Post
Topic
Board Economics
Re: Bitcoin or Gold
by
ginsan
on 28/08/2024, 20:58:28 UTC
local media reported that there was fake gold that even amounted to 109 tonnes.
With this in mind, we must realise that ultimately nothing is 100 per cent safe.
In addition, bitcoin is also not very suitable for the short term because after all, when talking about investing in bitcoin, the long term is more worth it.
Without anyone telling me this, I already knew that there are fake Gold but Bitcoin is not fake actually, it is just that the price of Bitcoin is not stable but we can invest on it for long term and make profits more than investing on it for short terms.
Gold has existed from many years but look at were it is now, I do not think that it have any more potentials like bitcoin, and Bitcoin is only 16 year now but there is more potentials that it is going to go further in the next 10 years. The reason why Bitcoin is superior to gold is because it is decentralize.
In addition, Bitcoin has a limited supply and also many coins have died because the owners lost their keys. For that I prefer Bitcoin over gold, also statistically Bitcoin has performed quite well in the last 16 years.

Apart from that, investing in Bitcoin will of course be better to apply for the long term or for our old age. Because the limited supply will make bitcoin increasingly rare and legally the price will strengthen significantly if demand is greater. For that, buy regularly either with the DCA strategy or with other strategies, use your time to invest in bitcoin for your future.

In terms of development, of course Bitcoin has controlled the world because we can transact anywhere without a third party. Many large companies also continue to buy Bitcoin and hold it.
Also, many of them, from young to old, have shown great interest in investing in bitcoin, every day new investors join bitcoin and of course you can understand that Bitcoin is the best for now or for the years to come.