I'm really proud to be a part of this discussion, I think bitcoin can be both, it depends on which name would you use for it, for me, it is digital gold. yesterday I came to know that the rate of bitcoin is greater than gold, I would love to call it as a digital gold.

I agree with you that bitcoin is both a digital gold and a digital cash. It is a digital gold since it is considered to be a commodity and can be traded and purchased. It is a digital cash since it has the power to purchase things and can be accepted as a form of payment in exchange for goods and services. But in the end it will depend on the user since there is no official and definite description of bitcoin.

Oil and gold can give you a chance to live in luxury, does that mean that oil and gold are digital cash too? Bitcoin is an asset that can help you earn some cash or whatever you want.

"Asset, something valuable that an entity owns, benefits from, or has use of, in generating income.

Bitcoin is an investment while the price is rising, but when the price stabilizes it will simply remain the currency for the Internet.

Bitcoin is considered as digital gold by some because of its characteristics and I'm sure that bitcoin is not digital cash as we know it. Digital cash will be something that's like our bank balance, the balance on Paypal, Skrill, PerfectMoney, etc. Bitcoin can be mined, just like gold. And just like gold, bitcoin is used for its uses (if that makes sense). People give value to bitcoins because of the things that we can do with it.

Just like gold, bitcoin still has a small value right now and it will increase as more people find it valuable. But bitcoin can also act as a digital cash. Bitcoin acts like digital cash whenever we use bitcoin to pay directly for the commodities that we avail.

For some it is digital gold, while some people consider it as a a digital cash. Some people use it as a form of storage and investment due to its price instability. Once the price gets extremely stable (which i doubt), many people will just consider it as a form of digital cash and a way to store their assets.

I think that bitcoin is more suited to the concept of digital gold!
With the development of crypto-currency, governments of different countries will begin issuing their own crypto-currencies. It is natural! Any government will pursue its own interests and will be interested in having control over the currency! But the only thing will remain the same! All these currencies can be converted into bitcoin! As now, in any country you can buy gold for the national currency! 

I do not agree if bitcoin is always associated with perfection of digital gold, because bitcoin can stand alone as a digital currency, gold is only a commodity asset, and that's it. Bitcoin is able to create its own market and exchange assets directly with fiat. Gold has nothing to do with it.

Bitcoin is a payment system the original purpose also same if people who is taking as store of value they will suffer for sure for breaking the original cause.

in fact it a digital cash that we have to use for online shopping and online business etc. but currently as people are using it as investment and for trading purposes therefore if we call it as digital gold it may not be wrong. in fact most of the people still cannot use bitcoin as currency and therefore they are changing it into fiat if they need it and want to use it, bu still to me as we are already using bitcoin for online purposes and hope that very soon we will become able to use in local shops also, as they still need to convince about the acceptance of bitcoin.