Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a Digital Gold??
by
abojamal
on 02/10/2018, 23:16:51 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 do not see any contradiction between the two views
It is a significant shift in financial freedom
It is also a good investment opportunity.