Ninjastic
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Board Trading Discussion
Re: Is Holding Bitcoin a long time good way to make money?
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on 16/10/2016, 21:41:25 UTC
Quote from: Ultrasound on October 15, 2016, 04:18:03 PM
Quote from: randy8777 on October 15, 2016, 03:26:10 PM
Quote from: andyste on October 15, 2016, 12:10:33 AM
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.

From the past performance, it seems that the bitcoin is much better than the gold. The bitcoin will grow even faster.

Bitcoin is indeed much more rewarding than Gold, but the risks are also much greater. In order to benefit from the volatile nature of Bitcoin, you have to understand what the risks are, and know how to read the market in order to benefit to the most from whatever state the market is in at that time.