Debating Gold vs. Bitcoin Investments
Everyone is abuzz about Bitcoin investment these days. We see many people around us discussing its cons and several others investing in it.
Well, to invest or not is a decision that may need some pondering however wouldn’t it be wise to at least acquaint yourself with this new concept? There must be something good about it after all it is becoming a hot favorite among investors. We are just hinting that investing some portion of the portfolio in Bitcoin is a good idea for it offers numerous advantages over our age-old modes of investment with the major one being that it is easier to move and use.
As a renowned economist, Jim Rickards, said, “Gold is a great way to preserve wealth, but it is hard to move around. You need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening”.
To get a better insight about the benefits of investing in Bitcoin , we suggest you go through the article by Wayan Garvey
https://medium.com/@wayangarvey/why-goldbugs-should-own-bitcoin-160ed56045ea
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Haiyyaaahh!!
If you are unsure, diversify!
Having exposure to precious metals like gold or silver is good in case the unthinkable happens.
Having exposure to cryptocurrency is like betting on the future.
Both are high risk, most importantly enjoy the learning process, the journey, and the people you meet along the way!
Well said!!!
Thank you @coingecko
It` s True the old guy (and gold salesman) doesn't understand the value of a new emerging (and disruptive to his business) technology. What a surprise. Meanwhile the next generation understand it in an instant, because they grew up with the internet and online gaming where, for example, MMORPG games like Runescape and World of Warcraft have had flourishing entire economies online that only exist digitally where items are traded every day for "real" money. For an old person, they think because you cannot touch it that it does not exist and cannot have value, yet the world's most valuable companies Facebook, Google, and Amazon all rely on the internet and things that do not exist physically for their business models. The older generations told us that these things were a fad, and that's because they don't get it. They don't understand where value comes from. They don't realize that only existing digitally is a benefit and not a drawback. They don't realize that intrinsic value is an oxymoron. They still think you need a shiny rock to "back" something for it to have value. They do not notice how the world economy has been running just as if not more efficiently without the backing of physical objects. Backing is merely a tool for bootstrapping the network effect onto a new money. Bitcoin already has a network of users and therefore requires no bootstrapping for people to start trusting it. It is already verifiable that it cannot be printed, you do not need a proxy like gold to prove that. Ironically enough gold is a rather bad object to back something by because it is being mined every day and it is not truly scarce. The supply of gold could easily double or even more overnight by the mining of a single asteroid. Gold is old, heavy, costly, not scarce in the universe, and generally useless. Cryptocurrency is the obvious choice for anyone who grew up with the internet. Our generation finds gold worthless and Bitcoin worthwhile. The writing is on the wall, the trend is clear; bitcoin > gold as a currency in the long run. Sorry Peter but your time is almost up. You had a good run, but it's time to make way for the new kids on the block.
Thank you for your time and comment. Interesting !!!!!
I tend to think that Steem will make larger gains in terms of % during the next crypto bull run, but that Bitcoin will retain more of it's value once the bull market is over.
IN OTHER WORDS:
The Top Altcoin Performers do better than Bitcoin during Bull Markets, but fair worse than Bitcoin during Bear Markets. @thecryptoninja
We hope so @chrisrice
Thanks!!
Nice post, thank you👍🙏🌹
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Thanks @nareg. It's an interesting article. Must share!!!
Appreciate.
If Gold is earth,then Bitcoin is universe.
The best way is to stock a store of both, and also silver if you want more potential up side later
Yeah I feel that's one one of the main arguments for Bitcoin, is it being just as smart as investing in gold. I agree with the article it's definitely should be something to have in your portfolio.
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Nice, you got an awesome upgoat, thanks to @cryptokunoichi
BuildTeam wishes everyone a bullish new Year!
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