Post
Topic
Board Economics
Re: Is gold better than Bitcoin?
by
actmyname
on 01/05/2016, 23:03:02 UTC
A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you

do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think

that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about

60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....  Wink
i think bitcoin is better than gold because bitcoin price is increasing and bitcoin is safe than gold .
... Why is bitcoin safer than gold, exactly? It's extremely volatile. Way more than gold. From an objective standpoint, gold seems much safer than bitcoin is. If it's so safe, why not invest all your money into bitcoin? Since it's increasing, you will only profit off it, right?


Right?


No. There's doubt, and you are scared of losing money.