Is bitcoin digital gold?

[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.

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[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.