Quote from: ConnerDalfino on September 18, 2021, 10:30:11 AM

Question

The price of gold fell 10.5% since the beginning of the year, but the price of Bitcoin gained 332%. Bitcoin, in the same decade, has returned 146% annually, compared to gold's 0% per year. Is it really necessary for us to still debate which of the two is superior?

Here are my thoughts

A valuable store of value and medium of exchange, gold has been around for five thousand years.

Despite Bitcoin's success, do not let your enthusiasm for it turn into arrogance or (worse still) stupidity. In addition to bitcoins, the world values many other assets, including gold and oil.

How do you feel about this?

Both gold and bitcoin are good investments. I believe that they have their own purposes and it's still much better to invest in both rather than in just one to diversify our funds. Gold has so many uses in different aspects and fields. Gold has been used in different things such as electronics, jewelry, machinery, chips, and the likes. It has proven to withhold its value too despite the inflation and time frame. Hence, a worthy investment if you'll hold and invest in it in the long term.

Meanwhile, bitcoin has exhibited growth for the past years. It has shown its potential and has withstood the test of time making it the king of all coins in the past and at the present. I must say that bitcoin is a nice speculative asset that offers a big opportunity to most of us. This is a great investment for the long term just like gold. It's just that bitcoin is completely digital unlike that of gold. It is also highly volatile which is why we should always be cautious whenever we want to buy and sell. In investing in bitcoin, you must know the risks first. High risk, high reward. However, you should invest responsibly to avoid losses.