Careful also suggesting that gold is more suitable than bitcoin, since bitcoin is around 1,000x superior to gold, so it could be problematic suggesting too blanketedly that gold is better than bitcoin, when it may well not be... of course, depending on details of a business...
yet of course in the context of a business, there are operational cashflows, and bitcoin might not be suitable for those kinds of matters, unless the bitcoin is just used in spend and replace kinds of ways, since bitcoin does tend to need to have something like a 4-10 year investment time line so that it ends up serving as investment rather than a trade (or a gamble).
whoever that's suggesting that gold is more suitable to invest in than bitcoin is only contradicting himself and misleading the public. perhaps the individual doesn't know what the term ''suitability'' means. Not only that bitcoin investment is 1,000x superior to gold and have the highest potential value in long term return of investment, of course the evidence are there looking at the performance of bitcoin since its inception till date and still moving. bitcoin is more suitable, flexible and affordable to all and sundry to invest in, it doesn't matter the level of your income, you don't need to be wealthy or financially buoyant before you can get started in bitcoin investment. all you need is just a discretionary income even as low as $5 and you can use and buy bitcoin and hold for the long term goal. very few around the world are into Gold investment, but if you go by the number of people into bitcoin investment, its much higher than those into gold, reason is simply because bitcoin is more suitable, affordable and flexible and also within reach.
bitcoin investment provides a bit of comfort and is suitable in so many ways compare to Gold, you cannot move everywhere with your gold as a gold investor, but with bitcoin investment you can move with just your mobile phone or gadget where your bitcoin wallet is and no one will even noticed you're a bitcoin investor.
Yes, I agree with this, because there are many possible comparisons between gold and Bitcoin. First, gold is difficult to carry around because it's physical (although there are also digital versions, but I think that's still less convenient). This makes it vulnerable to theft or being dropped while carrying it. However, with Bitcoin, it's no hassle, even if we move house or even to Antarctica. As long as we know our Bitcoin wallet password, we can take it with us and access it anywhere as long as we have a phone and internet. So, in essence, these points are undeniable, and Bitcoin is indeed superior.
Furthermore, gold has a vast supply, and it's impossible to predict how much gold there is on earth. Therefore, the price of gold tends to be difficult to increase, because its supply is practically unlimited. Furthermore, when investing in gold, there are also many people who may be scammed. The proof is in my place. This is a true story, and it happened to me. So, the story goes, I bought gold for my wife when the price wasn't as high as it is now. But strangely, when I recently tried to sell it (because the price had risen), the value didn't increase, and I was actually hit with a deduction penalty.
So, that's why I'm increasingly convinced that investing in gold isn't a good idea. It's better to invest in Bitcoin, as it offers far more promise than gold.
