Similarity between Bitcoin and Gold..

[Tienda]

I think before the creation of Bitcoin, Satoshi Nakamoto person or group they are copied the idea of exploration mining process from Gold mining exploration process. Because I think there are many similarities between Bitcoin and Gold.
The color of Bitcoin logo similar to the color of Gold, mining process for Gold using a tools and heavy machine, mining process for Bitcoin using a small machine...etc

What do you think about the similarity between Bitcoin and Gold?... Is possible copied from Gold?..​

 

[giddy]

The similarities between gold andBitcoin start from the process to obtain new units of the asset, Bitcoinconception occurs through a process called mining. This term is used because of its similarity to gold, as both are scarce goods that cannot be produced by humans, only extracted

 

[MastetG]

Both are speculative
A speculative investment is when the asset in question has a high degree of risk where profit depends a lot on the price fluctuations of the market. Bitcoin, with its famous volatility, can definitely be categorised as a speculative investment. Gold isn’t as well-known for being as volatile as Bitcoin, but it is still considered a speculative investment as investors buy with the hopes of holding it until significant gains can be made.

 

[Suba]

If you want to know, about the similarity between Bitcoin and Gold
The similarity between the two is to get new Bitcoin and new gold must go through the mining process, Both have a limited amount estimated at Bitcoin after 2040 and gold is estimated to be mined out in 2041. Both are not controlled by the government, as a Safe Haven Asset and inflation protector.

 

[Sincerem]

Both are similar in nature, I believed that, when you watch the shape of Bitcoin it is almost equivalent to Gold. Mr Nakamoto satoshi and his group copied some certain things about Gold before embarking on something that will replace Gold over time.

 

[WhiteHouse]

It's uncommon: The Bitcoin and the gold are uncommon, you can't simply make since you need to; there are restricted measures of gold and Bitcoins (21,000,000) and nobody will make more gold (or Bitcoins). Additionally, no service have the command over Gold or Bitcoin, they gangs, that is right yet they don't claim anything.

Sturdiness: Like gold, bitcoin lives on the web and as long as the web lives, Bitcoin will. The gold is utilized since quite a while past to business, make gems, and different uses; Bitcoin is utilized to make brilliant agreements, to cast a ballot, wager and other multi employments.

 

[Seun4luv]

The similarities between Bitcoin and gold start from the process to obtain new units of the asset. Moreso, Bitcoin conception occurs through a process called mining. This term is used because of its similarities to gold, as both are scarce goods that cannot be produced by humans, only extracted.

 

[Patrik]

i believe that these common things that they both share, Bitcoin and Gold make no sense, in fact, they probably picked that golden logo just because Gold color has a meaning, a meaning that makes you think something is expensive or something like when it has that golden color

 

[Goodday]

Bitcoin and Gold have many similarities but I think the main one is mining. Both Bitcoin and Gold are obtained from mining and there is a maximum supply for each of them. Both of them are very expensive especially Gold and it will cost you a lot if you want to get one.

 

[Ralphjoe]

They are both actually very similar in scarcity, in value, in the process of obtaining them, but one difference about them is that gold is a physical asset while Bitcoin is a digital asset.
Bitcoin and Gold are some of the most valuable asset in the world right now and it makes sense that the creator of Bitcoin copied some concepts in Gold.

 

[btaliat]

From the image of bitcoin, it is just like gold. This is to show that bitcoin is the modern gold. That is why they use mining in bitcoin as well because we all know that gold is also mined. Both as well are lucrative asset that can make the owner rich in a twinkle of an eye.

 

[Abibatabosede]

In economy comparison we can say they are similar because they both produced profit through value of their rates in moving up and down but if we compare their origin we can say that the difference between them is not little.

 

[Machismo]

Both bitcoin and gold are very rare commodities that could only be achieved through extraction or mining. And they are not controlled or affected by any monetary system; government or central banks.

 

[Adegbindin Abdullahi]

The similarities between gold and bitcoin start from the process to obtain new units of the assets, bitcoin conception occurs through a process called mining. Both btc and gold are scare goods that can’t be produced by humans, only extracted

 

[Tariq Shehzad]

There is much similarities between bitcoin and Gold, but the bitcoin has much largest value as compared to Gold. The value of 1 bitcoin is almost equal to 35 k+$. It is very big amount that a bitcoin is possessissing. You can buy heavy weight gold with such a single currency.
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There is much similarities between bitcoin and Gold, but the bitcoin has much largest value as compared to Gold. The value of 1 bitcoin is almost equal to 35 k+$. It is very big amount that a bitcoin is possessissing. You can buy heavy weight gold with such a single currency.

 

[Sotherefore]

I did not even understand the similarities you are talking about does it mean that gold is more valuable than bitcoins or does it mean that bitcoin is more valuable than gold, if you are interested to have bitcoins you can mine but if you're interested to have Gold also you can mine but that one you must have ascertain the permission by government if you want to go ahead to do that. You can still mine but but bitcoins is simpler

 

[Kinglegend01]

I think i agree that bitcoin and coin has alot of similarities. For one they are both worth alot of money per their quantity of measure presently and they are both volatile that is because they both produced profit through value of their rates in moving up and down.they both produced by mining them, the difference is one is mined digital and the other physically. Another similarity is that they both have a maximum amount or quantity.

 

[Nicklas22]

The similarities between gold and Bitcoin start from the process to obtain new units of the asset, Bitcoin conception occurs through a process called mining. This term is used because of its similarity to gold, as both are scarce goods that cannot be produced by humans, only extracted

 

[Lagazine]

The similarities between bitcoin and gold is not much. Both have a value that is unpredictable. No one will ever predict the rise a d fall in Bitcoin and gold as both are great assets to the wise ones. Trading with both assets will bring a sure returns in good faith.

 

[Akinwale701]

I think before the creation of Bitcoin, Satoshi Nakamoto person or group they are copied the idea of exploration mining process from Gold mining exploration process. Because I think there are many similarities between Bitcoin and Gold.
The color of Bitcoin logo similar to the color of Gold, mining process for Gold using a tools and heavy machine, mining process for Bitcoin using a small machine...etc

What do you think about the similarity between Bitcoin and Gold?... Is possible copied from Gold?..​

Both bitcoin and gold are in high demand, both are useful for storing wealth and value at the same time. Both bitcoin and gold are not acceptable as legal tender and their acceptance or rejection as a universal store of value is debatable, their value is intrinsic (I guess)