Post
Topic
Board Economics
Re: Bitcoin or Gold
by
red4slash
on 28/08/2024, 21:39:02 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.
The point is not there mate. It's not about a genuine or fake issue because gold is of course genuine and bitcoin is also genuine when talking about the standard of legitimacy in investment but the point I want to emphasise in this case is that when we make an investment then nothing is free from risk because even though gold is said to be a safer investment, in fact it still has a risk because it can be faked and that is in accordance with what happened in my country where there were 109 tonnes of fake gold traded and did not rule out the possibility of being used as an investment.

So in this case nothing is risk-free because everything has its own risks including when we are in gold or in bitcoin.
For other things I don't need to give any tips including comparing which one is the best because everyone has their own views on this but certainly for now for me personally bitcoin is bitcoin where they are there to make my finances change for the better (at least that is my belief for now).