Is bitcoin digital gold?

[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

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[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...