Post
Topic
Board Economics
Re: Bitcoin or Gold
by
MarjorieZimmermanGinger
on 29/08/2024, 14:43:59 UTC
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.

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.