Topic: Ask Google: What is the best performing asset in 2020 (Read 710 times)

We rely too much on bitcoin, I am in agreement with what you said and I think that bitcoin is a really good asset but this makes other financial assets set aside because they are overshadowed by the might of bitcoin, I am not in contrast with what bitcoin can do but we also should learn how to diversify our assets, remember to not put all of your eggs in one basket. This assets have been here longer than bitcoin and most of them have been proven effective, mutual funds for example, they can grow in five years just by putting a monthly contribution that will grow through compound interest. I always advocate diversification in assets because this helps when you want a constant cashflow even if one of your asset is facing down time then you will not be affected that much.

I will agree on that. I guess more people invested in bitcoin this year when the pandemic was all over the world.
India itself saw a growth of 25% in bitcoin investors according to paxful in the April - May duration.
After seeing a huge crash in the stock market and not so much increase in Gold's price and seeing bitcoin recover quite well, I guess bitcoin had become the obvious choice for many people. Well it turned out to be in our favour now since bitcoin has spiked up to $9.5k.

This is also a factor, but it doesn't have that much of an effect compared to good website SEO.

It's pretty simple: it's because articles aren't saying that bitcoin is the best asset to invest in, whereas it's a fact that bitcoin is the best performing asset in 2020, and that people are writing articles about it being the best performing asset in 2020. There's a significant difference between the two.

I totally agree with Google's answer, if you pay attention to the bitcoin movement in 2020. I think it is indeed worth bitcoin as
best performing asset in 2020. Although the price dropped to $ 3800, it did not last long but the price of bitcoin rise again.
Therefore the performance of bitcoin is very good, with the spread of COVID19 does not affect the performance of bitcoin. Unlike
other assets with outbreak COVID19 make the price down.

Different strokes for different folks as the saying goes.


Accumulation is just one factor for the popularity of Bitcoin. And I think even before the pandemic, it is already performing well and above expectations. And probably the pandemic really pushes it even more, when people are looking for one asset that they can hold, not name Gold or Stocks.

It is not google that answers your question. I mean, it does, but it uses some algorithm and stuffs to get the answer for you. Like others says, since most of the articles (with good SEO) and statements states that bitcoin is the best, hence google also says bitcoin is the best.
If articles starts saying that bitcoin is the worst even if it is not, then you will see that google will say bitcoin is indeed the worst.
I would say never to just take anything for fact just looking at the small snippet (not just for bitcoin, for every case. Read the whole article first).

Nice! I've checked, Google gave me the same response. And it's indeed not just Google, Yahoo.com and Duckduckgo.com also offered the first search result about Bitcoin as well. I guess the reason for that is that this is just a simple fact. Bitcoin is popular and reputable enough to be considered seriously. And given the hit traditional assets took because of the pandemic, Bitcoin looks very promising and comfortable. Gold is doing quite well in 2020 with around 15% gain from the beginning of the year till now, but Bitcoin is around 30% up, so the winner is clear here.

Change your time frame and you can make it the worst performing one too depending on what mood you're in. It doesn't really mean a great deal for now. As traders are fond of saying, and it's really boring, zoom out.

That's when your panties get shredded. Anyone getting in looking for a quick return is quite possibly going to leave just as quickly with a loss or be in for a much longer haul than they initially planned.

There are people who like to take risks, others who don't. This is the right of each person, can not be forced even though many people say the risk of investing in bitcoin can be minimized by conducting a market analysis.

This is the impact of accumulation. The popularity of bitcoin as an investment product continues to increase after surprising many people in 2017. So many people are trying to get into this ecosystem. Halving moments, then the effects of a global pandemic, and various other things that encourage people to be more creative and innovative in finding alternative business/trade/investment that can provide great opportunities in difficult times like this.

It's just me but maybe the reason why google is showing this results is because of our past search histories? and there's just a lot of threads, articles, news that is pertaining that Bitcoin could potentially be the best performing asset in 2020. Maybe this keywords were optimize to result in that article by SEO specialist. I've tried "best asset to invest in 2020" but Bitcoin wasn't in the list.

Still good to see that Bitcoin is showing in searches though. Some newbies would definitely find Bitcoin appealing if they where to search those keywords.

Not only that there are investors willing to risk this volatility because many possibilities are here right now .

https://www.coindesk.com/first-mover-bloomberg-20k-bitcoin-call
- this clearly something everyone has been waiting for since a long time . Whosoever is holding their coins since years and whosoever purchased the coins back in 2017 but weren't able to get any benefits from it . They should stock up now .

It might take time but we are near September , which I do think is like the golden month for Bitcoins.

The price sometimes tends to decrease during the holiday season but shows a growth starting from September , therefore am placing my bets on it and waiting for the big wave .

At the same time it would mean a lot for people since due to Quarantine most of us are having a really hard time.

-At the same time now the government won't talk about the Fiat which is on the path of showing a downtrend approximately 10-15% for sure.

-the news authorities needs to stop talking about the volatility of the cryptocurrencies like Bitcoins (every investor knows well what they are getting into) they now need to cover up this news and see all the good it's doing for the community.

I removed the keyword "performing" yet it still shows bitcoin. Thanks google.  

In someone's perspective it won't show any significance but usually these results show how it's ranked by google. I'm not an expert but if it's the most searched particular keywords, SEO, etc. it will appear. And as we know, if it's appearing on google, it's likely that newcomers will believe.

But it doesn't really have to be like that, they shouldn't depend on google searches and they still have to make their own research before investing.

We are just making assumptions, as we really don't know this yet. While it makes total sense to hold bitcoin, an asset with controlled supply, in times of potential hyperinflation in the future, people could also easily dump their bitcoin by the time they're going to actually need money to buy basic necessities. In fact, we could possibly lose more value by holding bitcoin.

In the end, again, we're only making assumptions, and time will tell.

Another aspect I would like to mention is the fact that as long as the FED is printing money, Bitcoin is a proper way to protect yourself from the inflation and hence the steady decrease in your FIAT value..

If we will just base on this year only, Bitcoin is yes the best performing asset. We saw it already how it moves as the virus spreads worldwide. Most of the assets are going down very hard including Bitcoin yes but after that massive downward move, Bitcoin's price has been doubled since its recent lows of near $4000. This didn't happened to other assets out there.

Not only it is the best performing asset this year but in the last decade, it also shows that it is the best asset with a near 10,000x increase since 2009-2010. On the other hand, yes Bitcoin is the best performing asset this year but it is also the most volatile asset out there so as many are profiting on it more are getting lost because of volatility.

Still bitcoin, when I try to search using Google and the search term is "best peforming asset of all time". A staggering 9,000,000% returns in this decade alone. Just proved that bitcoin holders could really be a millionaire during that last 10 years.

However, as the OP states, there is this investment rule of thumb, yes it is an investment opportunities that all of us can take advantage of, but it is not an easy road road to take. Maybe Google search algorithm got it this time and it's obvious for us bitcoiners - we can't really compare what and how it can really increase our money overtime.

I am with you there, so the very fast increasement in Bitcoins price in 20 in late 2017 was built on a lot of FOMO and people that invested their money. The current slow bu steady rise is much healthier in my opinion.

Oh for sure. They could definitely skew the search results to whatever they want if it's the case that they do have their own agenda.

My main point was just that we shouldn't automatically make conclusions that Google search results are automatically intentionally rigged by Google if it's the case that a certain search result appears even if it shouldn't; as the search results could also be rigged(to a certain extent) by SEO specialists. This is why search engine optimization is also one big specialization in the internet marketing field.

As for YouTube and Google ads, they're definitely flawed. But YouTube, Google ads, and Google's search results are 3 very different systems when talking about the delivery of results to easily conclude that Google's search results are "flawed" just because YouTube and Google ads are.

As YouTube and Google Ads are both part of the Google corporation, I'd have to assume (especially as there are some very obvious differences between what, for example, the automated suggestions provide on DuckDuckGo vs Google - some of the DuckDuckGo suggestions are 100% in the top on Google too although they do not appear unless you type them yourself) that the search is flawed too.

One very quick and interesting example I've seen on Twitter is that if you go over to Google and search for "reddit conspiracy". Putting all the conspiracy tinfoil hat and boogaloo stuff aside, you'd logically have to find the Conspiracy subreddit (like I used to find months ago) on the top. However, while DuckDuckGo gives you the sub as a top suggestion, Google now redirects you to the Coronavirus sub and "conspiracy debunked" articles. This gives me a quite strong hint that the algorithm has been influenced to hide specific results. I mean.. it's written by man, right?

Now looking back at this thread, my previous statement might make sense. Although it's an algorithm that sure is very intelligent and learns a lot from our interactions with Google's search results, it could be modified if Google ever decides to be biased in a situation such as the one we're currently talking about.

Doesn't surprise me that search engines sometimes give you the wrong results intentionally. If there's one thing I have learned, it's to always take infomation with a large grain of salt and verify it yourself. But that's too much to ask from someone nowadays, especially as most people only read clickbait article titles and share them without even reading a paragraph or two out of them.

Exactly, watching the movement of bitcoin way back 2016 it's totally far, investing to this kind of asset must possesses much patience for getting their return, your management of movement and predicting must be good.
It is not new why some are recommending bitcoin as investment but it is good for short term only. Like me I am just involving myself now to this tho I knew bitcoin long time ago. Now trying to invest.