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RE: Crypto Vs. Gold - What Should You Be Investing In?

in #cryptocurrency6 years ago

Crpytocurrencies are a far better investment. Bitcoin is basically like Gold 2.0, and Litecoin is Silver 2.0

In fact, it may be a bad time to invest into gold and silver over the next few decades, because a lot of people might sell them to diversify their holdings into cryptocurrencies. This will cause their value to go down. Also, the global economy is stabilizing and starting to expand, so people will not feel the need to hold so much of their cash in precious metals anymore.

I would not be surprised if gold and silver lose up to half of their current value or more within the next few decades due to both cryptocurrencies AND a stabilizing and growing global economy.

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Ive owned Bitcoin for 2 years since it was $250 if you ask me things are still over priced... Considering the amount of dilution that has been taking place from ICOS and the falling price its a signal that a hard asset like gold is a safe bet during possible bear markets. The coinmarketcap is still down about 50% since the beginning of 2018

Coin Marketplace

STEEM 0.19
TRX 0.16
JST 0.030
BTC 66050.37
ETH 2629.02
USDT 1.00
SBD 2.68