Many Bitcoin proponents find gold boring and old style and many gold bugs don't believe in Bitcoin. I think a portfolio that combines these assets is a perfect choice! Both of these assets are not controlled by one entity, so when you hold the physical form, your wealth can not be frozen or inflated away. Gold will give your portfolio stability and BTC wil enormously increase the potential. At the moment I am bullish on both of them for the long term.
It is not BTC or gold, it is BTC AND gold!
Gold could have a very shiny and bright future!
The stock market looks scary, gold will function as safe heaven
The stock market is at a point where it could go terribly wrong. The bull run is already overdue for years and stocks are overvalued in almost all the possible metrics. Beside that the bull run was driven by extremely low interest rates and excessive money printing. We are probably facing the biggest bubble ever in the financial markets, when it goes southwards it will probably be devastating.
Also technically it doesn't look good. A double top has formed and the bears are trying to break through the neckline. With a trade war around the corner and rising interest rates one fearful event could trigger a huge crash.
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The stock market looks very scary if you realize that we are going up for 10 years already
Gold is the place where panicking investors go
When investors are in panic mode they tend to buy gold. When the stock market crashes, gold will profit from it. Gold sold off a bit first in 2008 and after it rocketed. Investors were probably selling their paper gold in panic because they were afraid for counterparty risk. Later gold shoot up because investors were looking for a safe place to go.
The chart of gold looks very bullish
A huge triangle is forming on the gold chart. This triangle is build up over 2 years, so the break out could be huge. When fundamentals and technicals support each other, the outcome becomes extra likely.
A beautiful big triangle is forming
The long trend is up, thanks to inflation of fiat currencies
Don’t buy paper gold!
It is as good as sure that there is way more gold on paper than actually exist (fractional reserve banking also happened here). When things turn really bad and people start to redeem their gold, they could fail to deliver. All you have left is a useless piece of paper. Furthermore, physic gold will probably trade at a premium when trust in paper gold is damaged.
When you start with gold it is advisable to buy physical gold or use a trustworthy 3rd party that stores it for you. At Bullionstar your gold is ensured, audited by Bureau Veritas and you can pay with Bitcoin.
Disclaimer
This is no financial advice, just my view on the market.
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BTC is better than gold, you can easy transport it.
I love Bitcoin
But btc will be on the top chart
See one's way through useful information
Yes , Brilliant thought but BTC and other crypto are going to freefall.. @michiel.. Whats the future of crypto specially BTC???
Very analytic post about bitcoin and crypto. Thanks sir @michiel for sharing the informative post.
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desde que cayo el patron oro, existe mayor impresion de dinero inorgánico en forma de papel que inunda el mercado, que ha provocado crisis economicas y financieras en muchos paises es por ello se hace necesario que los que tienen y pueden influir en el aumento del btc , propendan a aplicar políticas monetarias e impulsar con ello el incremento y estabilidad del steemdollar
I Love Gold it's in my name
BTC still drops but
https://steemit.com/bitcoin/@goldmine2018/tokenpay-and-verge-will-moon-through-huge-partnership
Waoo beautiful post thanks
how can you compare gold with btc, as btc rates always fluctuate after political instability and just announcements made by giant fishes. its a currency of trust. ??
Great Post I agree with you. I was explaining what bitcoin is to my 40 year old school teacher and he understood it as digital gold. Plus both gold and bitcoin supplies are finite which makes both a good investment in the long run.
Great post, I do see the comparison between gold and bitcoin. These two "commodities" are in limited supply thus making them commodities. But as we all know with technology it becomes outdated if its not updated and changed for the present. Bitcoin is a technology but its also a commodity.
Im still trying to undestand why I should buy gold, I need to do some more research on this. Isnt gold going to become outdated??
Gold doesn't perform outstandingly every recession, but at the very worst it breaks even. With how things are setting up, however, I think gold will fair well and many will use it as a hedge.
I wrote an article about how gold and silver perform during recessions and deflations. You can read that article here: https://steemit.com/gold/@cryptomeeks/how-do-gold-and-silver-fair-during-asset-deflation-and-economic-recessions
you are spot on..see my reports..same page!!