Is Bitcoin a Digital Gold?

[Sabarhati]

yes, I think btcoin is indeed digital money whose value is like gold bullion. the value is very high and good enough to make them call digital gold ..

[frimpongtissue7]

Bitcoin is not a digital gold. Bitcoin is a digital currency for the online transaction of goods and services. The drastic increase in the market price of bitcoin does not make bitcoin a digital gold.

[elbans89]

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.

Yes I think bitcoin is digital gold. Bitcoin is good for long term investment. Bitcoin is very potential.

[Kayujaty]

If Bitcoin is for Currency, then I don't agree, because if Bitcoin becomes a currency then Bitcoin must also have a country.

[dominoes]

Digital means we deal things through technology, therefore bitcoin is digital but it is not gold. Gold is tangible which we can have in actual if we would like to buy. Gold and digital is very different. If we are referring the high value then yes it is!

[Ezzi]

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 that bitcoin is something more than gold,the most valuable, because its price is not compatible with the price of gold

[Fenix]

Bitcoin can not be digital gold, because it is actually the exact opposite of gold. This is especially true of the high price volatility of bitcoin and stable gold prices. In addition, gold can not be depreciated, and bitcoin can do it in a few days. Where then will his digital gold go?

[Bica]

I think that all who wanted to make money on Bitcoin have already done it. Now you can only suffer losses. You need to choose a new currency for investment.