Bitcoin Forum

I am completely new to this site. I have recently started learning about cryptocurrency. There are still many things I don’t know, you can say I only know a little. In these few days I have seen that people are very curious about Bitcoin. Everyone wants to know about it.

As far as I have learned, it is not controlled by any government or person. It is a decentralized coin. People call it digital gold. It allows people to directly transact with each other.

Now I have some questions which I cannot fully understand:

- Why is Bitcoin called digital gold?

- Does Bitcoin automatically go up and down or is it managed
  by any company or person?

- If I buy Bitcoin, will it be more profitable to hold it for a long
  time or for a short time?

- As a beginner, what should I do here? Should I slowly start
  learning from here or should I try to invest along with learning?


I hope the seniors here will try to help me.
Thank you.

BTC and Gold has a lot in common, like the scarcity, both have limited supply, although gold's supply can be unlimited but that's depends on the new reservoirs, both are used to store for value, people have lot of money they want to store it in an asset where they don't lose the value due to inflation so both are best hedge against inflation, both are mined but with different method, although there are some small differences in them too like gold is hard to transport and carry while you can caryy and transport trillions of worth of gold's money in the form of BTC.
No it depends on the demand and supply and as you said it is decentralized, then why you asked this question.
For a long time it will be more profitable.
you can do the both if you have money and if you can bear to lose it, then I suggest you invest too, because without investing, you are like playing very safe and you won't feel those dynamics of emotions that are necassary for the real battle.

While you're just a Newbie it can be a bit frustrating to navigate because some features are limited on purpose until you rank up (search, images sharing, signature field,...) but have patience and it will definitely be worth the effort. There's no need to rush, it's definitely better a good slow start to avoid mistakes that could lead to your account being banned.

As per learning first or investing straight way, according to my personal experience I enjoyed more investing little money I could afford to lose and making mistakes while learning. Otherwise learning only in theory can be too boring. But that's up to you...

Firstly, let's find answer from the resource where you got the term Digital gold and I believe you can find available answers and explanations there.
Secondly, in my opinion, let's call Bitcoin as Bitcoin, nothing more, nothing less, and surely I dislike to call it as Digital gold.

It's not automatically go up or down especially upward movement in long term. Bitcoin must have good value in order to be accepted and wanted by many people so that they create buying demand on the market, and lift Bitcoin price up over time.

If a cryptocurrency can go up automatically, you would see the same with altcoins while the reality is different - most altcoins die over time.

Invest and hold your bitcoin in long term as history shows that if you can hold bitcoin for years, more than 5 years, you would have gotten profit.
https://hodl.camp/
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/

Start with this https://learnmeabitcoin.com/beginners/

You can find most of this basic information yourself, i believe the first thing you will read about bitcoin if you are curious is that it is decentralized, and that already answers your question on control. As for it being called digital gold, that is just what a lot of people like to call it, because it is highly sought-after like gold, but it is intangible, hence digital gold.

Read up on some of the links that have been shared, you will learn all this basic stuffs in a heartbeat. If you are going to buy bitcoin, i think the first thing you should be concerned about is the wallet you'd use to store it, and for that you should choose open source wallets that are non-custodial, you should also learn the difference between hot and cold wallets.

Bitcoin is called digital gold because it has characteristics similar to gold. This is because its supply is limited (only 21 million coins will be available), making it similar in scarcity to gold. Bitcoin can also be used as a store of value, similar to gold which is often used as a safe-haven. Bitcoin is also completely untouched by the government's monetary policy of "inflation", this character is similar to gold which cannot be affected by monetary policy. Bitcoin runs on its own "decentralized" without any party being able to control it, gold is also like that, it cannot be controlled by a single entity.

You've already answered it here.

Depending on your investment plan, it is generally more profitable in the long run.

I will use the term "kill two birds with one stone", you can start investing while learning as long as you already know the basics of how to buy and store it safely.

It was harder to find it in the past but now with AIs, you can easily find it and searching with Google nowadays is more easily than in the past with an automatic search result from Gemini AI appears on top before you have to scroll down for other traditional search results.

Digital gold is only a saying with an attempt to compare Bitcoin and gold while they are different assets and belong to different classes from their existent modes, designs to their use cases. Bitcoin is digital, more flexible than gold, it is more secure than gold too and so many other advantages. Bitcoin is only younger than gold and will still need a lot of years to be accepted like gold now.

Because its a profitable and affordable digital currency and play the role of gold being of high value and profitability.


No one manage bitcoin, its decentralized, bitcoin is a digital currency, a volatile one to say, which its price is determined by its demand and supply as people are buying and selling.


If you are new to bitcoin, buy and hold for a long time, this is the best advise for newbies, while the experience ones can go into trading it on a short time.


Start learning first, then know when is the best time to invest and be able to hold for the next post halving.

As an asset that came into use after gold was considered the best asset to invest in, it was found that bitcoin has similar quality as gold and in addition to that quality, bitcoin is in  a digital form which makes it even better than gold since you do not need the bank to store it or have to cary it from one point to another. in the real sense, bitcoin is just bitcoin because it has it unique nature and does not need gold for it to be given it own defination.
To every reaction, there is always a cause and so, bitcoin does not just go up and on. Buys, sells, adoption, FOMO, regulations and a whole lot of other factors all contribute the to volatility of bitcoin. when you stay long enough on the forum, you will learn and have a better knowledge on these concepts in details.

there is no way you will be more profitable holding bitcoin for the short term than doing same for the long term. the only way that can happen is if you have the means of accumulating more withine the short term and withine same short term, become experiences a great degree of bull. if that is not the case then long term investment is more rewarding thna short term investment.

just learn, interact and invest while you are here. this is what the forum is all about. at least byrelating with people of like mind, you are certain that you can get the right information that will make you a better investor.

Bitcoin is for everyone in investment and trading but with investment, it's more easily to get profit if you can do simply things as follows: manage your finance to have investment capital that you afford to lose, use that investment capital for bitcoin accumulation, hold your bitcoin a long time, you will get profit.

With trading, like investment, it is for everyone too, but it's super difficult to get profit and most traders get losses. If you don't believe you belong to minority of traders, don't think you can trade profitable.

If you think of risk of losing money with trading, just don't trade.

I don't know why you decided to ask  most of these kinds of questions. As far as you have started learning about Bitcoin, these should be the first things you are supposed to have learned. Let's just say these are the basic knowledge of Bitcoin you are asking about. Maybe you have only learned the definition of Bitcoin. You should just calm down and learn more about Bitcoin. In fact, you can ask these kinds of questions on Google, and it will give you perfect answers.

You can only be profitable from Bitcoin if you hold it for a long period of time, at least 4 to 10 years. Within this 4 to 10-year period, you can experience one or two cycles of Bitcoin because Bitcoin halving always happens every four years. After each halving, we usually experience a bull run, a period when Bitcoin’s price pumps.if you want to profit from Bitcoin, you need to hold it for the long term. Short-term holding is more like trading, and trading involves high risk. Therefore, proper learning is necessary before someone can start trading and profit from it. As a newbie, you are not advised to start trading at an early stage.

As far as you have basic knowledge of Bitcoin, you can start investing gradually, as you have said, by making use of the DCA method like buying Bitcoin weekly or monthly, depending on your income or the amount of money you set for buying Bitcoin.With this DCA method, you will be able to get Bitcoin at different prices instead of buying it all at once.My advice for you is to only invest money that you can afford to lose. Also, try to have emergency funds in case any problem comes up in the near future, so you will not have to tamper with your Bitcoin investment.

Welcome to the crypto world. At first, one thing you should know is that the crypto space is very volatile and also risky, and for these reasons, we are told to only invest with funds we can afford to lose. As a crypto enthusiast, you should know this slogan: "not your keys, not your  coin." This says more about the way we entrust our assets to a third-party crypto exchange. One thing you should understand is that any coin not under your custody is not your own. What I mean is this: if you do not hold the keys to the wallet that holds your assets, you are not the owner of that asset, and that is what the CEXs are. They hold your assets and make you fulfill their requirements before you get access to your assets, which is not safe, and if anything happens to that CEX, your funds are all gone. So you have to be very careful and save your assets under your custody by using a wallet in which only you can easily access your assets whenever you want to.

Bitcoin bull run can start after a Bitcoin halving or before a Bitcoin halving. In Bitcoin history since 2009 so far, most market cycles and bull runs start after Bitcoin halvings but there is an exception, this market cycle and this bull run began before a Bitcoin halving in 2024. It is a first ever time in Bitcoin history, we witnessed Bitcoin began its bull run and made a new all time high before a Bitcoin halving.

It's what you missed and stated incorrectly in your post.

While this forum is actually named after bitcoin itself as a currency, so far here, i have seen several sections talking about other coins and wonder if one can only learn about just bitcoin but other coins of crypto, inclusively.
While it may also be hard to scroll back to old topics or post talking about bitcoin here, I would suggest the older more supportive members share some worthy links for newbies like me here so we can easily learn instead of figuring everything from scratch and may miss out on the real reason why this forum exist.

I also think this forum exist to talk about the applications of various terms, investment strategies and market scenario in the cryptocurrency market and surrounding the growth and acceptance of bitcoin as number one cryptocurrency in the world.

Basically, everyone was once a newbie or beginner in anything, including crypto. However, as time goes by, we must continue to learn and develop our knowledge and skills to advance to the next level, namely as experienced individuals. Therefore, as a beginner, you should learn the basics of crypto, and various related topics can be found here. Regarding your last question, ideally, you should learn first before investing, so you are educated on many things, such as the importance of learning various things about crypto (technical and non-technical), learning about finance, and various other things. However, I have learned about some people who initially invest before learning about crypto, or specifically Bitcoin. And I think that is okay, because it can motivate someone to learn more about what they are investing in, followed by learning about things directly or indirectly related to it. So, I think it is also good to invest while learning, as it might be a trigger for you.

It’s not a bad idea if you start buying a small portion of bitcoin now and hold it while you are still in the process of learning. It’s one way of making you more motivated and excited of what’s in store for you with bitcoin, so you will gain more passion and interest to learn more about bitcoin, within the forum, and even outside the forum.

My advice is, just don’t get too serious with it. Invest not mainly to make money, but to gain experience, that’s your first goal. Eventually, when you start improving and you are seeing growth with your bitcoin knowledge and involvement, that’s the time you will start maximizing investing in bitcoin, but still with caution and patience which are definitely a must.

The reason why Bitcoin is called digital gold is that people are very curious about Bitcoin nowadays. Just like gold, even though its price fluctuates, it has a stability, gold has maintained its stability for a long time. Bitcoin is also a means of maintaining value for many people nowadays. If you look closely, you can understand that the most interesting thing is that its number is limited, just like the gold reserves in the world are limited. That is why many people call it digital gold.

I would personally suggest you  just buy as much bitcoin as u can and store them on a Cold wallet and don't move them at all for more than 10 years
Learn how it works but never move u bitcoin  don't chase fast profits like Gambling or trading as u will lose your bitcoin
so just HODL make it like a challenge for 10 years

No, Bitcoin was called digital gold because it changed the narrative of money, asset, and investment through its decentralization, mining, and limited supply (it's consensus at large). This opens the doors to precious opportunities for everyone regardless of race, educational background, and more.

We all gold is mine because it can be find, the same thing applies to BTC, new BTC is generated through mining which is executed by miners while they also secure the network they are also generating new BTC.

About the price. Yes, BTC price fluctuates due to its volatility in nature, but it's the only crypto with the potential of not going to zero, and that's why BTC is prioritized on this forum.

It's too technical and too complex while Bitcoin is called as digital gold simply because of its existence. It's digital existence while gold has physical existence. I believe that their different existence modes are main reasons of the name calling for Bitcoin as Digital Gold.

Other technical things like decentralization, mining (Proof of Work), limited supply are not reasons for this "Digital Gold" name calling on Bitcoin. Those factors have good contributions for making up Bitcoin value, but not is "Digital Gold" famous calling around.

Between gold and Bitcoin, I think this book has many good insightful comparisons.
The bullish case for Bitcoin. (https://vijayboyapati.medium.com/the-bullish-case-for-bitcoin-6ecc8bdecc1)

Many people say that Bitcoin is digital gold because it has characteristics that are almost similar to gold. However, Bitcoin is not digital gold. Bitcoin is Bitcoin, and digital gold is digital gold. They are two different things.


It is not managed by anyone. Bitcoin is decentralized; no one controls Bitcoin. As for the price of Bitcoin, it is influenced by buyers and sellers. If there is higher demand, the price goes up, and if there are more sellers, the price will go down.


Long-term investments are more advisable to secure profits and minimize short-term risks. This is because, in the short term, Bitcoin prices tend to be volatile.. and with a long-term strategy, you don’t need to monitor the charts every day.


It depends on you, whether you want to learn first and convince yourself until you can invest, or you can invest while learning. The point is that you need to understand the risks and basic knowledge about Bitcoin investment first. Don't jump in without preparation, as you could end up selling at a loss when the market is not in your favor.

Bitcoin is sometimes referred to as digital gold, as -just like gold- it is limited and can preserve value throughout time. Which makes it limited; there are only ever going to be 21 million Bitcoins much like gold.

It is not controlled by any company or individual in terms of price It varies up and down depending on supply and demand, investor sentiment, news and world events. People cannot manage it fully, which makes it attractive.

Contrary to the popular opinion that claims that short-term trading is risky and long-term holding is profitable, both are risky and rewarding. Short-term trading is also possible, and it can be a profitable strategy in case you have a good idea of what is going on in the market and you are cautious.

Learning to make a living with Dad and Lefty is best as a first-timer. Do some research, follow reputable sources, and the dangers of investing real money are known before investing. As you become more comfortable, then it is possible to start small and test it out slowly, in the same manner, you are able to keep learning. Cryptocurrency Knowledge is the best form of protection.

Bitcoin is always referred to as digital gold because of the similarities;
*Scarcity
*Store of value
*Investment instrument
*Hedge against inflation

Yes it would be profitable for the long run.

You can do both,you being here isn't a wrong decision.

There is a more concrete characteristic why Bitcoin can sometimes be referred to as digital gold. Your reason is wrong, Bitcoin isn't called digital gold because of stability, to be clear Bitcoin isn't stable, its price fluctuates what we call price volatility.

Bitcoin is referred to as digital gold because of some alike characteristic like store of value and a good hedge over inflation.

Hi there, welcome to the forum! It’s great that you’ve started learning about Bitcoin and cryptocurrency. I’ll try to answer your questions as simply as possible:

Why is Bitcoin called “digital gold”?
Bitcoin is limited to 21 million coins, which makes it scarce, just like gold. People also see it as a store of value over the long term, meaning they believe holding Bitcoin can help protect their wealth against inflation or currency devaluation.

Does Bitcoin go up and down automatically, or is it controlled?
Bitcoin is not controlled by any company, government, or person. Its price moves based on supply and demand. When more people want to buy than sell, the price goes up. When more want to sell than buy, it goes down. It’s completely open and driven by the market.

Should you hold Bitcoin for a short time or long term?

Long-term (“HODL”): Many people buy Bitcoin and hold it for years, believing its value will increase as adoption grows.

Short-term trading: Some try to profit from small price movements, but this is risky and requires experience.
As a beginner, it’s usually safer to learn first before making big investments.

What should you do as a beginner?

Start by learning as much as possible: blockchain basics, how Bitcoin works, and how wallets work.

Explore this forum, ask questions, and read discussions.

If you decide to invest, start small — only invest what you can afford to lose.

Focus on security: use a trusted wallet, enable 2FA, and never share your private keys or seed phrase.

Final tip: Don’t rush. Knowledge first, investment second. The more you understand, the safer and smarter your decisions will be.

First of all, it is essential to learn. I'm still at the very beginning, trying to understand the matter. I did not understand what was happening or what I would do if I invested without knowing why. So, if I can do a little practical experiment along with learning gradually, the learning will be deeper and the risk will be less. In fact, this is how I started from the beginning.

Good that as novice you would be doing scripture research and learning about Bitcoin which is non central cryptocurrency that is digital. It has become customary to refer to bitcoin as digital gold, since it is also scarce and can be transferred anywhere. Nobody has control over its price. It fluctuates on basis of  number of people who wish to buy or sell it. Best beginner can do is to keep Bitcoin over long period of time as opposed to trying to buy and sell it as soon as possible as this can be quite hazardous. Best you can do right now is to keep learning about Bitcoin and how to secure it before you could invest any money on it. After coming to grips with it, then you may consider investing modest sum on it that you can afford to lose with.

Don't take this too seriously it just a name to praise Bitcoin, Bitcoin is not actually gold. It would be correct if you say Bitcoin is a digital currency.

Obviously you haven't done any tangible reading, may be you should start. But I will tell you this that Bitcoin is volatile and not managed by any Central body.

That's up to you because you know your target and if holding Bitcoin short term reaches your target then that is for you to decide but to actually give your portfolio time to grow then long term is great.

This is not a question that needs you to have experience in Bitcoin to answer. It is obviously a generally wise to learn about something first before investing.

I think that instinctively you will know what to do. But in my estimation, the rule of thumb is to start learning first. Just like a baby, you need to learn how to crawl forat and once you feel confident enough, you take your first steps. I think that the type of resources that you are exposed to will also play some role how fast you learn. Get the right resources. I'll share some with you below.

Here you go
If you are looking to learn more about bitcoin, I usually share mk4 compilation for those need to start from somewhere. It has helped me immensely and I hope it does so for you too. Here it is below.

Bitcoin price fluctuation is compulsory, firstly bitcoin price fluctuation has to do with the bearish and bullish period. The market being unstable has nothing to do with a company or an individual, bitcoin can’t be controlled by an individual meaning you can own bitcoin freely without a second party dictating how to hold and spend. Bitcoin price increasing can be as a result of an event, although the price cannot be manipulated by an individual.

Generally bitcoin investment is a long term investment, if anyone should stay in the crypto space for a day they’ll definitely find the word “long term planning” associated with the word investment, long term planning is advisable for all investors so they don’t end with regret.

Yes, Bitcoin is not been controlled by either government or any authority, that is why it is completely different from other cryptocurrencies and other investments outside crypto because most of these investments like gold outside crypto do involve third party, and one can get fake gold or anything fake, but nothing like fake Bitcoin.

However, all these questions you asked are something I believe has been answered by many of the forum members, you can learn from their response because they are all right.
Furthermore, you can learn more on your own in this book (http://learnmeabitcoin.com), it is well explanatory and you will get all the basica you will need to know about Bitcoin and cryptocurrency in general.

Because they consider gold to be the most valuable asset, as bitcoin comes to light, some try to compare both and refer to bitcoin as digital gold even when it's not supposed to be so.


No one controls the price of Bitcoin; it's done by demand, although right now some entities have the holding power to manipulate the market to some extent before it can start picking up on its own.


Long-time holders are the ones who enjoy the most profit, and the longer you hold, the higher the price of Bitcoin can go, and how long you can hold is based on how determined you are as well.

Learn the basis. If you know the basis, you can invest the little you want to start with, and then as time goes on, you can expand your knowledge in the area you want on Bitcoin. Bitcoin is very broad; you can't know everything about it in one day, including the technical aspects of it.

And I hope you can make time to read through all the honest comments from members above, and more to come.

This is the two questions that got my attention the most nd I wat to attempt them to the best of my knowledge all the times I have had dealings with Bitcoin.  The value that is attached to Bitcoin is the main reason it is been referred to as the digital Gold because that is the asset you can liken to Bitcoin outside the digital space.

Bitcoin does not automatically go up and down technically, but it does if you are looking at it on the surface. If you understand the economic of demands and supply then you will have the best insight as to the reasons for the upwards and downwards movement of Bitcoin, you may aswell understand the dynamics through that and know that it is not actually just going up and down automatically, it is responding to real life situations independently because it was actually created for human use.

The beauty about bitcoin is that it can make transaction from every part of the world provided you have an internet connection and you can also make very large amount of transactions without anyone knowing who you actually are. And it is considered digital gold because gold is a valuable asset however they called it that because bitcoin with just few years of existing compared to gold has grown rellay fast in value while it still has the transaction features like gold. Gold is actually a currency and also an asset which stores value and bitcoin also is.

The price of bitcoin isn't controlled by any single individual or company, if that was the case I believe  the government  by now would have had their hands on the project controlling it like their pet. But that's what makes it even interesting, though there are several  fact that can affect the worth of bitcoin include world news positive or negative and also the amount of orders that get into the market be ut buy or sell.

I don't know why I feel strange about the points you raised. Even a newbie wouldn't ask such a question in their first thread. It seems like a forced question from someone who actually knows a lot but is pretending to be a new user.
After looking at your posting history, I'm sure you are not a newbie. Stop pretending and be yourself.

It has been more than 73 hours since OP created this thread but up till now he haven't responded to anyone, which means he's not following up the thread.
Many newbies that comes to the forum nowadays dint follow their threads, they create threads and forget about it, but later some of them still for back to create another one and ask the same thing.

No company or anyone is increasing bitcoin price, bitcoin price is always going high when the demand is high, so the higher the demand, the higher the price goes. If bitcoin price is dumped and pumped by company or group of people, then am sure nobody will be investing in bitcoin, because it’s just going to be like it’s a group of people thats playing with our money.

If you are planning to buy and hold bitcoin, then your intention is to be for long term, holding bitcoin for a short period of time might not really be profitable, and the risk is just kind of high compare to if you are holding bitcoin for a long term. If anyone is investing in bitcoin, then I do always recommend they hold bitcoin for long term for maximum profit.

If you really want to understand what you learning, then always put anything you have learned into practice to be sure that you already understand it. If you are learning here, then you can just decide to invest along with learning, I think that’s going to be better, and it’s going to make learning easier.

I never said that, i know nothing. I am just new to this site. it is my first time here. I always try to learn and that’s why i have been following this thread closely, reading everyone’s opinions and experiences. But that doesn’t mean you need to answer every single question i ask. I truly respect everyone’s views because they don’t just help me they also help other newcomers who are reading and learning along the way.

You can ask anything you, it's surely possible as forum respects freedom but to maximize your learning progress, searching and learning by yourself is better. You can search proactively and learn very effectively with powerful search engines and AIs nowadays.

Search, learn, search and learn, repeat this cycle until anytime you feel like you reach your limit of self-learning and have some doubtful big questions to ask for help. Then you can bring those questions here, and there are many knowledgeable members in the forum who can help you.

Let me emphasize that with very basic questions, you don't need to ask here - surely you can - as you can find answers through searching.

Because its scarce, like gold... the maximum that can exist is 21 million units, and no one can change that without mobilizing practically the entire Bitcoin community... unlike fiat money (issued by governments), which can be printed without limit, generating inflation.

No company or government controls its value... it depends solely on market supply and demand... the more people buy, the more it rises, and if too many people sell, then it falls... its market is 100% open and therefore volatile.

Certainly in the long run... to this day, those who held Bitcoin for years have had much better financial results than those who risked discovering the "low" and "high" and sold quickly.

Learn about wallets, how to protect your private keys, don't leave them on exchanges or online services... Start small with modest contributions, learn more and contribute more gradually... Read about halving, blockchain, and how to avoid scams... Be patient, because Bitcoin requires knowledge and discipline... Haste is synonymous with loss in this world.

And always keep in mind that Bitcoin won't make you rich overnight.

Bitcoin is like a gold that time past by the value of it becomes valuable but the difference is the phase of the price in gold its took time but in bitcoin tooks just a cycle. Every large company, organization or even a small investor has an impact with the total market movement because theres a demand of it reason it has a fast phase movement of the price now the larger price of buy and sell the higher it impact on the total supply accumulated.


It depends on your risk management or appetite, not all people are succesfuly trades their bitcoin and hold for a long time because of too much happenings other sells due to panic, others satisfied to their profit reason to sell and other keep holding for a really long term. Now if your goal is to flip of course make a short term if your goal is took how many cycles you can make a DCA as you can.