Post
Topic
Board Economics
Re: btc value and currency inflations
by
CryptopreneurBrainboss
on 28/10/2020, 09:07:51 UTC
If all the fiat currency, devalued or goes deeper, we cant guarantee that bitcoin will go up because people are panicking and traders as well. It wont happen overnight and It is being predicted by the economist all you have to do is to keep yourself updated. Convert to gold as much as possible because there is no certainty in bitcoin and it’s very volatile and unpredictable, but if you’re a risk taker keep going.

There's more certainty in bitcoin than gold though, bitcoin is the investment for the 21 century while gold was for previous centuries, the recovery rate of bitcoin can't be compared to that of gold as it's way above its reach. Assuming both asset were to fall, in the short term due to the devaluation of the US dollars, as a result of uncertainty in the market caused by fud and panic like we experience during the heat of covid-19 in March. The recovery rate if bitcoin would be faster just as we're currently experiencing abive the gold.

Why then will you choice gold over bitcoin? Sounds so unreasonable especially as you must have been enlightening on the advantage of bitcoin over gold. The digitalize of bitcoin, it's finite supply and decentralized nature, just to mention a few is enough reason to consider it a more favorable investment option.