Quote from: bangkecol on September 29, 2018, 06:02:02 AM

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.

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.

Maybe the means not in terms of its fluctuating nature and is different from gold, but how bitcoin becomes the most sought-after/demand
commodity in online, just as gold is most in demand and used in offline investment, so some people call it digital gold..