Which is more profitable to invest ,gold or cryptocurrency ?

[Hafsa]

in my opinion, cryptocurrency is more profitable for investment. due to rapidly changing the rate of different currencies, cryptocurrency has many advantages .it is a rapid way of investing. I would choose the cryptocurrency investment rather than the investment of gold.

 

[Donolatunji]

In the previous year or something like that, numerous examiners and others in the realm of financial matters have anticipated a downturn. After numerous long periods of buyer market, financial specialists worried about this chance may unexpectedly start searching for an approach to move their interests into more steady places of refuge.

The conventional move is support against stock instability with gold. This has demonstrated a powerful strategy before, however a fresher option is testing the outdated place of refuge. Dispatched in 2009, bitcoin introduced another period of advanced monetary forms. As the main cryptographic money, bitcoin has large numbers of properties of a cash, yet for certain remarkable highlights that could make it a feasible sanctuary. Eventually, however, it stays up to the individual speculator to decide whether bitcoin is a reasonable safe space in the midst of market inconvenience.

There are a few factors that make gold a solid place of refuge resource. It's significant as a material for customer products, for example, gems and hardware, and it is scant. Despite interest, supply remains lopsidedly low. Gold can't be produced like pany gives new offers, or a government bank prints cash. It should be uncovered starting from the earliest stage handled.

 

[Planet408]

Gold and crypto currency are of high value. The important thing is to do your investment at the right time. What I mean is buying gold or crypto currency when the price drops. This will enable you to earn huge profits any time it appreciates in prize and value.

 

[Aniwhyte]

If I have enough fund I will surely and definitely invest on cryptocurrency, ever since cryptocurrency came on board no one is talking about good like we used to talk about it in the past, cryptocurrency is the new gold on board. I'm sure going to invest heavily on cryptocurrency when I have enough funds at hand.

 

[Conorj]

for me i think cryptocurrencies is more profitable.. because it is not control by anyone nor government.. but anyway i don't really know much about gold.. but if anyone could enlighten more about gold will be really helpful.

 

[Iamsodex]

Trading Bitcoin and other crypto currency is more profitable that gold because of its volatile nature but you need to also keep in mind that the volatility in the crypto currency market can also make you loose alot of money if you trade without good knowledge or skills.

 

[Hammad1245]

Go

I am a strong lover of cryptocurrency ,but at times I hear people promote gold investment . I am of the opinion that the higher volatility with cryptocurrency gives it a she over gold.
Please share your opinion about these types of investment .

Gold is the stable investment and its value will definitely increase with respect to dollar. On the other hand crypto is not stable. The value may decrease making you disappointed. If you want to earn profit without risk invest in gold.

 

[Abibatabosede]

Both investment are profitable but I prefer gold to crypto currency because it is more physical, I believe it will be more reliable than crypto currency. I do buy gold offline, keep it and sell when it appreciate or when I am in need of money.

 

[Janita]

Of I talk about crypto currency so it's price is changing day by day like some time it It increase and some time decrease but when it comes to gold side it's profitable and will safe your money till end time because it's price is only increasing not decreasing if in case it goes down so it's Fall price is very little and comes to own place very fast.

 

[btaliat]

Both are very good asset to keep for investment. Gold can never depreciates in value due to its limited supply and rare in nature. And it is a good raw materials for many accessories and jewelleries. Crypto on the hand gas high tendency of making an investor a millionaire in a blind of an eye

 

[Adebayonle7]

I have little or no knowledge about investing in gold but even a child knows that gold is a very expensive commodity. Although crypto currencies are on their own rise and fall daily and even every seconds and are profitable but it's a calculated risk and other times, you can't even calculate it at all. If gold doesn't fall in value, I will advise it as the better option but if it does, the high risk in cryptos remain their difference.

 

[kayode10]

God still remains one of the rare commoditiee in the world. This makes it more valuable and attract higher Price tag. In my own opinion I think it is better to invest in gold than cryptocurrency. The reason is that the supply is not enough for the demand on gold. cryptocurrency like bitcoin still subjected to the market force of demand and supply.

 

[Chumzy]

Truth is there is a clear difference between profitability and safety and that is what is important. Bitcoin and the rest cryto currencies have a high rate of fluctuations in terms of price and that means a higher reward and risk. Gold on the other hand doesn't fluctuate as much ad crypto, and it is a store value hence safer but less profitable.

 

[Usman Sattar]

Gold and Bitcoin are weird.

Neither here nor in any practical sense is particularly useful. The promise of a bitcoin as a regulated digital currency remains. And no one carries gold around in their hip pockets to buy goods or services.

While both are "mining", their only real-world or virtual applications are known as a tool of pure speculation - or as safe haven assets.

 

[Kinglegend01]

I don't know much about gold except from the fact that Its worth alot of money for a very long time now and its worth is not volatile. But cryptocurrencies is a subject that I know much about, at least way more than what i know about gold. So, to choose would be really difficult for me but I think my choice would be gold if I do have the money of getting one.

 

[adazeez1995]

I believe the era where gold was very valuable was in the ancient times. But in today's world, there's no sufficient proof that gold still exists in large quantities as before. Crytocurrency are the most recent and has a very bright future than gold. Also, they are very portable and available and can be owned by anyone anywhere in the world, unlike gold.

Post automatically merged: Jan 27, 2021

I believe the era where gold was very valuable was in the ancient times. But in today's world, there's no sufficient proof that gold still exists in large quantities as before. Crytocurrency are the most recent and has a very bright future than gold. Also, they are very portable and available and can be owned by anyone anywhere in the world, unlike gold.

 

[Seun4luv]

Bitcoin is a better investment for short-term potential gain—but you also have the potential to lose a lot of money. Gold is however, is a stable investment that is almost guaranteed to return on your investment in the long term.

 

[Neeta313]

They are both profitable to be honest. Just as how cryptocurrency appreciates, gold appreciates as well. If you hav enough money you can do both, but if you want to do just once, then study both of them, do proper research and settle for the one that you feel is better for you.

 

[Khezo]

They are both good cryptocurrency is very good profitable business god is a very good basketball business also so you just have to choose the one you know he will pay for 4 for me I would say go with but for now I think I don't really have much capital to start the good investment business but when I do have it I will try invest in gold instead of cryptocurrency

 

[Kiko]

I'll go for cryptocurrency which bitcoin. Bitcoin is an electronic payment system that exists beyond the control of any central government. It was invented by a person, or people, known as Satoshi Nakamoto, in 2009. As a fledgling endeavor, it has endured wild price swings during its almost decade-long tenure. Bitcoin, along with blockchain technology, hopes to one day replace government currencies as the means by which people exchange payments.