Bitcoin or Gold???

[james.hendrickson]

New paradigm will be 60/20/20, securities, bonds, bitcoin/gold, respectively.

This is entirely possible.

[myrdale]

I did hear an interesting point of view last week about investing in Bitcoin, but really it applies to anything you invest in:

"It's not about how it performed in the past, it's about how you expect it will perform in the future".

Do you think Bit Coin is going to go up in price in the future?

Personally, I do not think Bit Coin, specifically, has a long term future. 5 years, most certainly, 20 years... I don't know. At some point it will hit the highest price it will ever be worth, and then the price will drop. It may surprise me, but specifically because of it's strength of not being able to be controlled by a central government, is what will make it a target.

[LaurenKelly]

Gold is undoubtedly a good investment, but you will make more money from BTC. Bitcoin and gold both have significant advantages over fiat currencies because neither can be diluted or debased. So, while bitcoin is a more recent form of investment that is certainly receiving a lot of hype, gold has retained its value through centuries. It's safer to invest in gold, but it's much easier and faster to make money from just registering on https://uphold.com/en/assets/crypto/buy-xrp, and start trading XRP or BTC.

[JAbbot1985]

Btc for sure, the bitcoin growth is exponential, while gold gains a few percent every year. One of the key features of Bitcoin is that it has a fixed supply, which means there will only ever be a maximum of 21 million Bitcoins in circulation. Given the fixed volume of the asset, if there is continued demand for the cryptocurrency, the value of Bitcoin will theoretically increase. And also it is really simple to pay with bitcoin now that there're ATMs in every corner. If you need a map of ATMs try paydepot.com.

[corn18]

BTC has gone down 50%. Can someone tell me why? I prefer something less volatile.

[Nutria]

corn18

https://www.globaltimes.cn/page/202106/1226598.shtml

The ban also means that more than 90 percent of China's Bitcoin mining capacity is estimated to be shut down, at least for the short term, as regulators in other key mining hubs in China's north and southwest regions have taken similar harsh steps.

Some industry players had hoped that regulators in Sichuan, where hydropower is abundant, could take a softer approach. But the latest ban underscores Chinese regulators' determination to curb speculative crypto trading to control financial risks, despite certain benefits to local economies, observers said.

[Michael44]

I think both are plausible investments, but given how much the Bitcoin price has gone up recently, this might not be the best time to do so. According to some projections BTC should dip in value around Christmas, so there might be yet a new opening before the end of the year (this is usually caused by the fact that people want to withdraw some of the profit they made on Bitcoin and buy Christmas presents etc...)

[amarowsky]

i kept some gold, but most of my new "hedge type buys against the market/inflation" are going more towards BTC.

I just tossed my BTC into voyager (one of the exchanges) that is offering a pretty decent APY of I think 5.7%. By no means betting the farm, I just see a future where crypto has a much larger lane than it currently does.

Ill keep the stake small (respective to my gross portfolio) and keep DCA"ing in the shadows as it grows

Edit** - Also worth mentioning. I did my 1st ever crypto Wallet --> Wallet transaction. And it was far more simple than I expected (and lower cost too).... It did help to visualize the grace and speed of the x-fer after I actually completed one.

[james.hendrickson]

I have a bit of silver and a bit bitcoin, at this point they're both just for fun.

[amarowsky]

I have a bit of silver and a bit bitcoin, at this point they're both just for fun.

nothing wrong w/ a little fun