Quote from: irhact on Today at 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.

Choosing gold and silver is a behavior of investors who cannot break away from traditional investment preferences and do not want to take too much risk. Investors who diversify their investments also prefer gold and silver along with their Bitcoins. Traditional investment preferences prevent many people from turning to new investment instruments because it is generally difficult for people to give up their accustomed behaviors.

The volatility in the price of Bitcoin creates opportunities for many investors. Most of those who prefer Bitcoin over gold and silver make money at certain periods thanks to this volatility. Since Bitcoin is an investment instrument that has proven itself in the long term, it has become one of the investment instruments preferred by many people, like gold and silver.