Quote from: nealdlover on September 27, 2018, 05:12:42 PM

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.

It is a good point , most people involved in the cryptocurrency market are eager to profit for themselves but sometimes they do not understand the true value of bitcoin should invest in a lack of understanding. I used to do that and have learned a lesson for myself so I have a suggestion to understand it well before you want it to benefit you.

indeed understanding how the basis of bitcoin is the main key because if we only focus on profit numbers we will not understand or even benefit, if we understand how the fundamentals are then the factors that influence how bitcoin is then we can determine when to benefit