Bitcoin a Digital Gold??

[Warung_lontong]

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.

[damsix]

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 know Bitcoin at a price of 1000 USD and then I buy Bitcoin with my savings of around 0.3 Bitcoin.
At the price of 19,800 USD for 1 Bitocin, I can say that is Digital Gold from Bitcoin.

[Iconic]

Bitcoin is often equated with digital gold because of the same function as investment. But in my opinion, investing in Bitcoin is more profitable, because Bitcoin has quite good price fluctuations. And Bitcoin is a concise investment for storing wealth.

[reshat]

Bitcoin, the landmark digital money and financial technology, has spawned a global social movement with utopian ambitions. ..

[Payme21]

Bitcoin can be described as a digital gold by people because they can relate tobit in that light due to the enormous wealth they must have achieved via bitcoin

[Prime]

Bitcoin has the same characteristics as gold. Like gold, Bitcoin can be broken down in the smallest amount without reducing the value. In addition, Bitcoin is also limited in number.

[gotbounty]

Bitcoin can be called digital gold. but the difference is the increase and decrease in price. Bitcoin if it increases, surely the increase will be good and big, and vice versa, if it has gone down. Bitcoin will drop and many people panic here. The difference also lies in form, if gold is the original shape and Bitcoin is a digital form. Different from real gold.

[bdsharminsoltana]

For me bitcoin is indeed digital gold, because bitcoin has a high price, and has become a lot of people as a long-term investment that is convinced that the price of bitcoin will rise quite high in the next few years. That is why bitcoin I say is digital gold, because indeed in this case it is not much different from the principle of gold, which has been used as an investment because of its price and is believed to have a bright future where people believe gold prices will tend to rise in the long term.

[yousufatik]

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, in its very beginning btc was perceived solely as a means of making safe and anonymous transactions (currency), but now the situation has changed and btc has become an investment instrument will all the consequences that come with it.
Evolution is something natural, you know, especially in this rapidly changing financial market. Many people lost huge sums not because of the wrong perception of bitcoin as a digital gold but due to their greediness and the mistakes it entails.

[simplex]

Bitcoin, the landmark digital money and financial technology, has spawned a global social movement with utopian ambitions. The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet.

[chapcha]

It can be called that. It can be said that Bitcoin is digital gold. But basically Bitcoin is a digital currency that can be traded in the Digital world. Right now until now Bitcoin from year to year has always experienced a good increase, it's the same as Gold, always experiencing a good increase. that's why I agree that bitcoin is referred to as digital gold.