Post
Topic
Board Bitcoin Discussion
Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
by
Silver80
on 09/09/2021, 01:45:36 UTC
It's quite surprising how people still consider gold a more profitable investment than Bitcoin. Guess they're not familiar with the saying, 'the higher the risk, the greater the reward'. Although this doesn't mean you should go taking uncalculated risk as that'll be a deadly move that could cost you all your funds. Bitcoin has shown time without number that it's the better investment vehicle than Gold and it just did it again

Just came across this article and think it'll be best I shared it here for the doubters still hoping for their previous metal to recover while they keep on missing out on the chance to partake in one of life greatest innovation.

Quote from:  One Bitcoin now buys 0.6 kilograms of gold as 10-year returns turn negative
As of Tuesday, fresh data shows that Gold/USD traded 3.7% lower than it did in the same day in 2011.
Source: https://cointelegraph.com/news/one-bitcoin-now-buys-0-6-kilograms-of-gold-as-10-year-returns-turn-negative

Guess there's nothing left to be proven again for bitcoin and it's safe to say it has outperformed Gold in all angles. I would prefer my investment in an asset that could give me higher double digits gains than an asset that can barely gives strong double digits gains and yet been called the safe heaven when it also poses same risk of a lost in value during trying times.
Difference between gold and bitcoin
Gold, liquidity has been tested, this gold will not disappear until the end of time, gold is not an investment but gold is a benchmark for maintaining currency stability, when talking about gold, we describe luxury, wealth and social status. The shift in interpretation of gold into investment is caused by the transition of gold as a tool. This exchange into a commodity causes gold to become an investment, because it already has an element of value that can be maintained and fluctuates, gold as a medium of exchange has existed since 450 BC, if in the past a country issued currency it depends on gold reserves, until the United States makes more currency than existing gold reserves, then the term EXCHANGE appears, here is calculated whether or not bankrupt is from the exchange rate.
BTC is still relatively new, its liquidity has not been tested, they are still seen as an investment as long as it is not recognized as a legal tender currency, El Salvador has started taking risks to make it the world's leading thing.
so it is wrong to think that gold is interpreted as an investment, the correct investment is in Bitcoin, stocks, plots of land, houses and other Altcoins.