Post
Topic
Board Economics
Re: Better Money: Gold, Fiat, Or Bitcoin?
by
tottong
on 13/06/2024, 03:52:26 UTC
Gold and Bitcoin are the two best investments with the same goals and different paths, so these cannot be equated, Bitcoin with its large percentage of profits in the future and Gold with its price stability which makes this investment liked by many people, there are many advantages and strengths between the two, but what is certain is that each investment has a percentage that is worth it between possible profits and losses.

It is true, money is an interest and use in everyday life, I think this will be different from investment and if someone intends to collect as much money as possible without doing anything, it is a mistake because inflation can cause harm to the holder, even if it is only a little.

If you want to pursue a profit percentage then Bitcoin is the right choice, but if someone wants a safe investment then gold is the choice.
The profit percentage for the two is different because bitcoin is speculative so it can provide large profits in certain periods. Gold does not have advantages in this regard because gold tends to be stable.
Everything that involves money has a certain level of risk involved and the most important thing is how we can maximize that risk to make it smaller.

Saving money for the long term will never be productive because money cannot provide benefits without being used in more productive places such as investment or business.

Everything has a certain value, and they are all equally good, it depends on what kind we want, if you want to invest for the long term it is better to choose Gold and Bitcoin, because they have high value in the future, if Fiat money is for our daily use and for our buying and selling needs, when we have a lot of Fiat savings it is better for us to use it to buy Gold and Bitcoin rather than saving it which will end up being affected by inflation, Gold and Bitcoin are safe from inflation so it will benefit us in the future, by investing in Gold and Bitcoin, that's the right way.

For long-term users, we must understand the impact produced and when we save whether the money can provide maximum benefits, while in the long term the money will continue to lose value.
If bitcoin and gold are an option then do it responsibly and most importantly don't pushed outside beyond your ability to be responsible.
Bitcoin and gold have the ability to maintain value so investing in both can protect the value of the currencies we own.