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Author Topic: Bitcoin is gold?  (Read 834 times)
Lebovsky
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April 21, 2018, 05:28:41 PM
 #101

Fiat will be worthless, because there is an inflation currency that is printed is uncontrolled. And gold is a precious metal that has a limit on our planet. It is logical that the gold does not depreciate, due to the inability to increase its number. But the currency in which a person lays value depreciates, and turns into paper. With bitcoin, this should not happen, because it has a limited amount, as laid in white paper. Depreciation is possible, but only artificial.
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April 21, 2018, 05:38:36 PM
 #102

I think Bitcoin is Gold. Because Bitcoin's value is almost like Gold. It is not like Gold, but it does many things that gives pleasure to people.
Gold is such a valuable value, Bitcoin is very valuable. So I like Bitcoin.

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April 21, 2018, 06:16:01 PM
 #103

Fiat currencies have a characteristic that can also be a problem: they are state currencies. If the government or the economy of the state are in crisis, the currency may collapse. A cryptocurrency, on the other hand, is based on trust and not on strength, so in a moment of crisis it can become like gold.
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April 21, 2018, 06:19:53 PM
 #104

People that say these things have an agenda, they want you to buy into either gold or bitcoin in order to push the price up. I see the gold commercials all the time, they're saying that Gold is going to be the only thing which is going to survive (and thrive) during an economic crash and you'll be able to be rich during this time. People say the same thing about bitcoin.

I can assure you that during an economic crash both will be useless, they're just random items anyway.




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bright4mech
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April 21, 2018, 06:53:45 PM
 #105

Bitcoin is an asset, thesame way we value gold, but the difference between gold and bitcoin is simply as Bitcoin is a digital money, that is software that can be see and calculate the value rate, and also accepted. while gold is some thing that can be touch and feel, base on the physical weight that can be determine the prize value in the market.
Cungkringbae
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April 21, 2018, 06:59:03 PM
 #106

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?


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April 21, 2018, 07:04:56 PM
 #107

I believe that bitcoin will always have a high selling point, in the future more people will recognize bitcoin and bitcoin in the future will become scarce and become a high value item. so I'm sure bitcoin can be like gold.
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April 21, 2018, 07:08:32 PM
 #108

Bitcoin better than different is Bitcoin which is similar to digital gold and some bitcoin is digital currency Bitcoin is much more profitable gold
anatolykarpov
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April 21, 2018, 08:24:28 PM
 #109

In this age of digitalization we don't need to touch something physically to be able to value it.

Everything is being digitized and why not the same for gold & money ? A revolution has started though many still don't notice.

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April 21, 2018, 09:33:03 PM
 #110

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?
Gold is completely stable and has a huge support base from laymen. It's one of the most valuable investments. Btc is not like gold as it's yet to be completely stabilised I.e it has improved in stability but the rates can be improved even further. Gold for the record is also traded on a larger scale. Btc is useful for higher profits but riskier too.
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April 21, 2018, 09:40:35 PM
 #111


This is already so!
At first the community recognized the value of Bitcoin.
Bitcoin's price slightly exceeded the price of Gold.
Then the price increased a few times!
This is absolute recognition!

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Washball
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April 21, 2018, 09:46:43 PM
 #112

As a matter of facts, bitcoin can be seen as digital gold. It was created as decentralized cryptocurrency, but it's mostly used as an asset. People by bitcoin and hodl instead of using it as a currency. Hodling bitcoin has only one reason: waiting for the price to increase, before selling out. Just like what you do with gold.

Kikir leutik
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April 21, 2018, 09:52:54 PM
 #113

actually this is a frequently asked question. comparison of bitcoin with gold.
I think bitcoin is the digital currency.
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April 21, 2018, 09:53:24 PM
 #114

What is gold in the first place, what are the value of gold and what special functions do gold perform, bitcoin on the other hand has performed a lot of functions due to the fact that bitcoin is an assets and at the same time a digital currency a features which gold does not have.
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April 21, 2018, 10:01:09 PM
 #115

Bitcoin now are look like a gold its more valuable and many people hold bitcoin. Bitcoin price are easy going up but gold you can wait how many years before the will go up. So bitcoin is better than gold.
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April 21, 2018, 10:05:18 PM
 #116

According to my observations, gold has a history of years already known to many people but if bitcoin still takes time to prove to the public that bitcoin is higher in value than gold or other currencies. Thanks
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April 21, 2018, 10:07:46 PM
 #117

When we discuss about the BTC in terms of price, I think it already exceeded its value, but when it come to existence gold is the best choice of everyone who doesn't have any idea or deep understanding of BTC.
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April 21, 2018, 11:23:09 PM
 #118

gold is rare. That is, the amount of gold is limited (there are only so many golds in the world - if it is too much then everyone can have it and gold will have no value whatsoever). 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, just like cents in Dollars or Pennies in Pounds.
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April 21, 2018, 11:34:35 PM
 #119

I watched a video telling that every paper currency in history all collapsed , and USD will collapse too, in future.

The time in which a currency collapses is when people don't believe in its value anymore. And obviously, when thought reversely, something becomes a currency when more and more people believe in its value.
And currency becomes money when they don't lose value between people regardless of time, like gold.

Do you believe btc could be in this position? BTC could become gold?

Yep there are possibilities

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April 21, 2018, 11:35:22 PM
 #120

 I agree  bitcoin is  digital gold; many crypto investors have coined Bitcoin as the world’s digital gold.
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