Is Bitcoin a Digital Gold??

[moncheft]

I appreciate your thought and you are right because there are a huge difference between gold and currency and bitcoin is digital currency not digital gold.

[SarahAfiah]

Gold can be achieved in the real world but bitcoin? only obtained from the digital world. it cannot change anything if gold and bitcoin have two 2-dimensional differences that have different flexibility in investing from the market and value

[syntac]

a real example is me, I've been playing bitcoin for 4 years, and I've got a lot of results, so far, my economy is more awake and organized. it all cannot be separated from the role of bitcoin. I hope, hopefully the development of bitcoin at present and in the future will always be long-term productive.

[BILGPS]

We can say that bitcoin is not a digital gold but it is more than that and crypto currencies are more faster than any of the digital gold and we see that bitcoin is compared with gold so In this time bitcoin is the main and powerful currency for International trade. Bitcoin is the basis for the blockchain technology while it is more secure than any digital media like debit and credit transfers etc.

[#dhabitamartha]

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 it's also a bit of money, it's not just an ordinary currency, now it's not like before, everyone hopes that bitcoin is like gold and now it's not again . but next year we won't know what's happening with bitcoin ??

[Elqui]

I agree with you. Bitcoin is really a digital currency and i think a lot more people will use it in the future. But you can also call it a digital gold specially when you earned a lot from it specially from trading.

[Jvcki Waii]

I don't think so. Bitcoin is a commodity.

[Jdleonor]

Yes, I believe the crypto currency is a digital gold.Before the era of digital world gold was the biggest investment asset .So for these, i can just recommend to everyone to hold your bitcoins!

[faceoff97]

The concept is almost same since Bitcoin has limited supply also. The only difference is that Bitcoin is too volatile, its price might change any moment. Bitcoin is a modern gold, it has too complex technology that made people to come into it. Its security and decentralized system made most of the people attracted. Since more and more people now doesn't want any third trusted party, cryptocurrency is all tge solution. I would suggest you to keep your funds under the security of Crypto, you might have coins but you still store it in non open source wallet. This made you just doest mmaximize the idea of Crypto. Check out an open source wallet such as HODLER wallet.

[Yadamosan]

For me Bitcoin is a Digital Gold because there's a many things Bitcoin can do like paying for bills, Bitcoin is not just a investment but its our future money for sure, yes we all know Bitcoin is totally down and sometimes going up but if Bitcoin goes continues bitcoin will be our future money although Don't giving up bitcoin but let's Bitcoin go up so for the future bitcoin will be our money.

[SashaBooo123]

First, Bitcoin is not dependent on any state or economy. In fact, Bitcoin is not correlated with any other asset, including gold itself.

Secondly, Bitcoin can be purchased and sold anywhere in the world regardless of local markets and banking infrastructure. This is the key to effective international capital movements.

These two properties have the majority of cryptocurrencies, but there is a third (and the most significant) feature: Bitcoin, like gold, is very resistant to changes.

[antonhuda]

Various opinions and bitcoin are very interesting topics. Bitcoin can grow rapidly and can call it a digital currency because it can be used for transactions in the internet world. Then bitcoin can be said to be digital gold because of the high value of bitcoin, many people say that bitcoin is a digital gold asset that can boost the online world.

[akram143]

Gold can be achieved in the real world but bitcoin? only obtained from the digital world. it cannot change anything if gold and bitcoin have two 2-dimensional differences that have different flexibility in investing from the market and value

Both Bitcoin and gold had equally similarity and differences why I am saying this Bitcoin is a digital currency gold is not like digital currency it is a solid product so when comparing gold to Bitcoin Bitcoin is little bit more higher than valuable for mine so this is my opinion but it changes each and every person perspective and their view but Bitcoin is very valuable than gold.

[Shakiraroyce]

We should not compare bitcoin with gold. Because they are not the same. Big money like Bitcoin since its appearance has been compared to gold, as gold is considered an investment for any time, even when fluctuations or inflation happen. The bottom line is that gold and bitcoin are not the same, and those who think that bitcoins will work the same way as gold do so a big mistake.

[Irvinn]

In general, gold symbolizes price stability. Bitcoin is the complete opposite of gold. Given the high volatility of Bitcoin, what kind of digital gold can we talk about. Say about the digital gold of Bitcoin to those individuals who bought Bitcoin when it stood at about $ 20,000 and tell them where their digital gold went.

[cxmyifan16]

I don't think so but there are people who call it like this. To my mind, btc is even more expensive than the gold. today in our era it is better to use gidital money than the standard one

[sidebyside]

At the present time bitcoin is considered more digital gold. But in the future bitcoin will be the new payment trend and it can be considered as digital money. This is just the way we call it. digital gold and digital money it has shown the value of bitcoin and its future development trend

[zeingrind777]

Is it reasonable if at this time Bitcoin is referred to as a digital currency or cryptocurrency, in my opinion NO. Why?? because I think Bitcoin only circulated as much as 21 million coins, it can't be enough to meet everyone in the world, so Bitcoin is better suited to Digital Gold or Crypto assets  

[cybersofts]

Basically, the bitcoin was originally invented to serve two purposes which are as follows; a digital payment system and a digital store of value. Also, there are so many publications online by experts regarding the bitcoin as a new gold 2.0. The bitcoin can used as payment system or as a digital store of value just like gold. thus, as a result of that is see nothing wrong with calling bitcoin as a digital gold. 

[lornadane]

Bitcoin is not a digital gold and it not even investment tools! Bitcoin is a decentralized Digital currency! Some People only use bitcoin as an investment or a money making tool. They are totally misusing bitcoin's value and that's why we need learners, not earners! Bitcoin's main purpose I think to use as a payment method globally! and I hope In future bitcoin will be used as one of the best payment ways!