Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a Digital Gold??
by
MinerFTW
on 10/09/2018, 17:27:43 UTC
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 fully agree with you opinion. And in my opinion, the hopes of most people at BTC to reach cosmic prices are quite exaggerated. Perhaps it will be just a digital currency at a normal price in the future.