
Which asset is more profitable gold or cryptocurrency?
Advantages of gold:
Gold's value has been rising since ancient times. Obtaining gold is very expensive since gold is a relatively rare metal. The price of gold tends to rise more slowly than crypto assets, but gold is still the first investment choice for many investors. Gold will never fade with time, and there is a physical asset behind its value. That makes gold investment safer and more profitable. In many cases, the basis of gold collectors is to maintain the value of their wealth, not to make huge profits.
Advantages of cryptocurrency:
Cryptocurrency assets do provide massive benefits due to the violent price volatility. The price changes of cryptocurrency assets can sometimes increase by tens of percent over the course of a few days. Prior to its issuance, the price of a newly issued cryptocurrency asset may increase by thousands of percent.
Because the price changes of crypto assets are sensitive to the trading behavior of crypto traders. Crypto assets are highly traded. Some reports state that the trading volume of crypto assets can exceed that of foreign exchange.
Therefore, cryptocurrency assets can indeed provide substantial benefits for investors or speculators. Because no cryptocurrency asset can retain its value for decades like gold, I call it speculation.
Gold's value has been rising since ancient times. Obtaining gold is very expensive since gold is a relatively rare metal. The price of gold tends to rise more slowly than crypto assets, but gold is still the first investment choice for many investors. Gold will never fade with time, and there is a physical asset behind its value. That makes gold investment safer and more profitable. In many cases, the basis of gold collectors is to maintain the value of their wealth, not to make huge profits.
Advantages of cryptocurrency:
Cryptocurrency assets do provide massive benefits due to the violent price volatility. The price changes of cryptocurrency assets can sometimes increase by tens of percent over the course of a few days. Prior to its issuance, the price of a newly issued cryptocurrency asset may increase by thousands of percent.
Because the price changes of crypto assets are sensitive to the trading behavior of crypto traders. Crypto assets are highly traded. Some reports state that the trading volume of crypto assets can exceed that of foreign exchange.
Therefore, cryptocurrency assets can indeed provide substantial benefits for investors or speculators. Because no cryptocurrency asset can retain its value for decades like gold, I call it speculation.
Dec 15, 2021 20:36