Bitcoin is better than gold

[Chibson]

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.

Gold is also not a stable asset. but it is more stable than bitcoin but bitcoin will be most profitable if you have a lot of knowledge about it.

 

[ridsa]

I don't understand this. Can you explain more?

That happen a few years ago when central bank or country want print money, they need gold as bail for the money they want print, the value must be same. but it not happen again no need gold as bail to print money that why some country have high inflation because they print money too much and make their money currency doesn't have value.

Post automatically merged: Jan 1, 2023

Gold is also not a stable asset. but it is more stable than bitcoin but bitcoin will be most profitable if you have a lot of knowledge about it.

not stable but safe because the price follow inflation, if you save your asset in gold at least the value is not drop as another investment.

 

[Chibson]

That happen a few years ago when central bank or country want print money, they need gold as bail for the money they want print, the value must be same. but it not happen again no need gold as bail to print money that why some country have high inflation because they print money too much and make their money currency doesn't have value.

Post automatically merged: Jan 1, 2023

not stable but safe because the price follow inflation, if you save your asset in gold at least the value is not drop as another investment.

Yeah, it is more stable than cryptocurrencies. That is actually a fact and it is the major reason some people who do not like so much risks invest in gold instead of Bitcoin.

 

[Enxx]

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.

Don't understand this, can you please explain it for me to understand

 

[Imran Noori]

That happen a few years ago when central bank or country want print money, they need gold as bail for the money they want print, the value must be same. but it not happen again no need gold as bail to print money that why some country have high inflation because they print money too much and make their money currency doesn't have value.

Post automatically merged: Jan 1, 2023

not stable but safe because the price follow inflation, if you save your asset in gold at least the value is not drop as another investment.

You explained it very well.

 

[iyanpol12]

I am more into crypto nowadays. If I have a choice, I want both. Hehe

 

[Chibson]

I am more into crypto nowadays. If I have a choice, I want both. Hehe

crypto is more profitable in my own opinion. But if you want something safer you can opt in for gold.

 

[iyanpol12]

crypto is more profitable in my own opinion. But if you want something safer you can opt in for gold.

Yeah. Crypto is highly volatile while gold isn't. If you are knowledgeable at crypto and trading, you can make a good money on crypto.

 

[Chibson]

Yeah. Crypto is highly volatile while gold isn't. If you are knowledgeable at crypto and trading, you can make a good money on crypto.

Yeah, the crypto-currency market is volatile which means it can either make you money or you make losses. It depends on your knowledge.

 

[hastral45]

It is understatement to say bitcoin is better than gold. Gold is more stable than bitcoin. Consequently, it safer to invest in gold than bitcoin.

 

[Chibson]

It is understatement to say bitcoin is better than gold. Gold is more stable than bitcoin. Consequently, it safer to invest in gold than bitcoin.

if you're looking for more profits you need to invest in Bitcoin than gold. The stability of gold makes the potentials of making profit lower.

 

[Raja]

I am yet to get payment in Bitcoins or any other crypto but have invested in Gold so I prefer Gold

 

[ridsa]

remember invents in something real thing, not too something you can't touch.

 

[Chibson]

I am yet to get payment in Bitcoins or any other crypto but have invested in Gold so I prefer Gold

Have you been able to make reasonable profit from the investment?. I actually want to learn how to invest in gold.

 

[iyanpol12]

Yeah, the crypto-currency market is volatile which means it can either make you money or you make losses. It depends on your knowledge.

That's true. With Spot trading, it's not that difficult as long as you know which one will work. Also, it's also important to learn to read the graphs. That's very important when doing Futures trading.

 

[Magnus2022]

Bitcoin seems to have amazing characteristics that makes it exceptionally great. Bitcoin is virtual and highly decentralized. You don't need to fear to secure your wealth. Secondly, it is highly recognized and can be traded any day. Thirdly, bitcoin blockchain is highly balanced and secured. It is difficult or impossible to hack the ledger.

 

[Chibson]

That's true. With Spot trading, it's not that difficult as long as you know which one will work. Also, it's also important to learn to read the graphs. That's very important when doing Futures trading.

Probably, you will not make tangible profit in futures trading if you do not know how to read the graphs well.

 

[iyanpol12]

Probably, you will not make tangible profit in futures trading if you do not know how to read the graphs well.

I'm actually learning from my brothers who has good knowledge already at Futures. I rely on their signals.

 

[Chibson]

I'm actually learning from my brothers who has good knowledge already at Futures. I rely on their signals.

Okay, if they're your brothers that's fine. They'll be able to teach you the necessary things required.

 

[Bisolami]

Not only in this forum but on other forums too, I do see people debating on the better Investment among gold and Bitcoin.
The best Investment for now is bitcoin because with bitcoin Investment there is guarantee that in few years not up to four years, the price will rise up to 10 times the initial price but gold price can not be that high.

To me, I don't think Bitcoin is better than Gold. I think you should make better findings. Gold appreciates a lot