Post
Topic
Board Bitcoin Discussion
Re: Preparing for a recession... Gold or Bitcoin?
by
South Park
on 27/11/2019, 21:33:53 UTC
This is a prediction. Gold has a long history and is a safe asset. Bitcoin appeared after the recession so there was no experience of overcoming the recession. I will spend 70% of my wealth on Gold and 30% on Bitcoin.

Everyone has their own take on what or where they want to invest their wealth. But for some people who want an assurance of their investments, they will go for gold but for those risk takers, they may give higher percentage on bitcoin. But at the end of the day, we make our own decisions because it is our money anyway. Just trust yourself because no one is to blame but you for whatever consequences it may be.

Bitcoin was created after the 2008 recession because its purposely made to survive because gold can't. If all fails including the fiat, you can't imagine yourself carrying a bag of gold when you travel from city to city. You'd be robbed the moment someone sees you buy something in exchange of a piece of gold you have. Put all your wealth on crypto because that's where the future is going.
Most people never think about this because they never believe it will happen but moving your gold is always risky since you cannot move large quantities without bringing huge attention to yourself, but bitcoin is different, you can have all your bitcoin with you and no one will ever know unless you tell them what you are doing, and since bitcoin is digital you can store it anywhere you want, like your computer, smart phone, an USB, a hardware wallet, a paper wallet or even your own mind.