Post
Topic
Board Economics
Re: Bitcoin or gold?
by
CrownPolly
on 01/07/2017, 19:53:55 UTC
If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.

gold  because it is tested and proven that through the years its value goes up.And for the security of my wealth to be conveted i go for gold.

Today, gold is reliable, but tomorrow it can depreciate. The same can happen with bitcoin. There is no guarantee that your assets will be saved in ten years, if they are stored in gold or bitcoin. It is necessary to constantly analyze the situation in the market and invest in different assets

I would vote for bitcoin, it is not that I don’t like gold but because bitcoin is much easier to have than gold. To be honest, I would really prefer bitcoin because I could earn it by joining signature campaigns and ICOs while earning gold seems too much for me. For me, I could just possess gold if ever my ancestors gave me or my family but I came from a normal family, a family without gold and a family that works hard to earn money.

Bitcoin’s price maybe is volatile and its increased in the future is not guaranteed but I would prefer bitcoin over gold because it is much easier to reached and earned.


I can see your logic. It is true that BTC can be easier to obtain than gold because you can go to the faucets and earn a few pennies worth a day and get paid whatever you get for your signature campaigns. There is really nothing like that for gold. But you can buy gold with BTC just to diversify your investments.
This is good for the diversification of your investment to buy gold or a real estate which you think has the potential to give you smart income.

I am personally interested in the cryptocurrency so, I have invested in 7 different altcoins which I think are more profitable than the gold or the real estate but this investment is definitely riskier than the other hardcore investments. Beside my investments I am earning from the signature campaign.
Really light to look at the graph of the growth and fall of Bitcoin themselves, then we will see a very unstable trend on the Exchange Crypto-Currency. The fact is that in this regard, the name is much simpler and even more reliable. Therefore, I do not see any negative consequences even investing in gold. Although Bitcoin is by far a very good way to earn money.