Gold v Bitcoin: It's Time!

Nowler

Experienced member
1,526 228
Only 20mins in myself, so dont know the outcome of the debate.

Been waiting for this ever since Frank started calling Michael out!
 

sebking1986

Active member
195 65
To be fair looking at the date of the OP and then price at the time vs ATH it is probably quite even. That being said BTC has been pushing on since then whereas gold hasn't got going. December will be an interesting month for both with recent CPI data and the prospect of increased interest rates around the corner.
 

Nowler

Experienced member
1,526 228
This is where a lot of you go wrong.

You fail to understand the role of gold.

I'll repeat, gold and BTC do not do the same thing. They are in different leagues.

1 is an investment, and the other is a speculation. 1 has intrinsic value, the other does not. 1 is a store of value, the other is not. 1 is a manic bubble, the other is not.

You don't buy physical gold to get rich. You buy it to preserve what you have.

BTC on the other hand is being bought by those who aim to get rich off it. And I hope they do.
 
 
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