Post
Topic
Board Economics
Re: Bitcoin or gold?
by
danherbias07
on 05/02/2017, 15:58:01 UTC
I never put all my assets in a single investment vehicle. This is a very risky situation for investment. Instead, I used different investment tools to minimize potential losses.

It makes more sense to buy gold with 50% of the money and take the bitcoin with the remaining 50%.

Same thinking here, I invested in both. Hard to admit, but if I invested in bitcoin when I did in silver/gold, now I would be siting on a beach with cocktail in my hand. Then I didnt even hear about bitcoin, and didnt make any money out of that gold investment. In next 2-5 years I hope I'll be able to make a decent profit out of it. Same with bitcoin, now all my extra income goes in it.
Gold is not very profitable because the price increases slowly every year. Bitcoin is different because the prices can change significantly in a short time. If you want to be rich or have some extra money to do something, invest in bitcoin and other cryptocurrency will be the smartest way. Holding Bitcoin in you will success in the future

Yes. Because gold doesn't work the same way gold is.  Bitcoin is young and many investors are really monitoring it to how it is growing. With that, they can somehow push other people to try bitcoin also. Again, it is still young and got very low stocks to buy it so just some guys with the opportunity to buy could push it again to a higher price. Demands can really do something with the value of bitcoin.