Post
Topic
Board Bitcoin Discussion
Re: Do you still have thoughts of picking Gold over Bitcoin, read this.
by
AicecreaME
on 17/09/2021, 11:31:21 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.

Bitcoin and gold are both great investment vehicles. They hold so much potential, no doubt. However, we must also take into consideration the different perspectives people have in every situation. Like what they say, to each his own. We view things from various angles. Everyone has their own opinion and reasons why they prefer gold over bitcoin and we must learn to respect that. Just because we see bitcoin as the king of almost every investment there is, doesn't mean that other people will view it the way we do. We have different preferences and we differ in risk appetite as well. Some people just really prefer stable investments rather than volatile ones. Not everyone possesses a strong heart as we do. Some people bother and worry so much about the dips, hence, they decide not to invest in something that will cost them their mental health. It really just boil down on doing what suits us best. After all, it's our funds and assets to begin with.