Post
Topic
Board Economics
Re: Bitcoin or gold?
by
Bestwishes745
on 31/07/2017, 23:29:55 UTC
obviously gold would be the safe bet and bitcoin the risky. With gold having had thousands of years of maintained value and bitcoin being a few years old and extremely volatile.

in 1971 gold was $35 an ounce. it went up to over $800 in the early 80's then crashed to around $250. a few years ago it almost hit $2000. it then dropped into the $1,100 range. now what was it you were saying about volatility?

Well said, it's really hard to say which to keep. But, just to be on the safe side I'll keep both if ever. The reason is simple, gold has a secured value even if you'll keep it for a long time. On the other hand, bitcoin has risks. We don't know what will happen in 10 years, though bitcoin has been doing great for the last 5 years, it's value is unpredictable in the long run. But, I still think it's worth taking the risk. It's either you'll hold something worthless or something worth  thousands of dollars after 10 years.
to me I have fully trust on both bitcoin as well as on gold. but stil I will like to select bitcoin because from bitcoin I have more chances to make more money.
That’s a sagacious suggestion though. We all know that bitcoins are fastest way of earning now a days and making your dreams come true but is accompanied by risks as well. Little investment in gold would serve as nice back up for trading in bitcoins.
But for faster profit I will suggest for only bitcoin no matter how much is risk.