Quote from: Douglas_Rhoades on August 07, 2018, 02:08:40 AM

Quote from: Vickyrichy on August 06, 2018, 07:03:27 PM

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 agree with you. Bitcoin is a currency and is likely it will be the main (or one of the main) in the near future. But for many at the moment, bitcoin serves as a means of accumulation, so it is often called digital gold. All because bitcoin, like gold, has the same features: limitation, anonymity, growth in value. What makes gold and crypto currency even more similar is that bitcoins, like gold, can be mined.
But the future for new technologies. Players in the gold market are exploring blockchain technology in the context of turning gold into a digital asset. And it says a lot)

yeah true, bitcoin is cryptocurrency , more than digital gold or just way to make everyone rich very fast
bitcoin is new technology who growing in this century.... everyone knows that bitcoin can used by investment, payment and etc