Bitcoin is better than gold
- Thread starter Enxx
- Start date
What makes you think that stock market is much better than cryptocurrency market? I reckon that both of them are quite volatile and both of them could be profitable, depending on the circumstances.
Stock market we buy real company, you can check the real condition of the company, we can access all of the detail info, you can buy the good company, though.
I never said crypto is not profitable, i said i dont know anything about it, i still have to learn more and more.
Gold is the real money and its durability is something I will always cherished. Though bitcoin may have better chances than gold but I prefer money I can touch and feel the economic beauty.
Stocks is more profitable but requires expetise n it. You can only succeed in stocks through brokers. Meanwhile, you can do crypto trading by self.
Stocks have clear fundamentals, such as financial statements, company performance, and local stocks will be easier to analyze because they are only in one country. while Bitcoin does not have clear fundamentals so it will be more difficult to analyze for the long term, the price level of Bitcoin is more volatile than stocks, meaning that if you can manage Bitcoin properly then you will get a bigger capital gain.
Why you think we only succeed through brokers. I dont know about your country, in my country we have several people who expert in it share their skills for free, even they do Instagram live everyday to share their knowledge.
When covid19 hits, people in here more aware about stocks market and we have so many expert who willing to share their knowledge for free and its good for our stocks market.
Thanks for the correction bro. There are some places in which gold is accepted as a legal tender. Like Utah in the US.
Now even Zimbabwe is using gold, after its paper currency lost value.
I must say that until last year, bitcoin was considered much valuable. The fact remains that now it is more than one year, bitcoin is losing value in a really rapid manner and this is not a good thing for people who invested their money in bitcoin.
I think that gold is better than Bitcoin because it is more stable. Coins are very unpredictable.
in the long run, bitcoin will become on of the most valuable assets that is for sure
- Thread starter
- #56
I don't understand this. Can you explain more?
this is a cycle and the price of Bitcoin will skyrocket once again. A lot of crypto experts are predicting 2024 and 2025 to be the year. It has actually happened a lot in the past.
Most countries' money is backed by gold, they don't use gold in daily spendings instead they use fiat money which gains value from gold.
I think this is very true. Just like a company called microstrategy backed up their value with bitcoin. There are so many of them.
Yes. I used to say it, if you want to invest, it is better to invest on stable assets than volatile assets. Gold is preferably chosen to bitcoin.
