Investment in Gold or Cryptocurrency?
- Thread starter Hate2Wait
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- #22
It's tough too as you need to be good at understanding the technical language of those and finding a good property is not an easy thing which is free from any dispute unless you are interested in property like a house which can be immediately used for renting purposes
We agree. Investment in crypto is so risky. This is the reason I prefer investing in gold.
Definitely, the risk with crypto currency is quite high so gold has always been a better option.
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- #25
I am trying to do both but I am not going to invest a big amount and will invest a small amount and have already invested small amount in crypto and have some investment of Digital gold so I will now buy some physical Gold and see if I can make some money from it
Investing in gold has a small risk of loss, but it's not safe if you keep your gold in your house, the risk of loss by thieves, while investing in crypto has a high risk of loss but also a high level of profit. Personally, I prefer crypto investment because it is more challenging and must be learned.
Investing in physical Gold have the highest risk here ,there are many burglars lurking around to pounce on any house with a valuable objects so it will be better to keep them in banks or better still keep them digital .
Dividing your investment is sure a good move.
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- #28
I am still in my learning phase and actually taking a lot of time so I need to improve my learning and start with serious investment as time is running away and if I cannot start investment as planned then it would be quite late for me
Gold is a type of tangible investment, meaning we can hold it, smell it, gold is often used as a savings asset in an emergency, easy to sell. The price of gold always rises every year, but not much different from an increase in inflation. While crypto is too volatile and high risk, it will also provide high returns too. It takes patience to invest in crypto.
You brought real gold, or digital gold?
(Digital isn't different than crypto).
Good investment would be available option because of its stability . Right now, cryptocurrency investment is not stable.
Everyone will invest according to their profile, if he has a conservative profile he will definitely choose gold, but if an investor who has an aggressive profile will definitely choose crypto, because gold is considered to only have low fluctuations.
For an investor, investing is not only a hedge against inflation, but must be able to provide maximum returns, the greater the profit, the higher the risk. That is why investors like high risk, full of challenges and analysis.
In this matter, it depends on people who are into investing to golds or cryptocurrencies. Since cryptocurrencies are still not into its popularity, I still go for hoarding golds if I have tons of money as my investment.