Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a Digital Gold??
by
Xenoph0bia
on 02/10/2018, 17:36:07 UTC
We should not compare bitcoin with gold. Because they are not the same. Big money like Bitcoin since its appearance has been compared to gold, as gold is considered an investment for any time, even when fluctuations or inflation happen. The bottom line is that gold and bitcoin are not the same, and those who think that bitcoins will work the same way as gold do so a big mistake.
I agree with your opinion that bitcoin with gold is different and also in terms of usefulness. many people think that bitcoin is gold
Yes I think Bitcoin is a digital gold.Gold is an asset which people hold and wait for future rise in price.But the value of gold is very stable and therefore the profit margin is very little for even nil.On the other hand Bitcoin's value is very volatile and so the price keeps on rising and falling.Bitcoin is a money making machine and therefore people hold Bitcoin for future and they receive good amount of profit returns in a quicker time period.Bitcoin is the best crypto till date.