Post
Topic
Board Economics
Re: Bitcoin or gold?
by
BitHodler
on 14/11/2016, 11:46:17 UTC
I guess I should hold a little bit of both. It is the best option for the future. If in anycase bitcoin goes wrong, you still have your gold

That is true mate.. if you have both bitcoin and gold then it is better for your future.. because you still have a backup if anyone of them will go wrong in the future.
You can't rely on the thought of when one of the two options for whatever will not be rewarding, that you still have the other option.

What if both perform bad in a certain period of time? And let that exactly be after you have taken positions in both Bitcoin and Gold? It's all about timing when it comes to making an investment.

Take this year as an example. If you bought in January at around $400 and sold nearly at the peak of $780 in June, then you have done a fantastic job.

But if you have taken your positions at the +$750 levels in June, you would have seen the price tank to sub $550 some days later. Again, timing is your best friend.