Post
Topic
Board Economics
Re: Bitcoin or Gold
by
Ambatman
on 25/08/2024, 21:36:59 UTC
There are quite a number of reason why I would pick Bitcoin
One is it's not easy to convert Gold to cash in my country and even if you can it would be way lower than the market price.
It's been existing for a very long time so has gotten quite far in its growth and acceptability
While Bitcoin is relatively young and still growing
I'd prefer a started Rocket than a car already in transit.
Mind you not disputing the advantage of holding Gold,  but Bitcoin is almost always better at everything Gold can do especially in the long run.

I think if you want to really invest your money, Bitcoin is better than gold, because I believe that it will give better profit in long term.
Unless you just want preserve your money and make it safe, gold is better because it is less volatile than Bitcoin.

Choose which one do you want the most.
Volatility doesn't equal safety.
Luna wasn't volatile, it was even a Stable coin but we all know what happened.
The safety Gold provide is the trust people has for it against inflation and this ain't fully constant.
There has always been situations where Gold has fallen  due to various reason.
If it was so safe and trusted investors wouldn't even consider many investment an option.

Gold rises because inflation increases the price of everything except Fiat.
In a nutshell Fiat falls in relation to other assets due to inflation.