Post
Topic
Board Beginners & Help
Re: Gold vs Btc
by
Learn Bitcoin
on 05/03/2024, 05:25:51 UTC
I was in the same spot, wondering where to put my money. After looking into it, I decided on Gold. It's been around forever and feels more stable. Gold is something you can actually hold, which feels safer than the digital world of BTC. Plus, Gold's price doesn't jump around as much as cryptocurrency does, so it feels like a steadier choice for my money.

It depends on who you are and what you like. I prefer Bitcoin over Gold. I am not saying that Gold is a bad investment. In fact, I have Gold as well. But it's not for storing my money for the long term. I saw how people started saving money in the bank. But they were never able to beat inflation. Gold may help you fight inflation in the long term. But Bitcoin is a better investment.

Let's talk about me. I have some gold whose prices have increased by 3% or 5% in the last couple of years. Or maybe a little more. I don't think I am in profit with that. But, considering my average buying price is around 33K right now, I am making a good profit with Bitcoin at this moment, and I am not planning to sell it anytime soon.