Post
Topic
Board Bitcoin Discussion
Re: Which investment is a safe haven Gold or Bitcoin?
by
FlightyPouch
on 01/05/2020, 14:00:07 UTC
In terms of being safe, I would go 100% with Gold since there are a lot of times that it is proven how good it is as an investment. Bitcoin is good too but not that safe since we all know how volatile it is in the short run though we should also consider the profits bitcoin gave in the long run. Even though it is volatile, in the long run, people got a lot of profit from it.
I can't argue this to other people since it always depends on their own choices because both have their pros and cons. I actually like gold to be as a safe haven but just like I said they both have pros and cons that's why I am more into Bitcoin than gold. The usefulness of both are depending on the situation just like these days when we have pandemic cryptocurrency is quite useful for sending money to anyone anytime.

But are those people really using bitcoin? Are we all using crypto currency during this pandemic to avoid the contamination of this virus? I don't know about your countries but in ours, people aren't. As the government gives in aids(fiats) to their citizens because of the pandemic, the more they use fiat since it is also the fastest way for them to buy their needs in this pandemic.