Gold and Bitcoin are two different investments

In the last few months, I have been seeing many people saying not to invest on Gold but invest in Bitcoin. I wanted to take some time today and share my thoughts on this. I understand that the price of BTC has been really good in the past month but at the same time, it also doesn't mean that people should take their money out of every damn investment they have done and invest everything in BTC. I personally think these kind of statements are made by people who have no idea about BTC or anything to do with cryptocurrencies. My wild guess is that they only have high level knowledge and have no deep understanding of how crypto stuff works.

I understand BTC is having a very good time right now pumping toward a new all-time high. It already crossed the previous all-time high and has set a new ATH. This doesn't mean that people can blindly invest in BTC right now. There is a huge fear in the market that BTC will go down again because the maximum price has been reached. Many people might start selling their BTC holdings or exchange them for other altcoins. Maybe we can predict to some extent that a good time for Altcoins might start soon but I wouldn't say that BTC will keep going upward right. In the long run, it will never stop and keep going but right now it is not a good idea to invest for short-term profits in my opinion.

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Comparing Gold and Bitcoin

As I said Gold is a different investment and Bitcoin is a different investment. Both are good investments and any person should be doing both the investment. Many people are having a considerable amount of gold and a considerable amount of BTC too. Many people make use of the opportunities that BTC creates and then trade other coins. That is also another nice strategy. People who are not familiar with BTC or any crypto stuff might find Gold to be the safer investment.

I also consider Gold to be a safer investment because if we invest in a Gold bond, we not only get the benefits if the price goes up but at the same time we will also get a few percentage returns from our investment for holding the bonds. This is an additional bonus that we don't get when we purchase Physical Gold. There is also another perspective where people may not believe in bonds and would like to invest directly on physical gold.

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At this time of the market, it is not very good to call people out to sell their holdings on Gold and purchase BTC. I understand that BTC will never stop and it will only keep going up. But that doesn't mean that we have to break another investment in the real world to invest in the crypto world considering the risks we have in the crypto world investments.

I think it will be wise to hold both BTC as well as Gold and it can be wiser if we can grab some BTC when the price drops again. Buying BTC by selling gold at the all time high price is not a good idea and maybe it can give profits but not immediately. It can take another few years before BTC hits another all-time high value. Today people who had bought BTC for a few hundred are enjoying their bounties. Surprisingly most of those people are rich enough and they are just watching the price go up.

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