Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a Digital Gold??
by
Roboabhishek
on 24/09/2018, 14:41:12 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.

Yes bitcoin is certainly digital gold as all its properties and digital value is same as that if gold . So it is always compared with gold as gold is used as an asset for one as it's proven that gold's price is evergreen which is same as that of bitcoins price .