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[Flower]

Bitcoin is the best asset for people who want to preserve their money from inflation, according to Mike Novogartz, a billionaire and CEO of Galaxy Digital.

He went on to say that bitcoin should be the currency of choice for everyone, especially countries with high inflation rates. Bitcoin's track record clearly indicates that it may be utilized to lower inflation rates.

Suarez, the mayor of Miami, used bitcoin to reduce inflation in his city.

The low performance of gold disappointed those who invested in the precious metal. Gold was hovering around $1800, despite the fact that it should have been worth much more for a long time.

 

[Wisdom01]

It is good to see that bitcoin is doing so well and i think that when articles like this are being published that it will help a lot of peopel in trying to switch their investment from gold in order to reach the cryptocurrency world and this will cause a rise in demand which will in turn rise the value of the coins as well.

Yeah I think if positive news and others could get published it would really increase the rate of adoption and growth of the coin ,I think now it's just improving gradually ,I really hope there is a drastic interests in the use of it ,so that those that invested from the start can really benefit from the system

 

[AudraMiller]

Yeah I think if positive news and others could get published it would really increase the rate of adoption and growth of the coin ,I think now it's just improving gradually ,I really hope there is a drastic interests in the use of it ,so that those that invested from the start can really benefit from the system

The news is very important because it will be able to influence how people are thinking about the cryptocurrency world and also the confidence that they are tending to have in this financial system as well. That is a major detering factor. But there are many countries that are adopting it now so that is great to see.

 

[Flower]

The news is very important because it will be able to influence how people are thinking about the cryptocurrency world and also the confidence that they are tending to have in this financial system as well. That is a major detering factor. But there are many countries that are adopting it now so that is great to see.

The news forms an integral part of the fundermental analysis in cryptocurrency analysis. The news making rounds may change the decision of the crypto traders . That is why I take it as a very important part of trade as a cryptocurrency trader. The news comes first before the technical analysis.

 

[Mariappa45]

My own country is heavily hit with inflation, yet they aren't even feeling concerned about what cryptocurrency can offer to them. They aren't even happy that youths are making progress around cryptocurrency here in my country. The politicians wants to tarnish the reputation crypto has in the country by halting it's progress.

 

[AudraMiller]

The news forms an integral part of the fundermental analysis in cryptocurrency analysis. The news making rounds may change the decision of the crypto traders . That is why I take it as a very important part of trade as a cryptocurrency trader. The news comes first before the technical analysis.

That is the case when it comes to a decentralized system because it is only influenced by the supply and demand of a specific cryptocurrency coin at any given time and as a result news events can change how people are viewing the cryptocurrency market and how they are reacting to the different coins available.

 

[btaliat]

It is always better to save money in Bitcoin than it is in gold. This is because bitcoin has not really found the better outperforming coin which can compete favorably with it. Whereas there are ruby, diamond and other precious stones which can compete with gold. Hence its growth is not always rapid and may not be a good option to store money with.

 

[Wisdom01]

It is always better to save money in Bitcoin than it is in gold. This is because bitcoin has not really found the better outperforming coin which can compete favorably with it. Whereas there are ruby, diamond and other precious stones which can compete with gold. Hence its growth is not always rapid and may not be a good option to store money with.

I have really observed that Bitcoin is more volatile compared to gold , probably those that are willing to earn profit for not up to a long time could actually invest more in Bitcoin , Because it could actually be or exist as a preferable choice to make such type of decisions too tho

 

[BullyMaguire]

I read somewhere that gold shouldn't even worth that much but because we are made to believe it was precious it should worth a lot. I think in terms of investment the best is bitcoin out of two because it skyrocket anytime unlike gold. But terms of security as an investor still gold is superior for me

 

[Wisdom01]

I read somewhere that gold shouldn't even worth that much but because we are made to believe it was precious it should worth a lot. I think in terms of investment the best is bitcoin out of two because it skyrocket anytime unlike gold. But terms of security as an investor still gold is superior for me

gold is actually a worth more too for me ,I think with the facial value this have made people take the asset as something real and not only available in digital form , the only thing that tend to suprise me more is the fact that gold volatility is really very much low with look of things

 

[BullyMaguire]

gold is actually a worth more too for me ,I think with the facial value this have made people take the asset as something real and not only available in digital form , the only thing that tend to suprise me more is the fact that gold volatility is really very much low with look of things

Well i think the reason for that was because there's no fix supply.. the miners literally going to mines to try find golds so there would be some kind of ah limited supply and also very dangerous thing to do aswell . Not like crypto that whatever the creator wants the supply will be

 

[Ben Kempton]

The news is very important because it will be able to influence how people are thinking about the cryptocurrency world and also the confidence that they are tending to have in this financial system as well. That is a major detering factor. But there are many countries that are adopting it now so that is great to see.

@Wisdom01 - I reckon that gold and bitcoin are competing for a really long time and there are many people who have been preferring gold due to the fact that they think that gold is much reliable as compared to bitcoin as an asset and i cannot blame them for thinking that way. Each and every kind of investor has its own perspective. I have attached a chart that could help us to compare the performance of bitcoin and gold.

 

[Wisdom01]

@Wisdom01 - I reckon that gold and bitcoin are competing for a really long time and there are many people who have been preferring gold due to the fact that they think that gold is much reliable as compared to bitcoin as an asset and i cannot blame them for thinking that way. Each and every kind of investor has its own perspective. I have attached a chart that could help us to compare the performance of bitcoin and gold.

View attachment 213425

j believe that when it comes to volatility and rate of increase I would give it to Bitcoin , because of how performing it have been over the years compare to gold , the only thing i notuced about gold is the rate of volatility , which is not very high like that so majority preffering it might be the people that don't like high volatility coin

 

[magnus2022]

I totally disagree. Bitcoin can never beat gold in term of control of inflation. In fact, gold is the only true money because of its durability. When there is inflation in western countries, smart people go for gold. Never believe that bitcoin can withstand inflation and uncertainties like gold. Gold have universal acceptance. Even village people of Africa knows and values gold.

 

[Ben Kempton]

j believe that when it comes to volatility and rate of increase I would give it to Bitcoin , because of how performing it have been over the years compare to gold , the only thing i notuced about gold is the rate of volatility , which is not very high like that so majority preffering it might be the people that don't like high volatility coin

Gold is not performing that well either. This is due to the fact that the market of gold has declined so much in the recent times. During the bullish period of gold many people might have had purchased gold. We must also remember that since the U.S dollar has gained so much strength, the gold of gold has tumbled as well.