Is Bitcoin a Digital Gold??

[Dondisimo]

I think that bitcoin is compared to gold, because these are two very profitable investments. But bitcoin is a modern analogue of gold, and even more profitable.

[bitvelk]

As a metaphor, bitcoin can really be called digital gold. At least because bitcoin is also a very profitable investment, although it was created recently and has not yet earned such authority as gold.

[Jeremiah0]

In recent times it has been been proven beyond a reasonable doubt that bitcoin is not the best payment option in crypto with the emergence of blockchains that are 100* faster however bitcoin has retained its integrity as a store of value as it has remained a Giant and retained stability in an absolute bear market. If by digital gold you mean store of value the absolutely yes bitcoin will represent 'gold' in the digital world in the nearest future.

[thevlox]

yes bitcoin may be a digital gold bitcoin gold is like expensive bitcoin gold. When its price increases. So I bet bitcoin that a digital gold.

[Goldenmoll1988]

Yes, of course, Bitcoin can be called digital gold. Its quantity is limited, and each time it becomes more difficult to obtain. This is the value and significance of Bitcoin for the entire globe.

[bangkecol]

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 think bitcoin can't be said to be digital gold, why is that? because in the gold category, fluctuating movements in prices tend to be stable, I think bitcoin is more precisely an alternative payment system besides FIAT currency.

Many think that bitcoin is only in value, but does not really understand the function of bitcoin itself.

[randegibran]

I think bitcoin is not digital gold. It is digital currency. Many people compare it with gold. Price of gold is stable but bitcoin price is not stable. Gold is a thing otherwise bitcoin is digit in computer.

I agree that don't compare bitcoin with gold because it's very different. which must be known bitcoin can make multiple profits but can lose too

[Azamikio]

i don't think bitcoin is substitute as gold.Because it is can not replace gold as the asset.

[hdtqisg]

Bitcoin is very valuable at this times, It can be considered valuable assets on the Internet! Gold of Technology 4.0.

[soulripper]

In my opinion, Bitcoin can be said to be as Digital Gold. This is because bitcoin prices are so expensive as gold prices. The second reason is that many people are interested in bitcoin and are willing to invest in bitcoin because it is the free money available through the internet.Other that than is bitcoins can be stored or hold in the wallet even for a long terms. However, the security of the wallet password should be well maintained so as not to fall into someone else to prevent the account from being hacked.

[sandaru]

Actually according to my point of view you are most probably correct. When we look for the market cap of the bitcoin would never be surpassed by anotger coin and people are trying to collect more and more bitcoin according to their capability. So i think not only individual people but also the governments and the banks may try to store bitcoin as much as they can . So, yes i think that bitcoin is the gold of cryptocurrency.

[Mr Batman]

I think yes, because Bitcoin is the same as Gold, which can be use to mining, trading and payment, therefore I agree that Bitcoin is a Digital Gold

[smartbitcoininvestor]

Bitcoin is considered by many to be "Digital" Gold, in the sense that there is a limited amount in existence. The cool thing about Bitcoin is that it can be sent anonymously across the world within seconds. Gold, on the other hand, is usually stored in vaults or used in jewelry, art, and other artifacts.

Did you know that you can actually buy gold with bitcoin? Check out this guide for more information.

I would probably just invest in both. After all, it is called Gold so it will have value in just about any scenario.

[napi]

I think bitcoin and digital eyes like bitcoin can be very expensive if this bticoin has a very high demand because if you don't have very high demand, bitcoin will be very difficult to get to expensive prices.

[Pattart]

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 think bitcoin can't be said to be digital gold, why is that? because in the gold category, fluctuating movements in prices tend to be stable, I think bitcoin is more precisely an alternative payment system besides FIAT currency.

Many think that bitcoin is only in value, but does not really understand the function of bitcoin itself.

Maybe the means not in terms of its fluctuating nature and is different from gold, but how bitcoin becomes the most sought-after/demand
commodity in online, just as gold is most in demand and used in offline investment, so some people call it digital gold..

[lexkiee28]

I am not believing on a digital gold maybe the right perspective about bitcoin is the value like a real gold it has a high value no one can replace the real gold because it is a natural resources.

[laylava.sted]

First, like gold. Bitcoin is used as digital gold today, bitcoin is a finite resource. Only 21 million Bitcoin will ever be produced, so it’s a deflationary asset that benefits from relative scarcity. Only bitcoin is pure digital gold, all the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That's the first one they have to give up to try to have a business model. Moreover, Bitcoin is an asset with a high expected return, and these assets tend to be more volatile.

[POM]

To be honest, sometimes i think its even better than gold. I really love being into crypto and btc from the day one. I like how its getting stronger day by day. And i see that people just getting more curious about it. Apparently the future is bright.

[aanaa90]

No not at all bitcoin is a digital currency also known as digital crytocurrency . Digital gold i havent heard anywhere its something else people are imagining.

[Hirokook]

yes bro in my opinion i think it's a digital coin. it's popular every people around the world know it