Post
Topic
Board Economics
Re: Bitcoin or Gold
by
Minor Miner
on 14/08/2024, 14:02:10 UTC



Bitcoin is easy to invest in by everyone both the rich and the poor because you can buy as little as @$10 every week from your discretionary income for a long term to increase the amount of bitcoin you have. Bitcoin is new and the fast rate of growth is something that makes it worth investing in more than gold because if bitcoin gives you the opportunity to control your wealth yourself without a third-party.

Anyone can invest in bitcoin with the smallest amount of capital they have, but the barrier when investing in bitcoin is that not everyone knows how to buy and store it themselves. Some basic knowledge is required to get started with bitcoin, and that's a barrier for people of a generation like our parents or grandparents. Meanwhile, investing in gold is easier for them.


Gold is good but I prefer bitcoin because it gives big profits than gold and no one will know if you have bitcoin without you telling them making your wealth a secret. A modern asset like bitcoin is good because of its great potential.

I believe that up to 99% of us choose bitcoin because its returns are superior to gold, but we also need to remember that the higher the returns, the higher the risks. Bitcoin is not as safe as we think, besides volatility, legality and liquidity are issues that cannot be compared to gold.

In general, both are good but there will still be advantages and disadvantages, and it will depend on each person's preferences to make the appropriate choice.