I don't want to open up another gold vs bitcoin thread. I'm just curious because I read an article that discussed whether we should be preparing ourselves for an upcoming recession by buying bitcoin or gold:
https://cryptotradernews.com/cryptocurrency/preparing-for-a-recession-bitcoin-or-gold/Thoughts?
I think the next recession won't be as big as the 2008 one (which, to me was a depression). Hence I'll stick with Bitcoin for now.
The vast majority of people think that gold is the best asset, I used to think so but if fact it is not completely true. Like any assets gold may be either in an upward trend or ,obviously, in a downward trend. Gold was hold in the channel between 1200-1400 the several last years and after the pressure was released gold began going up until approximately 1600. Right now gold is shaking around 1500 and unfortunately I have no idea where it is gonna go further but at least I say and admit it honestly instead of pretending a guru who knows everything. By far gold have always been an excellent asset in which investors putted their money to protect own capitals. Nowadays people imply that the situation with gold have not been changed and gold is still a safe haven but I am not sure that it is the truth.
The current situation with bitcoin is else more complicated. I am not awaiting that bitcoin will be tumbled in 2020 (at least sufficiently) so I have invested a small amount in bitcoin and if it begins growing I will begin increasing my open position.