Post
Topic
Board Trading Discussion
Re: Is Holding Bitcoin a long time good way to make money?
by
richardsNY
on 15/10/2016, 20:35:32 UTC
don't same bitcoin in investment another platform gold or house
is gold is good investment is long time over 10 year
bitcoin is very bad is investment over 10 year

well, take a look at the 10 year gold charts. gold has gone up 112.5% in a matter of 10 years. it doesn't mean it will happen again of course, but investing in gold for 10 years and getting a return of just over 110% is not really promising. if bitcoin lives up to all its realistic expectations, then you'll be rewarded with a huge return. it will be beyond what gold will offer you.

It may look like Gold has not being very profitable in that 10 year period, but even this +100% increase has been more than welcome for people. Mainly because of the fact that Gold is a store of value tool. The most important thing with Gold is; did it do it's job well in these 10 years as store of value? Answer is yes!