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.

The Bitcoin whitepaper was made almost 10 years ago. The price of a Bitcoins was not expected to rise to the thousand for just one coin back then.
The use case for Bitcoins as a fast payment are limited, the network are reliable, but to slow to be used for a payment system. Other coins are better for that.
The high price also makes Bitcoins something people want to keep. It has proved itself as a safe haven against inflations. And that make Bitcoins to digital gold 2.0