Post
Topic
Board Economics
Re: Bitcoin or gold?
by
randal9
on 24/12/2017, 17:17:44 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.
Bitcoin of course,you can access it easier and safer to store it.No wonder it is called digital gold.So I'm for it!
But still I am in favor of bitcoin I know today all people who have been in gold investment will not love bitcoin but it is not good to travel straight always they are having time and they should try everything in life. If right now they will buy bitcoin it will make increase in price and will give huge profit but it is not beneficial to lose your money by selling bitcoin at low price and dropping your profit scale.
If you invest your all money in bitcoin it will very beneficial for you because bitcoin's price going to very high and if you hold your money in bitcoin for long time as five or ten year your profit will more double, but if you invest your all money in gold so maybe it will beneficial for you because gold's price is not going to high as like bitcoin, so bitcoin is better choice for you to invest your money.
I can't argue...it's pretty obvious that if you invest in bitcoin you will have more money after a while than if you invest in gold...although we certainly can't know what will happen with bitcoin for such a long time...so someone can choose gold, it definitely won't be much cheaper