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 couldn't agree more.
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BoardBitcoin Discussion
Re: Psychological fear dominates the market
by
lebowski75
on 15/10/2018, 09:39:56 UTC
I think that hodl approach is killing the market and people should be reasonable to trade their crypto. They should have balance between fear and greed.
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BoardBitcoin Discussion
Re: what is the main reason for india to ban cryptocurrency
by
lebowski75
on 15/10/2018, 09:28:54 UTC
I heard that India is going to implement their own crypto currency. That's funny, maybe they don't want competition?
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BoardBitcoin Discussion
Re: 5 Ways to Avoid Bitcoin Scams
by
lebowski75
on 15/10/2018, 09:17:59 UTC
Scammers invent so many ways to trick crypto investors. Probably I should create the new topic and tell about my own experience.