Post
Topic
Board Economics
Re: Bitcoin or gold?
by
Mario274
on 26/03/2017, 17:37:25 UTC
It is also risky to store your big amount of bitcoin in one place, it is hard as storing a lot of gold. Hackers and scammers may find way to steal it. Gold is the best for long term investment as we can see on the price chart, its value is increasing as year goes by.

Right. To keep everything in one place is too risky. I'm already afraid to even go to some unknown site once again so that scammers can not steal my passwords. In this, gold takes advantage.

Well if you think in the prospect of Gold and Dollar, then one thing is for sure none of them is 100% safe. Bitcoin can be stolen online while Gold can be stolen physically. So for me bitcoin is more safe, if we have many different wallets.

Yet if the gold is in ingots and a safe place, then the risk of theft is minimal. Bitcoin is more susceptible to fraudulent operations and theft.