Quote from: roadbits on July 16, 2017, 05:52:07 PM

Quote from: xIIImaL on July 16, 2017, 02:34:56 PM

Quote from: Fermin on July 16, 2017, 11:43:07 AM

Bitcoin is an asset and like currency also.Bitcoin is an electronic financial mechanism providing features that resemble an established currency system with its own money creation and transaction regime but relies on a decentralized organizational structure. In contrast to the central banks discretionary decision making, money creation in the Bitcoin system is transparently realized by a distributed and open algorithm, facilitating the reliability of expectations about the future supply of money.

I am also hoping the same but nowadays seeing the price bitcoin we guys are worry about the fall first. We cannot take bitcoin is like a gold at any time right. If price is the matter for anyone who doesn't know about bitcoin they will sure go to bitcoin but people already be in bitcoin community they will worry about price.

Yes if you think the Bitcoin and gold both are same then you are wrong. Gold value is less to compare Bitcoin but it has more value in the international market, and it got huge investors all over the globe. Even Bitcoin also become popular in all over the world but people will not believe Bitcoin like gold because of huge price fluctuation.

Once the market gets bigger and there are more ways to access bitcoin.. trustworthy exchanges, ETFs, the price will stablize. In the end though the bubble has burst for now, I fully plan to buy back in and fully expect ETFs to hit some stock exchanges at some point. This will drive up demand significantly. In the end I believe Bitcoin is going to stay king, and that the crypto space would be better served used as a store of value, like gold, rather than investing in the tech, because like I've mentioned already, it's all open source anyways so anyone can rip off or create their own at any time. Since bitcoin has the name recognition and exposure, it's important we support it, assuming they take the necessary steps to reduce fees and improve the tech over time for scalability.