought about to say it.

[haxker007]

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.

Btc is the main currency in the crypto world and in the event that we contrast this and the gold then it can likewise be said that it is digital gold yet in the event that we say that it is currency it will be all the more clear and clarified. Btc regards hold simply like gold Btc is likewise significant and the holding is additionally profitable while in the event that we keep Btc it is normal that Btc will hit 15000 $ soon.

[adadaorlina]

For me, I can say is that bitcoin is digital gold  because it is also a valuable thing in which you only the one who knows about it , only that bitcoin it is circulating in the digital world, in terms of value it has a high value that you can use it to pay and transact for business. 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 and  it is also popular and many investor keep it is as a treasure.

[BlockFolksHQ]

Bitcoin definitely is the digital gold, there is no other coins that can take over bitcoin place. Bitcoin's technologies and special features make it very famous and it is the first coins success to be well known by others. That 's why i think it is the digital gold.

[alroys]

I also think that Bitcoin is Digital Gold. Gold and Bitcoin can both be made investment by investors, both also have a high price. But I think Bitcoin is better than gold in terms of providing an opportunity to be more successful investors. Bitcoin prices can go up fast, of course this will give more benefits for its investors, while Gold is more stable than Bitcoin.

[cryptotalkbd]

Yes, bitcoin is digital gold.Because bitcoi’s  value is more than gold. Bitcoin is popular and famous among this generation.Its popularity is increasing day by day. It is one of the largest investment branches in the world. Bitcoin is built on an amazing technology.

[kb24mvp]

You are very correct, bitcoin is the digital gold and even more than that.It has limited quantity, it has to be 'mined' and its value is determined solely by the market,not what government says it is.That aside, the blockchain seem to be the most and revolutionary tech in recent times.Almost anything can be put on the blockchain

[Vz Ketua]

I think bitcoin can be aligned with gold investment. Because bitcoin investment is needed several months or years to be able to get the desired benefits.

[gonlavy]

People used to store Gold to have a good profit. But now if you look at BTC value, you can clearly understand what is BTC and gold. Yeah it is the digital gold and even more than that.

[TWW]

yes it could be more like it...because it like more asset or investment now than become digital money for transaction purpose but the different is it doesnt have stable price like gold

[LegendOF45]

Can be said that bitcoin is digital gold, this is because the bitcoin value continues to increase so bitcoin worthy of digital gold, even many users who think that bitcoin better than gold because of rising prices continue to make the price of bitcoin continues to be expensive.

[israthj]

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. Most of the people believe it and invest it . They believe that Bitcoin changed their life.

[ETHtotheMOON1]

Bitcoin definitely is the digital gold, there is no other coins that can take over bitcoin place. Bitcoin's technologies and special features make it very famous and it is the first coins success to be well known by others. That 's why i think it is the digital gold.

bitcoin has absolutely amazing features comparing to technologies that were before it. However the features implemented in new cryptocurrencies are already more advanced than what bitcoin can offer.

[Senja Kemuning]

I dare to say that bitcoin is the most valuable asset today and for the future, the latest news states that the German government legalizes bitcoin so it is a new hope that the future of bitcoin will continue to improve even one day can replace gold.

[renggileh]

I would say thats exactly what bitcoin will be in the future. The price is alread that high and at least always ten times higher then the second place from cryptocurrencies. And in the future, there will be more value of bitcoin. In fifty years im sure you cant pay a bitcoin because it will be more worth then hundred thousand dollars. So thats why im sure that bitcoin will be the digital gold in future. So be prepared and save one of them for the future, it will make your life much more easier!

[Vaultoro_official]

Excellent analysis, xc.

A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases.  In your head, you do a probability estimate balancing the odds that it keeps increasing.

In the absence of a market to establish the price, NewLibertyStandard's estimate based on production cost is a good guess and a helpful service (thanks).  The price of any commodity tends to gravitate toward the production cost.  If the price is below cost, then production slows down.  If the price is above cost, profit can be made by generating and selling more.  At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.

In later years, when new coin generation is a small percentage of the existing supply, market price will dictate the cost of production more than the other way around.

At the moment, generation effort is rapidly increasing, suggesting people are estimating the present value to be higher than the current cost of production.

The founder of bitcoin, Satoshi Nakamoto, had the same vision about a digital currency that functioned like gold. Instead of minting a certain amount, he came up with the idea of a regulated supply. Thus, the programmed 'inflation control' is a feature that is antithetical to common commodity production.

[threegods]

yes of course bitcoin is a digital currency like gold because bitcoin for now is the best cryptocurrency currency and can be used for all countries and can benefit from bitcoin so make the movement of trading volume of bitcoin is very big.

[main320]

All things considered, it certainly is! I simply trust that bitcoin is a possibility for every one of us. It helped me to accomplish a few objectives throughout my life and that is really a major thing for me. I'm not searching for a snappy cash, I'm sufficiently tolerant and for beyond any doubt will keep on supporting bitcoin.

[JiuMiBe]

Think of Bitcoin as a digital gold, a "hoarding of value," which, like the precious metal itself, does not necessarily have many practical uses of great value. The role is similar to gold in the eyes of investors.

[olatslodi]

For me, I can say is that bitcoin is digital gold  because it is also a valuable thing in which you only the one who knows about it , only that bitcoin it is circulating in the digital world, in terms of value it has a high value that you can use it to pay and transact for business. Bitcoin is really great and useful for everyone.

[drukoz2]

To some extent, bitcoin can really be called digital gold, although it is something completely different, special. And perhaps it is not even quite correct to compare the cryptocurrency with gold, so they are different.

[Yarsk]

At this present time bitcoin as a store of value just as gold is also a store of value is more then gold already when you take about the Price in the stock market, bitcoin can not be compared to gold because what bitcoin offer is much more then what gold can offer. If not just as a store of value what else can gold do, what need can cold meet apart from it just being an investment and an assets but bitcoin apart from being a store of value and also an assets bitcoin is also a currency that is use for payments online and without limitations in terms of boundary restrictions. Bitcoin is the new generational gold.

[ACCOUNTSTRADER]

Yeah of course, what can be if not?

[Xardasim]

In my opinion, Bitcoin is a much more valuable asset than Gold. Gold is just a metal, the only thing that makes it worthwhile is the limited scale. So, instead of gold, there could be iron or any metal.
But, Bitcoin is one of the biggest inventions ever. It is such a discovery that makes people's business much easier and we can call it a ''NEW ERA''.

[olegblinov86]

Yes, bitcoin can really be called gold in the sense that it brings us great income as an investment. Although gold is more reliable, as it has been tested for centuries.

[Sirait]

I think it is more appropriate to say as a Digital mine because the mined not only gold but diamonds and coal as well, and I think Bitcoin and another Cryptocurrency are more valuable than gold and other real minerals  

[Mr Bhuiyan]

Yes, bitcoin is digital gold, the value of bitcoin is like gold.It brings us great income.Bitcoin is the new generational gold.Bitcoin is one of the biggest inventions ever. It is such a discovery that makes people's business much easier.it will make your life much more easier.Bitcoin is really great and useful for everyone.

[andisuk]

Yes, bitcoin is digital gold, the value of bitcoin is like gold.It brings us great income.Bitcoin is the new generational gold.Bitcoin is one of the biggest inventions ever. It is such a discovery that makes people's business much easier.it will make your life much more easier.Bitcoin is really great and useful for everyone.

indeed bitcoin is very useful for everyone, ranging from for transactions, then as learning, and as a tool that can for the recording of the data can not be to be changed

[miyong]

I consider it as a digital gold that i value too much.  I can see a great future and great income with the digital currency. There is a good characteristics behind this digital currency that makes it more special and so useful to all believers.

[qwertyup23]

yes of course bitcoin is a digital currency like gold because bitcoin for now is the best cryptocurrency currency and can be used for all countries and can benefit from bitcoin so make the movement of trading volume of bitcoin is very big.

Being the best cryptocurrency does not constitute that it is equated to gold. They may have similar aspects but gold is indispensable. Unlike bitcoin, gold has been existing ever since time immemorial. Countries transact golds and view it as a legal process of payment. Its tangible natire and expensive price make it an investment tool for futute perspective.
Though much has been said, bitcoin cannot be a currency yet as it has to conform with the requisities.
Some countries prohibit the use of such despite having positive economic benefits.

[Silverstar]

I think so, because now bitcoin is less used to transfer coins, but more as a means of accumulating values, like gold in our world!

[Ondongeric18]

I do believe it is equivalent to gold. If only it is not so volatile it could have been gold's counterpart. The volatility of bitcoin is greater which causes the big difference between the two not considering that it is digital while the other one is physical.

[Btcepoy11]

We have all different opinion about this topic, comparing bitcoin to a good as a digital gold. For me I some aspect bitcoin can be a digital gold, a precious digital curenccy that have many characteristics to earn money.

[maxman190]

Bitcoin forks, such as Bitcoin Cash, and the already-canceled Segwit2x were aimed at increasing the block size and, consequently, solving the problem of network congestion. But still, these improvements have not made the new crypto currency more popular and expensive. Why was bitcoin created? ... "Someone says that it's like digital gold. It's amazing how fast it became mainstream "

[chichigirl]

Yes, bitcoin is a digital gold because it is very expensive or it is a crypto currency  with a great value.  It is like a gold that we consider as an asset because of the certain value.

[DimensionsOfHell]

It is often said that bitcoin is digital gold and, this is a very true judgment. Bitcoin is an exhaustible asset, like gold.

[Bitdressa]

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 the bitcoin will be very useful and more useful compared to the precious metal gold. if the precious metals gold he market prices will fall on the market and the price will go down in the market and the price will fall in the market. bitcoin is a generation of today's gold is very useful for its users, moreover can get huge profits, even can be many times the price will be much more expensive in gold. because it is now starting to use a lot of bitcoin in gold compared to precious metals may be just this opinion that I can spend

[SeVenlast]

Yes, bitcoin is a digital gold because it is very expensive or it is a crypto currency  with a great value.  It is like a gold that we consider as an asset because of the certain value.

Almost in the same way I think, because you can see yourself soaring enthusiasts about virtual money like Bitcoin this.

[DreezHoly]

 Well it can be something close to that, its the most valuable cryptocurrency at the moment and its value keeps soaring as days go by, BTC's use has continued to rise, increasing its market cap to relatively high levels keeping its prices high in the process, if it continues to develop at this rate then there will be no stopping BTC

[shaheer001]

It is right Bitcoin is now every one take it like gold and hold it for long time same like gold holders are doing. so we can say it the digital gold for new generation and in my opinion now Bitcoin is more popular than gold, gold investment is more than bitcoin because world wide all govt have big reserves in gold like China,India,USA,Russia have invested in gold and when these govt's not individual investor will invest in Bitcoin then Bitcoin price will uncontrolled.