Post
Topic
Board Economics
Re: Bitcoin or Gold
by
iBaba
on 17/08/2024, 08:36:42 UTC
Whether you invest in either gold or bitcoin, your holdings will dictate your profits. If you plan to invest Bitcoin in the right market in the right conditions and hold it for a long time then I can definitely say that you will be more profitable than gold. On the other hand, if you do not have the courage to plan for long-term holding, then you can invest in gold without taking risk, in this case you will be completely risk free and give 100% guarantee of getting a steady profit in the future.

Bitcoin can be more profitable than gold in terms of the uptrend of the cryptocurrency market, bitcoin can be more profitable but I think that is more likely to happen with longer trades than short trades because unlike altcoins, bitcoin doesn't experience skyrocketed increase in worth and I think bitcoin is even more stable than some of those altcoins. But when it comes to investing in gold, it doesn't depreciate in value like that and is more stable and guaranteed for pretty much lower risk takers to the bitcoin investments.