Post
Topic
Board Bitcoin Discussion
Re: Bitcoin moves like Gold?
by
jtraverso
on 26/01/2020, 16:17:04 UTC
gold price is not like bitcoin, but i think it because asset. when something happen asset will take effect, it doesnt mean that trump speech will give effect on bitcoin price, maybe it just accidental
indeed gold and bitcoin have very clear differences and price movements should be very different if there are similarities it might not be intentional, but I feel the condition of the world economy is also a very strong influence.

You can take advantage of price movements to be able to make a profit.

Gold is used a lot of people compared to bitcoin but now the difference is only slightly not in terms of price but from its benefits, many believe that gold is very stable and in the long run gold can only enjoy profits.
But unlike bitcoin, it depends on the market going up and down so there are many who avoid investing in bitcoin, there is also a switch from gold to bitcoin.

If we consider Bitcoin and gold as a flexible asset, Bitcoin can bring more profits faster than gold. If we talk about maintaining value for the long term, I would prefer gold