Hi guys, I've been in the world of bitcoin and cryptocurrencies for some time, some relatives and friends ask me to buy gold or bitcoin to save, and I answer:
1. If you want to be safe without worrying about buying gold, because its price is very stable, at 1200 dollars an ounce.
2. If you want to invest in bitcoin I invite you to investigate what technology is about, I tell you that it is a new technology that will revolutionize the world, it is decentralized, distributed, without control of any kind of government, its quantity is limited. that allows it to be deflamatory, with the passage of time it takes more value, but it is your RESPONSIBILITY if you make the investment in bitcoin, I only tell you the advantages but it is up to you to investigate the subject.
WHAT WOULD YOU RESPOND?
I would be responding them along this line. If they really want something that is truly time-tested and stable, they would choose gold over Bitcoin. At least, with gold, they will not worry that they will suddenly wake up one day looking at its price plunging to zero. That is not possible with gold. Since the A.D. years, gold is always valuable. But Bitcoin is a new innovation that is not actually based on some hard assets. However, with this risk comes the fact that it is growing so fast, leaving the gold's value growth far behind. But it is their choice to do so.