Post
Topic
Board Bitcoin Discussion
Re: Bitcoin or Gold: Superiority
by
Botnake
on 07/10/2021, 19:10:59 UTC
I would personally say Bitcoin. Bitcoin is currently in demand. Many different companies are constantly investing in Bitcoin. At present its price is 45 thousand, in future it will not take more than 1-2 lakh.
if the company is clearly unlikely to buy gold for investment because it is impractical to store it, it is certain that the company will focus only on stocks, forex and now bitcoin is probably very popular too.

it all depends on the company, what they think is very supportive for the further development of the company's finances, besides of course the main work being carried out. because saving investments for large companies is very important than just saving in the bank.

you are right bitcoin, has great potential for the long term because it will always increase sharply compared to just stocks and forex. because every halving (4 years) will be achieved renewable ATH for bitcoin, which is not owned by other systems.


Bitcoin is certainly more profitable than gold, but we don't know if bitcoin can last for a long time like gold, the biggest test of bitcoin today is being able to overcome pressure from countries that banned bitcoin, so that bitcoin development can be free like gold.
Of course, all will clearly agree that bitcoin will be more profitable than any investment for now, no exception when compared to gold, bitcoin is still superior.

bitcoin will remain the same as gold, as long as all need and use and store bitcoin, it will not disappear. if only pressure from the government is a natural thing, because usually they don't have standard rules for the existence of bitcoin. because bitcoin is vulnerable to abuse, it is clear that the state must guard against this happening.

so there is no doubt that for now bitcoin will be able to attract many people to invest in it, because it is clearly very profitable even when compared to other investments. we don't know in the future if anyone is able to make a match like bitcoin, as long as there isn't, bitcoin will always be sought.

In terms of profits, its very clear that bitcoin takes the lead. Its value is definitely huge compared to gold. But the only thing that makes investors doubtful to invest in bitcoin is due to its high volatility, the value suddenly pumps or dumps depending on the market's condition. And this creates more confusion especially to those who did not know bitcoin well.

However, gold may have a lesser value compared to bitcoin but there's no high fluctuations happening in it. It's value is fixed and may only get to increase if the demand gets higher but that only happens very seldom. But since it's a traditional way of investment, people find it quite irresistible to resist.