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Author Topic: Is it digital gold?  (Read 782 times)
ged00u
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May 26, 2018, 08:58:13 PM
 #261

Yes, I think that bitcoin is digital gold. Satoshi Nakamoto wanted bitcoin to become a currency but the people have already turned it into a kind of investment. Many bitcoin are hold by investors without being spent. Therefore, people truly turn it into gold

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May 26, 2018, 11:07:14 PM
 #262

I agree it's a digital gold, and I think that would be the best way to describe bitcoin as digital cash isn't really the right way to do that, I still think that bitcoin is a lot more then just digital gold.


Gold is a decentralized , can't be controlled by anyone and no one can print or make new gold out of no where, just like the bitcoin, it's price is being determined by real time trading, and nothing else, the inflation rate could be called fixed as there is not an organization that can decide to change the rate, but we can't know if someone will find a new gold mine or a planet full of gold in the future.
Both bitcoin and gold can act as a store of value
Bitcoin can also be transferred electronically, a place where gold failed,and is very easy to transfer and to verify that it's legit, and that's why it can also act like cash and not just like gold.



A lot of times bitcoin is being compared to gold because it is indeed both a great assets. Bitcoin is as precious as gold its value gets higher as time goes by. But one of the features of bitcoin that is unique from gold is that it is digital and work by means of technology.

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May 26, 2018, 11:17:32 PM
 #263

Take a look at the logo of Bitcoin. It is a gold coin. When Satoshi Nakamoto compiled the first public open source version of Bitcoin Core in 2009, he designed the icon for executable file with the yellow coin and the text "BC" painted on it. Yes, Bitcoin is a digital gold among the crypto currencies.

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May 26, 2018, 11:44:56 PM
 #264

you simply cant compare bitcoin with GOLD . but believe me Bitcoin is better then gold 1000 times ... in some reasons GOLD is good because physical item and bitcoins only in numbers over internet.

 Yes, Bitcoin is a Digital Gold. Gold maybe a Solid asset, used as the Financial Asset by its government during the early year of trading and until now still use as collateral for trading.But with this emerging crypto currency market trading Bitcoin is the talk of the town in the market place. In reality we can not simply compare a Solid asset to Digital one, both are with different qualities, and status in the market.

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May 27, 2018, 02:07:30 AM
 #265

In monetary terms, bitcoin trumps gold. BTC can infinite integral, easy to carry, this is a big threat for governments of monetary policy), payment speed, easy to discern between true and false, it is said that made the fake BTC cost is high, it is better to invade the traditional banking system more easy). So, from a monetary point of view, gold is a currency about to be eliminated.

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May 27, 2018, 02:30:46 AM
 #266

Maybe it is or maybe not. But bitcoin is sometimes called a digital gold because of how its prices increased a lot in a few years span. Bitcoins are also mined so maybe it is a digital gold then.

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May 27, 2018, 03:04:52 AM
 #267

If you have thought and said so, I see that you are not wrong, bitcoin is like gold, especially those who are bitcoin members will appreciate their value and will treasure them as precious even gold than gold.

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May 27, 2018, 03:25:57 AM
 #268

Maybe it is or maybe not. But bitcoin is sometimes called a digital gold because of how its prices increased a lot in a few years span. Bitcoins are also mined so maybe it is a digital gold then.
bitcoin and gold have some similar resemblances. and this affects the prices of these two commodities. with limited supply will make bitcoin and gold more expensive.

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May 27, 2018, 09:23:03 AM
 #269

Maybe it is or maybe not. But bitcoin is sometimes called a digital gold because of how its prices increased a lot in a few years span. Bitcoins are also mined so maybe it is a digital gold then.
bitcoin and gold have some similar resemblances. and this affects the prices of these two commodities. with limited supply will make bitcoin and gold more expensive.

Yes. Bitcoin could be label as digital gold. It is often compared to gold since they are both great assets. Bitcoin is as precious as gold. But unlike gold, it could only be mine in the digital world.

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May 27, 2018, 09:36:23 AM
 #270

Bitcoin is like digital gold ........ is it correct? It is a transferable asset but not duplicable ..... do you agree? What are the points in favor and those against this statement? I would like a very analytical and specific arisposal.
True bitcoin is digital gold
Because this bitcoin increases sharply every year compared to gold. Therefore it is very profitable if we have bitcoin for future investment

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May 27, 2018, 11:34:21 AM
 #271

Bitcoin will be the digital gold of the future!
BTC's scarce performance has allowed it to gain public recognition. Bitcoin transactions can be tampered with under decentralized mechanisms and thus have value!

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May 27, 2018, 12:54:59 PM
 #272

Yes, I think that bitcoin is digital gold. Satoshi Nakamoto wanted bitcoin to become a currency but the people have already turned it into a kind of investment. Many bitcoin are hold by investors without being spent. Therefore, people truly turn it into gold
Definitely, bitcoin is the digital gold because it is precious as gold. Bitcoin's price soar high over the past 9 years. That is why many people would want to own one.

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May 27, 2018, 01:07:52 PM
 #273

I have read that it can be really called so because Bitcoin is a great currency that will help everyone to realize its great pros. I am sure that btc is strong enough to become very popular and it will be approved by most governments

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May 27, 2018, 01:12:06 PM
 #274

As close as you can get to being digital gold with the one addition that you don't need to carry it around with you. All you need to remember is a 12 or 24 word seed phrase and you have your wallet in your brain at all times!
We can say that bitcoin is digital gold because it gives us such great value as the gold that we have had for thousands of years in human history, the value it gives us. It is undeniable that we can compare it to digital gold.

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