Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Will Replace Gold! Here's Why...
by
kryptqnick
on 06/09/2019, 21:47:13 UTC
Gold is not just a store of value, some also consider it an investment opportunity. I'll explain how I find these two different. A store of value is something you can have something valuable in and then expect it to be more or less of the same value after some time passes. When investing money, however, you don't expect to have the same amount in the future, you want to have more, to make a profit. And I think that gold is a great store of value because it's fairly stable and low-risk. Bitcoin, on the other hand, seems like a way better investment, but it involves higher risks. So my point is that if you have $15k, and you want to save this money for your future adult children, gold might be a good option. If you want $15k, and you are willing to risk for the chance of having $150k in the future, then Bitcoin seems more suitable.