GREY:RNKLF - Post by User
Post by
KingKongon Feb 19, 2019 11:37am
102 Views
Post# 29382558
Gold vs Bitcoin
Gold vs Bitcoin I'm not sure if people understand this.
Gold has technically created a bunch of bagholders,
in comparison to Bitcoin.. Everytime Bitcoin has went into a bull market to create a high, it has created a newer high afterwards,
and that isn't the case for Gold actually. People say gold is a store of value right, I agree, kinda.... It depends on what you consider a "store of value." Because technically, since Aug 2011 Gold has been in a bear trend, and it appears as though they've made a double top, unless Gold creates a newer high..
Gold had lost nearly 50% of its value from 2011 until Nov 2015! 4 year bear market, and Gold technically may continue lower. People need to realize that Gold went as high as $2,200.00 in January of 1980, and dropped nearly 75% afterwards in a 21 YEAR BEAR MARKET. Nice STORE OF VALUE! Bitcoin on the other hand has much faster boom & bust cycles. I wouldn't be surprised if Bitcoin retested it's 2017 ATH before Gold retests its January 1980 ATH! Bitcoin has provided greater returns since 2015 than owning an ounce of Gold at spot price since 1975, even after Bitcoin has fallen from recent All Time Highs. This trend will continue, and those are not only my words. Bitcoin can be part of your portfolio, even if its only 5%.
https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
Eat those facts for breakfast in the morning!