Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Not Ripe To Replace Gold: Analyst Kristoffer Inton
by
InvestICO2L
on 09/11/2018, 01:46:49 UTC
Remember that bitcoin is a very high risk investment. It's like you'll never know if you still have the original amount from couple of days ago or so. And if you invested your entire life savings, you can't sleep very well in that case. While if you have the gold, you're not that scared to lose it the next day. You are still confident that you have your gold investments. But, it's up to an individual where he wants to risk his money. It's his own money anyway.

These two items are basically different from its structure as well as some functions. As we all know that gold have been existing for a very long time, it has a big talk in various parts of the world, and especially it is tangile and is recognized officially around the world. When it comes to bitcoin, it’s considered as a currency but it’s not completely accepted officially, and particularly almost countries has imposed a ban on it. No one can deny that bitcoin or digital currency develop quickly and can bring us big potential in the future. But with the current running, Gold is much appreciate than bitcoin about the fixed benefit, I mean bitcoin can’t replace gold.