The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.
Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.
Which factors of bitcoin instill this validity of investment?
Watch VideoBitcoin is an investment, a stock and yes, it makes good money but for me the definition of sound is stable and that is an adjective that is very hard to identify with Bitcoin due to its volatility. However, I can honestly say that if you are a good trader or even working very hard on how you trade and buy and sell your stockes then I think that bitcoin is good money for you and me and for everyone else