No tulip, no dice! Joking aside. Do you think gold is better investment than BTC at the moment? Btw I'm putting you on my autovoter, this has gone on long enough!
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No tulip, no dice! Joking aside. Do you think gold is better investment than BTC at the moment? Btw I'm putting you on my autovoter, this has gone on long enough!
Thanks for the question! My perspective is that this is comparing apples and oranges. I do not consider physical gold ownership (which is what Goldmoney allows for) an investment period. Gold historically preserves purchasing power over all recorded history vs regular currency like the USD or CAD over long periods of times. So its savings. Gold is simply money. Money is not an investment because to seek capital appreciation in investment form you must take on risk. This is what you do when you purchase equity's. If you were to buy a gold mining stock, this is completely different...... With regards to BTC. I have no problem with cryptocurrency and have owned bitcoin for many years ------>https://steemit.com/bitcoin/@goldmatters/when-everyone-makes-fun-of-you-for-being-a-bitcoin-for-halloween This again is a completely different category I would classify more as a speculation. Speculative investment can pay of thousand fold and has for many cryptocurrency owners..... So it all depends on your personal risk profile but I like to be diversified by owning different types of assets with different risk levels. :) thanks for the question!
Oh one more thing I forgot to add... you can never compare gold and bitcoin because the market capitalizations are completely different. Bitcoin market cap is in the billions and total global supply of mined gold is in the trillions
Yeah, I've mused on the number some time ago. Made me hopeful BTC market cap will go waaaays up! :D
Ill take it! :)