Post
Topic
Board Economics
Re: Bitcoin or Gold? What would you pick?
by
saiha
on 23/10/2016, 21:54:16 UTC
i am interested in both, if i like to keep safe my assets then i will surely pick gold, but if i want to invest my assets for making money then i will certainly pick up bitcoin.

Me too I'm interested to invest both because has always been there for a lot of years already so that this is going to be a trusted investment.

And the price of gold is keep on increasing in the long run so if you are going to hold this then for sure you are going to earn good profit.

The same thing with bitcoin so they are the same.
Since both are money they share some of the same qualities, the greatest point in favor of gold is that it has been around for thousands of years while bitcoin is still very new.
possible length of life of the investment will also influence the level of trust, maybe people will have more confidence to gold because they think gold is more secure because there are already thousands of years ago, while bitcoin still 7 this year, but I think it can not be the benchmark to give you an advantage, although being new but bitcoin more profitable than gold IMO
Even if Bitcoin is profitable, gold will remain the precious metal gold and that will dictate the terms of the human or financial condition of the country, instead of bitcoin.

Gold will always be gold and that is not going to change, people knows gold that it is the supreme metal of all time and people are relying into it.

So no argument with that, but since we are in digital world. We can just consider that bitcoin is the gold of the new millennium.

Even though I already knew about that with gold, I will still choose to have bitcoin for this is easier to get profit rather than with gold.