Is Bitcoin a Digital Gold??

[regadly]

I think the biton will go the way of gold as a measure of value. The digital economy needs its digital standard of success.

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[swaggerkeme]

Bitcoin is certainly a digital currency which can be used for several business transactions. The problem is people have their own views on bitcoin and how they uphold it is a matter of choice. To some people, they see bitcoin as a digital asset or digital gold which can be sold in due time to earn profit. In my opinion, bitcoin can really help in several business transactions without any difficulty just like how fiat currency is used.

[Janeetaa]

I think Bitcoin can be said to be digital gold because bitcoin is a huge asset in the crypto world. Bitcoin has the highest value among other coins.

[remuy24]

maybe bitcoin is digital gold, but bitcoin isn't just gold or anything. Bitcoin exceeds the expectations we imagine, all those who invest in bitcoin want something that exceeds gold or whatever.

[cjinny]

Bitcoin is bitcoin and cannot be said to be digital gold because the price is always fluctuating. More precisely it can be referred to as a decentralized and anonymous digital currency.

[Bannednehlahmos]

yes it can be said like that. bitcoin is digital gold because of the high value of bitcoin. good for future investment

[Mhd-Bobbi]

I think bitcoin could be a digital gold. Although i know the perspective you are coming from but also remember that real gold is not digital but bitcoin is, so within the "Cryptotic" world bitcoin could be digital gold.

I think, your thinking is wrong. Why do you say real gold is not digital but bitcoin?
Real gold is a sparkling stone, while digital gold is gold Bitcoin, so digital gold with gold stones is of course different.

[Sakena90]

Yes. It was realised as a currency but over time has grown to be an asset. It is in the same category with gold. The price of gold at sometimes too fluctuats before it gets stable. Sometimes coming, bitcoin price will become stable and will trade at higher level with just the few that will hold it by then.

[reda]

Yeah. Bitcoin is also gold. bitcoin price is any time to up and down. So this good opportunity for the people invests in the bitcoin. Time is important for bitcoin and gold. So people time to check the price and time to invest. Bitcoin is the good future investment. people always choose the bitcoin. But some people don't know how to choose and invest. the market right place to get the price information. So don't lose the bitcoin.

[ogtejiri]

different people and different way they see things. some think bitcoin is a digital gold where they can invest their money and wait while others see it as a faster means for transactions which was the main reason it was introduced in the first place. well i believe people should be educated more about bitcoin and cryptocurrency and the whole ideology behind the blockchain technology.

[MinerFTW]

After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.

I fully agree with you opinion. And in my opinion, the hopes of most people at BTC to reach cosmic prices are quite exaggerated. Perhaps it will be just a digital currency at a normal price in the future.

[IndependentWild87]

Bitcoin is not digital gold it is digital currency and there is a big difference between gold and currency and there is also difference in the case of acceptance.

[LieTOme]

After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.

When viewed from the results and profits can be said to be digital gold and when viewed from the physical, I think it is different from high-risk investment gold which will certainly make great results, and later belief is the main capital

[Marcel555]

Gold is a commodity that derives it's value from its physical properties and applications, bitcoin is an asset which facilitates transactions and interactions over the blockchain protocol, and it's value is mostly determined by the market forces of demand and supply.

[anilsaini.jaipur]

yes correctly summarized bitcoin is only a crypto currency and not digital gold. To be considered this, btc needs to have real physical value to support it. Currently its all speculation on its prices and till the time it does not go mainstream, it cannot be considered as digital gold.

[TechnoX_X]

You are right! Indeed bitcoin and gold are different things. But one thing you must know is that there are so many different opinions in interpreting bitcoin and how to use it, but they are still one goal. What is that ? become an alternative payment instrument after FIAT money.

[bigbosma]

I also prefer to perceive bitcoin as a currency, because it is significantly different from gold, and so I do not see any sense to call it digital gold.

[bitvelk]

Bitcoin and gold have in common is that they can be invested. That's where the similarity ends. So why should it be called bitcoin digital gold in this case? It's currency!

[frankiemalton]

Only Bitcoin is pure digital gold… and I totally buy into that.  First of all, Blockchains - especially Bitcoin - aren't Gold. So many amazing altcoins out there.

[paulk11087]

Be sure that when Bitcoin's value is understood, it will become a more valuable investment tool than gold. At first, people considered trading as a means of trade, but later it became clear that it was very difficult to trade.