Quote from: fosco333 on September 12, 2018, 01:38:02 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.

But if we think btc is a digital gold, the price should be like gold. Gold price is very stable, compare with bitcoin is far from stable.
We don't know the future yet, if mass peoples are using bitcoin as their currency, then indeed it will be like a digital gold.

Although I do not know about the future but I can guarantee that bitcoin can not be used as currency when it is not legal and accepted by governments, and when people compare it to gold, it's an irrational comparison. Because bitcoin is not as precious and stable as gold, everything it gains is just a belief bubble and is controlled by certain forces, sooner or later it will become weak on the market, digital gold is just a dream

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