Post
Topic
Board Economics
Re: Bitcoin or gold?
by
ethereumhunter
on 07/01/2017, 13:20:34 UTC
Gold is at from stable. There is plenty of volatility in gold prices. Compared to Bitcoin it may look more stable, but any gold chart of sufficient length will give you enough data to see that gold suffers from volatility in the short run.

At least when compared to Bitcoin, gold is far more stable. One of the reasons is that the market cap of gold is between $5 and $6 trillion, while that of Bitcoin is less than $15 billion. So for a 1% change in the gold price, there must be at least $50 billion worth of market cap change.

this is why people will choose gold as the best investment, but for me, as i can not buy gold for now, i will choose bitcoin rather than gold because we can easily to earn bitcoin from many ways. and i think if in someday i have much of money, i will buy gold too like what people do. i think its a good thing if we have bitcoin and gold at the same time as we can have two type of investment for long term.