Post
Topic
Board Economics
Re: Bitcoin or Gold? What would you pick?
by
Dick Valentine
on 18/08/2015, 08:38:50 UTC
of course I chose gold, gold prices will always increase

yeah sure, you must have missed when gold was at 1900+ and has suffered a big dump that brought the mineral to almost 50% loss in value

sry but i always look at the all time chart and not at yesterday or tomorrow value...gold is doing really bad by this point of view

What about Bitcoin $1242 down to $256 now, doing a lot worse than gold - about an 80% loss

Gold is on the verge of a new bull run, just wait and see Wink

Gold doesn't have much potential for a decent profit though. bitcoin might be down but In the long run the potential for gains is still huge. I think the price in 2-5 years could be in the thousands, though only time will tell. I guess it depends how much it gets adopted by the mainstream or certain industries.