Bitcoin or Gold?
Good morning all!
I have around 20k now but my friend told me that to buy gold not to but bitcoin or other altcoin as the buddy is big. I know they are total different and have different pro and con. I have see a similar topic in a forum but I want more comment from steemian.
My friend away say that bitcoin are risky and buddy. Gold is better for investment.
Yet, which one would you will choose and why? Note that you can only invest in only one of them. Thanks a lot! I need your help!
Thank you all of you's advices! After I think a moment later, I will invest more on bitcoin. As the potential of it is higher and as I am still young, I can withstand a higher risk I think. But one problem is that, if I want higher return, how can I do? As I my living place, buying a small house/flat is very expensive, it need over $1000000 usd, but my income is just only around $2000 usd. Can I made $1000000 by investment?
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You need USD 1.000.000 for a place to live? With an income of USD 2.000? Well, then maybe check your standards? I'd also love to live in a nice huge place that costs 1.000.000 and comes with a cleaning lady, a cook and a nanny. It's just not realistic. Of course you can have dreams.
And as you're already in STEEMIT, why don't you buy some STEEM as well, power them up and compound your earnings by curating. Google compounding. It's VERY powerful long term. You're very active already and with a boost of bought STEEM you can make a nice head start. Rest you put in Bitcoin and a bit in physical gold and silver (don't forget silver when talking about gold. I think it has bigger potential to grow in value).
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Easily bitcoin or eth as an investment. Gold will only hold its value but not add on. But hey then again,no pain no gain! Without risk you will always get meager results!
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My friend away say that bitcoin are risky and buddy. Gold is better for investment.
Make your own choice...~!
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The Gold market is manipulated and artificially low! GATA, the Gold Anti-Trust Action Committee, labored for years making the case for price manipulation in the markets. They, and others, made a powerful argument complete with price charts and trading patterns that simply could not be explained in free and fair markets (such as the crypto market).
Buy Bitcoin!
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It really depends on your risk tolerance level if you can only choose one of them.
But for me, I would choose bitcoin over gold given that bitcoin has much more potential in terms of growth of value than gold...
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I'm new to crypto currencies but you could of course go for both. I would not spent all of it. Lots of experts advice to invest in 10% of Gold/silver. So you could also apply that for crypto currencies.
I my opinion you should alway be save with Gold and Silver as means of wealth preservation. You can also read my artikel here:
https://steemit.com/money/@zebulon/what-i-learned-about-gold-and-silver-in-2014
Greetings
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I would prefer to have both, physical gold is good insurance with long history of recognition as money all around the world while with bitcoin you have the chance to take part of a new paradigm shift taking place with potentially incredible upside, but arguable the risk of going to zero also, if only allowed to pick one I would first ask what time horizon you have and what is your goal with your investment, can you handle large swings bothways and potentially risk your capital?
I think they both have an own important place in everyones investment portfolio :)
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