The issue of the bitcoin volatility is what we should be worry about, it makes you rich quickly and makes you go bankrupt next minute. When fear index increases drastically it will trigger a sell-off. We are happy that the bitcoin is on the ascendancy and it's a bit favourable now. Thanks to its volatile nature
Such business pose lesser risk than investing in crypto that is very much volatile, which can liquidate one's funds just as its doing now. Buying such product back then when you where at your national youth service in 2009 was very much profitable. I hope you're still engaged on the business up to this day dear??
I prefer Gold to BTC because gold is an essential commodity that has never loss it value for once before and its always appreciating not depreciating like the BTC that can be affected with the environmental changes. Though its also good but I will prefer gold to it.
It's advisable to put your money where your mouth is. During my NYSC way back 2009 in delta I used to buy gold chain at a cheaper price in agbhor and i will sell at higher price in yaba, lagos. Sometimes I make profit worth 100k . It's a cool business and more secured than cryptocurrency. It not an uncertain investment
Everything you said is the simple truth when it concerns BTC and Gold comparison. BTC volatility can cause one making dividends that is hefty, at same time makes one lose money when it isn't moving up high in its price. Gold isn't volatile like BTC, it HSS been long too bringing financial success to those who bought and save the precious metal for long time.
Arguably,investing in bitcoin is more profitable than gold but when it comes to stability, qold is a stable community and the price is not really affected. It's true that BTC has made many billionaire overnight but do not also forget that it has also made many lose a lot of money when the price dips uncontrollably
Why their is less fear investing on Gold than in BTC, Gold isn't as volatile like BTC, it is less volatile, that's why the value doesn't go down poorly like the way BTC have seen in the last few months. Which have seen it be on the halved. But let's not forget that, the volatility in BTC is what makes lots of people billionaires today. When we are very much eager to earn and invest long time, we have chances.
Gold is being traded worldwide but bitcoin is not accepted by all the countries. In the US people believe in trading on gold than bitcoin, they call it a SPECULATIVE CURRENCY and the market a SPECULATIVE MARKET. That's what they believe. Most of the rich people in the world like Warren Buffet, Bill Gate etc do not believe in the cryptocurrency.
Although i will do my research on that ,because i never believed that gold market cap could be more than bitcoin own ,since bitcoin have more performing activities interms on trading that gold ,gold might have been existing for a long time ,but it seems now there are less focus on gold and more focus are been shown on bitcoin and other potential asset
Well apart from gold large market cap , i think bitcoiin performance have been on top notch as it keeps increasing in value and holders are the ones making more gains than before , most especially holders of 5 years ago , this alone shows the profitability rate of bitcoin on the long run ,so in picking i will surely choose bitcoin ahead
Your narrative showed that you supported gold investment. Gold is good as a store of value and not as volatile as the bitcoin. When you trade in the gold market, their is confidence and less fear of losing your money. The risk involved in crypto trades is very high when compared to gold trade. Their is always a huge loss when market go wrong in cryptocurrency space.
In terms of market cap , gold is more than bitcoin because it’s been existence long before bitcoin came into the limelight. it’s true that bitcoin can make you rich in a blink of an eye but it could do other wise too . I support the reason why you have decided to choose the bitcoin. Making a huge profit from an investment is a plus
I know you to be a Bitcoin enthusiast. I agree with you partially because bitcoin is more profitable than gold and can make one wealthy overnight. Gold is good as a store of value but bitcoin is not because of its high volatile rate . When you trade in gold market, their is more confidence and lesser fear compared to trading in the cryptocurrency market. The cryptocurrency market is filled with uncertainty
Definitely gold is less liquid and it's better use as a store of value . Bitcoin would have been a good store of value than gold if not for its volatility. Bitcoin can make you rich quickly and all your funds can also vanish into the thin air if care is not taken .the profit that you will get in gold investment is not as high as what will be obtained in bitcoin
Definitely gold is less liquid and
