Quote from: laijsica on Today at 03:01:13 PM

Quote from: justdimin on Today at 02:09:32 PM

Quote from: cryptoWODL on May 20, 2024, 03:58:25 AM

Bitcoin is digital gold to me, also known as decentralized currency. Bitcoin gives us financial freedom even we can trade or hold these bitcoins without third party control.

What is Bitcoin for you?
A simple answer to this question for me is that I am financially established with this Bitcoin even made my family self-sufficient by investing in Bitcoin. My Bitcoin investment money means I can spend it freely from anywhere in the world without any hassle. If I hadn't involved myself with Bitcoin I probably wouldn't have been financially established. I consider Bitcoin as a precious currency that changed my life. Everyone may have a different opinion about the life changing currency Bitcoin, I just mentioned my opinion.

That "digital gold" and "currency" are the two things that makes it so important for me. I mean the reality is that it is both like gold in asset form where you invest and in the long run you make money from it, but it is also like fiat when you want to spend it as well. I can both keep it and make a lot of money from it, but I can give it to you and get something in return as well, so you will hold it and make money or you will give it to some one else.

We can always cash out as well of course and that is not a problem but that doesn't mean that we are not going to end up with any issues at all, just because bitcoin is great doesn't mean that it is perfect, like for example fee situation could always cause problems at times as well.

The reality is that BTC is worth more than gold. You can't buy gold with $10 if you want but you can deposit BTC. By consistently managing DCA even low income people can become holders of BTC which is really a great investment. Even with long-term management, he can hold a huge BTC stash that can buy a lot of gold at a time when the price rises. But I think that guy might not be interested in buying gold anymore because BTC is giving him a lot of returns and the holding will make him more profitable in the future. So I think holding BTC is a better investment than gold.

If your criteria for evaluating the best investment is just returns then yes, bitcoin is the best investment because it has the potential to generate the highest returns compared to other traditional assets. But if you are wealthy and you need an asset that can be guaranteed to be safe, legal, popular and stable, then bitcoin is not the choice. In short, which investment is best will depend on individual preferences.
Although I am a bitcoin investor, once my bitcoin investment has large profits, I will take profits and transfer part of it to gold, gold is still the inevitable choice as a safe haven.