Post
Topic
Board Speculation
Re: When do goldbugs give up?
by
MinerHQ
on 19/08/2018, 00:08:41 UTC
Gold always was and always will be the ultimate store of wealth, you just have to ignore short term price noise. 

well said. the point here is about value storage. gold may not rise nearly as much as bitcoin over time (though the 2001-2011 run was pretty magnificent). but there are other considerations. gold has a history of thousands of years; bitcoin, less than 10. that's a huge difference in risk profile.

that's why it makes sense for wealthy people to dump only a small amount into bitcoin. they need to hedge wisely, not strike it rich.

It not only just 10 years history but bitcoin has proven until now that it can be pumped like anyone can't be imagined and after that, it can come back to its original value within no time. This makes many investors think hard to invest in bitcoin. But I do agree that one should invest their small percentage of money into bitcoin and it may do wonders in near future. Diversifying funds always a good in investment.