Topic: [FORBES] Is Bitcoin Better Than Gold? - page 5. (Read 3645 times)
This is such a stupid thing to compare bitcoin to. I don't understand why these big wonderful news idiots still don't realize it. It's like comparing a start up tech company stock to a wheat company's stock. It's so random wtf.
From a speculative standpoint, the potential for high short-term gains makes any investor blind not to dabble in BTC just a little.
More positive exposure to Bitcoin, this might help it go up even more.
But yeah Bitcoin's been outperforming Gold this year, who knows if it will next year? I'll be optimistic about it, tho.
But yeah Bitcoin's been outperforming Gold this year, who knows if it will next year? I'll be optimistic about it, tho.
As the instrument to invest bitcoin is better than gold, cause bitcoin will bring you profit very fast. But as the way for long time investment and for keeping your money saved gold will be better choice. So from the target that concrete person is looking for - everyone decides to himself.
Bitcoin has been beating gold by a big margin so far this year. The digital currency has more than doubled in value, while the yellow metal has gained 8.73 percent; and both assets outperformed the S&P 500 and the twenty-year US Treasury bonds.
Does this make Bitcoin a better long term investment than gold?
It’s hard to say, as past performance isn’t a guarantee for future performance, as the old adage goes in Wall Street. Besides, Bitcoin has been around for a short period of time.
Still Bitcoins have two advantages over gold. First, they can be used as a convenient medium of payments, though for a limited number of transactions, a function gold is missing. Second, the Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.
To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
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Original Story: http://www.forbes.com/sites/panosmourdoukoutas/2016/12/09/is-bitcoin-better-than-gold/#42ccc567c143
Does this make Bitcoin a better long term investment than gold?
It’s hard to say, as past performance isn’t a guarantee for future performance, as the old adage goes in Wall Street. Besides, Bitcoin has been around for a short period of time.
Still Bitcoins have two advantages over gold. First, they can be used as a convenient medium of payments, though for a limited number of transactions, a function gold is missing. Second, the Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.
To be fair, gold has its own advantages, too. It can be used as an outright gift, to make jewelry, and in manufacturing of certain products.
That’s why investors shouldn’t rush to substitute the yellow metal for the digital currency in their portfolio.
~~
Original Story: http://www.forbes.com/sites/panosmourdoukoutas/2016/12/09/is-bitcoin-better-than-gold/#42ccc567c143
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