We need to understand a thing. Precious metals as well as cryptocurrencies have their own advantages.
If you want a long term conservative investment, then precious metals are at your disposal.
If you want to ride the price movements and to be protective at the same moment.
Then Hedge.
Total availability of gold : Total availability of bitcoins
Find out the ratio and form a discipline. Invest in either when cheaper and also set a stop loss.
You are good to go. Don't be more greedy. Always get out of expensive assets as soon as they reach the reasonable highs and move your money to cheaper ones.
Agree with other points but with the moving with the cheaper ones that gets it risky. The cheaper the faster they vanish at the crypto world.
I remember trading at Yobit and buy cheap ones and then just a day they turn zero.
I would rather stay with the expensive ones like gold. It will a better output after more years to come.
Bitcoin is good for now and as long as there are people who could be invited into investing in it, then I think the price might get more higher.