Post
Topic
Board Economics
Re: btc value and currency inflations
by
ultrloa
on 28/10/2020, 21:37:08 UTC
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

There are many reasons why people may prefer gold over Bitcoin

Bitcoin largely remains a speculative asset while gold is a genuine store of value, although some consider Bitcoin a store of value too. Physical gold is better as a store of value partly because it doesn't rely on anything other than physical laws which are unlikely to change in the foreseeable future and turn your precious gold into useless lead. Bitcoin, along with its cryptocurrency brethren, on the other hand, is much more vulnerable in this regard, and anyone who is seriously going to challenge that point should first check their sanity and intelligence scores

Because it's a traditional investment where it gets more positive feedback since people will always think that it's valuable thing compare to bitcoin and we cannot really blame them to tell about that since Bitcoin got high volatility which we cannot trust to keep for long term since  the price will easily get dump and pump.But everything can be changed since it's just a people mindset over investment and if bitcoin will show a good stability and good price movement for long-term provably investor will get a pure interest with it.