Quote from: MarjorieZimmermanGinger on August 29, 2024, 02:43:59 PM

Quote from: red4slash on August 28, 2024, 09:39:02 PM

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).

Bitcoin does not have a form like gold so it is difficult for people to cheat while gold has a physical form and there is often fraud against the authenticity of gold purchased in unofficial places and I have seen people being cheated after buying not real gold. When it comes to any investment, there will always be a risk and I have never seen a form of investment that is completely risk-free when involved in it. Furthermore, when someone builds a business, for example, there is also a risk of failure because we are unable to accurately predict the future about success in that business.

That's what I mean when I say that in the end, no investment is without risk because everything has risk, even if not all of it is explicit because in the end, risk can be found in various aspects. For bitcoin we know what the risks are and for gold too of course we understand that when we are not really serious then the risks will also exist, one example is with fakes like this. So that indirectly the claim about risk-free gold is a mistake.

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To maintain a more successful form of investment, a person must understand the knowledge so that they can minimize the level of risk generated. If someone does not dare to take risks, then people will never know the level of success that will occur in the investment. Bitcoin can be minimized in risk if invested correctly and it depends on how someone understands the investment journey process that is being undertaken and the risk occurs because people do not understand the journey of bitcoin.

I agree in this case because the point that must be realized from the beginning is that when we want to invest anywhere, we must understand the knowledge first and that can only be done when we study it.
At least before we start investing we understand the basics of what we want to invest in after we start we can deepen it so that we can better manage the way as well as convince ourselves that what we choose is the right thing.