Post
Topic
Board Economics
Re: Bitcoin or gold?
by
phreaky
on 28/02/2016, 18:58:31 UTC
Gold is an asset which must be held for at least 10 or 20 years.
Yes but this is something for your kids..
You can buy them investment gold on day they are born, better than saving money for their school.
This is right approach.
If you want investment with great return, chose BTC.
Essentially, you can use gold to invest in a long time, because gold is always valuable, but if you want to try to do business, then bitcoin is better than gold, because it is so much choice in doubling the bitcoin. I prefer bitcoin than gold today

sure gold always valuable..? can you explain about supply of gold ?
we must invest at bitcoin where bitcoin have block halving system to control bitcoin supply
yeah, you only can get gold from mining underground.
and the gold supply isn't unlimited like bitcoin, so that's why the gold will be a good choice to invest long time

Yes investing in gold is a very good idea for long term but investing in bitcoin is worth risk taking if everything goes well you can earn a lot in bitcoin

Well both are quite risky. Remember OIL? Nobody expected it go this low ever.
And look now. The financial world just kicked it out, like it was nothing. The same applies for bitcoin and gold.