Post
Topic
Board Economics
Re: Bitcoin or gold?
by
upsidedown75
on 21/04/2017, 17:05:56 UTC
In my current state, I would have to choose gold. That is purely because I don't have much Bitcoin and gold is very stable. My answer may change in the future.

If there are not enough funds, it is better to keep them in gold, because it will never depreciate. Bitcoin seems to me only suitable for quick profits.
Why do you not want to buy a bitcoin for a partially with your amount. remember you can buy a little ercentage of bitcoin with your funds. Buy bitcoin is not get limited caused by your fund.

And I think that on the contrary. If you have little money, it's best to take a chance and buy bitcoin. Thanks to bitcoin, you can increase your money. Gold will not give such a high income as bitcoin.

It's true, bitcoin is much more profitable than gold as the price changes every day, gold is more stable and harder to make profit on short run, gold is good only if you want to conserve your money, for who doesn't have money to invest and is starting from zero gold isn't adviced.
Buy bitcoins and you will grow your bankroll step by step, watch the pumps and dumps.
I like this because if you have not enough funds then you can take chance in Bitcoin because its pumps and dumps can give you good profit but you have to keep eye on all moments for this otherwise you can lost this also very quickly Gold is not going like bitcoins because its stable for long time
That is the thing about bitcoin, if you really want to make a good profit out of it you have to constantly keep any eye on the price and on the market value so you would always stay updated on how your savings are going, but with gold you just put money on it and wait for ages until you can make something of it, but of course the bigger and the faster you want the profit the bigger the risk will be.