Post
Topic
Board Economics
Re: Bitcoin or gold?
by
richardsNY
on 27/11/2016, 18:08:33 UTC
We are living in a time where everything is going in digital and because of this I prefer more bitcoin rather than gold.
Even though the risk is much higher in bitcoin rather than in gold because bitcoin is newer in the market.
Surely we are in the path to mass adoption of Bitcoin, but there are many factors in scene. Bitcoin needs to find a definitive solution for scaling, there are several possibilities, but due to diverse opinions regarding the path to be taken, the future is uncertain. For this reason I think that diversification, by investing in both assets, can help the investor to stay on a safer ground.
Diversification will help you in reducing your risk but most successful persons took risks so personally I prefer to take my chances with bitcoin, I'm not going to put all my money in bitcoin or anything like that but I will put a bigger weight behind it.

Diversifying isn't always working as you might think. Mainly because some people tend to exaggerate with the number of different investment options. I think if you just stick to Bitcoin and a small percentage of Gold, that it will be more than enough. No need to have investments in stocks, Bitcoin, Gold, properties and you name it. Best is to focus only on 1 and at most 2 investments at the same time. Your attention is exactly there where it must be.