Quote from: bryant.coleman on October 04, 2021, 06:59:25 AM

Quote from: bitterguy28 on October 04, 2021, 05:02:21 AM

and this is the same reason why crypto is continuously growing because Gold is not performing well while crypto is increasing year after year.
though it is indeed that Crypto is the reason why Gold being outperformed yet this is not enough to hold on to.

I don't know whether there is any link between gold and cryptocurrency prices. Gold prices went up by quite a bit during the 2019-2021 period. During these three years, it went up by almost 60% and this is comparable to the returns from the stock market. So there is no point in saying that the gold investments performed poorly. Stocks, gold as well as cryptocurrency market gave sizeable returns during this period. So we can't really say that growth in one sector is due to lag in any of the other sectors.

Gold has been doing great, for me it was one of the best investments I made back in the day, I bought a ton of gold back in 2014, and ever since then both our fiat value dropped like crazy compared to rest of the world, but also gold prices went up like crazy as well. Which is basically how I started on investment world as well, I knew about crypto back in those days as well, I was involved and I was here, and I did had some small investments here too but I got out way too early.

If I put all my money into crypto in 2014, even if it was at the peak of 1400 dollars at the time (which I wouldn't) that would have been nearly 30x return minimum right now, probably a lot more since I could have bought cheaper and I would have waited for 100k, it is just surreal to think that gold has been so great for me and yet it is still nowhere even close to what bitcoin could be, don't get me started on what early ETH would have made me.