Post
Topic
Board Bitcoin Discussion
Re: BTC vs GOLD
by
AakZaki
on 10/12/2020, 14:26:07 UTC
~snip~
but for me i think if i'm going to be for a long term investment i'll go for Gold well the price of it won't crash dramatically unlike the Bitcoin that in any moment it will crash and so the cons is that i can't pay gold online unlike Bitcoin which more likely a Gold of the internet.
Guessing the reason you chose gold, this is because gold is a Safe Haven asset. In addition, gold already has recognition of its value throughout the world about its value or price. Then, if I'm not mistaken, gold is not affected by the interest rate, monetary or fiscal policies set by the central bank or government. In contrast to bitcoin, only a few countries recognize and legalize it. Although in terms of technology, gold is far behind, the level of confidence in gold is much higher. Because of that, I currently have two investments which I consider to promise the first gold the second bitcoin.