Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a Digital Gold??
by
bangkecol
on 29/09/2018, 06:02:02 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 think bitcoin can't be said to be digital gold, why is that? because in the gold category, fluctuating movements in prices tend to be stable, I think bitcoin is more precisely an alternative payment system besides FIAT currency.

Many think that bitcoin is only in value, but does not really understand the function of bitcoin itself.