Quote from: irhact on October 07, 2024, 05:59:51 PM

Quote from: Orpichukwu on October 05, 2024, 10:42:37 PM

Every investor has the choice of choosing where to invest and entrusting their money to others based on where they feel safe to keep it. Gold and silver are good investment choices, just like Bitcoin. Bitcoin is very volatile, which is also what makes it a good investment since there's an opportunity for your investment to skyrocket over night and give you an unexpected profit.

But what's the reason why an individual is going to choose gold and silver over Bitcoin when Bitcoin has all the quality that those other two has and has more benefits. Bitcoin can be our saviour from poverty when we choose it over the other two that you mentioned. Bitcoin gives better profits and also retain the wealth that you already have as you don't have to worry about losing your money or your money getting devalued when you invest into Bitcoin. If you keep observing the market regularly that's when you'll become scared that they market is going to crash and make you to lose but in the longer time, you'll see that the market was only being unstable and not crashing.

Can Bitcoin be used as an inflation hedge or a safe haven during inflation? Or when economic crisis and instability hit us? In 2022, when inflation hits our economy and bitcoin also drops more than 70% in that time, do you think it saved us from inflation? No, bitcoin is not perfect enough to replace the role of the other two assets. Bitcoin can bring higher returns but it also comes with more risks, the higher the return the greater the risk.
Bitcoin can be our savior if we have good investment plan and strategy but it can also make us poor quickly if we think that making money from it is easy and helps us get rich quick. It all depends on each of us, not on bitcoin.

There are many of us who are not rich yet even though we are bitcoin investors, but there are also many people who are living a rich life but they don't know what bitcoin is. Bitcoin is not a god that can save us, no one can save us except ourselves.