Nowadays, it is better to invest in gold than in cryptocurrencies, if you are interested in learning

[Eileen]

Growth potential: Cryptocurrencies like Bitcoin have experienced significant growth in a relatively short period. For instance, Bitcoin's price surged from a few cents to over $60,000 in just over a decade. In contrast, gold's value tends to appreciate at a slower and more stable pace.

Market liquidity: Cryptocurrency markets operate 24/7 and offer high liquidity. Investors can quickly buy or sell cryptocurrencies on various exchanges globally, providing flexibility and accessibility. On the other hand, gold markets have specific trading hours and may involve physical storage and transportation challenges.

Diversification opportunities: Cryptocurrencies offer a wide range of options for diversifying an investment portfolio. With thousands of different cryptocurrencies available, investors can choose to invest in various projects and blockchain technologies, spreading their risk across different assets. Gold, in comparison, represents a single asset class.

Technological innovation: Cryptocurrencies are built on blockchain technology, which has the potential for significant innovation in various industries beyond finance. For example, decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and smart contracts are all products of blockchain technology. Investing in cryptocurrencies allows investors to participate in and support these technological advancements.

[Eileen]

Preservation of value: Gold is considered a reliable store of value. During times of market turmoil, such as the global financial crisis in 2008, the price of gold tends to rise as investors seek safe-haven assets. For instance, during the 2008 financial crisis, the price of gold surged, providing investors with a means to preserve and grow their wealth.

Portfolio diversification: Gold can serve as a diversification tool within an investment portfolio. By including a portion of gold in an investment mix, investors can mitigate overall portfolio risk and provide a hedge against market volatility. For example, some investors allocate around 10-20% of their assets to gold to balance the risks associated with other investments.

Liquidity: The gold market offers a high level of liquidity, allowing investors to buy or sell gold at any time. Gold trading is typically available 24 hours a day, providing convenient opportunities for investors to enter or exit positions.

Historical stability: Gold has demonstrated a long-term history of relatively stable returns. While its price may experience short-term fluctuations, gold has shown the ability to preserve its value and achieve moderate growth over the long term.

Examples:

2008 Financial Crisis: During the financial crisis, stock markets plummeted while the price of gold soared. Investors who held gold during this period experienced significant preservation and appreciation of their wealth.

Gold ETFs: Gold exchange-traded funds (ETFs) provide an investment vehicle for purchasing gold on stock exchanges. Certain gold ETFs have delivered solid returns in recent years, offering investors the opportunity to profit from the performance of gold.

Central Bank Reserves: Many central banks hold substantial amounts of gold as part of their reserve assets. This indicates the recognition by central banks of gold as an important asset to safeguard national wealth and reserves.

[LongDonSilver]

Thank you for your delightful insight and also for not spamming a forum for gold discussions with useless information on a subject other than gold. I for one will now sell all my gold and invest my entire wealth in crypto ASAP.


OBTW, I had my fingers crossed when writing this.

[yellowsnow]

https://gold-forum.kitco.com/showthr...92#post1981692

[Eileen]

Today, Monday, we still first look at the weekly level, in fact, in last week's time is already to give you a tip over, the weekly K-line pattern on the continuous negative, although the current decline is not strong, but the trend is still obvious, the price is in retracement of the low, with chart indicators dead fork down, which is why I stressed this week or bearish thinking reasons. The big cycle determines the small cycle trend, the small cycle can only affect the big cycle trend, this is certain.
June 19 bitcoin (BTC) contract technical analysis: today, the large cycle daily level yesterday reported a small negative, the overall fluctuation is not big, after all, is in the weekend, but also give us a signal, pressure high position near the 26900 region has been the second pressure retracement position of the impulse high, then resistance Still relatively strong, coupled with a comprehensive view of the trend of the general cycle, this position is the defensive position; short-cycle hourly chart weekend continuous oscillation down trend, but did not break last Friday's retracement correction low position, so that the weak trend is still not obvious, but the four-hour chart current dead fork, the average resistance position again 26500 region, so today's BTC short term contract trading strategy: counter-take 26500-26550 area empty, stop loss 26900 area, the target look 25800-25600 area;
June 19 Ether (ETH) contract technical analysis: today, the large cycle daily level yesterday reported a small negative, K-line pattern in even the sun rose under pressure in the 1780 area after the first time the closing negative retracement, the price of low oscillation, the average key support position again 1711 area, downward broken then there will be a continuation of the fall, not broken today or shock situation; short-period hourly chart weekend shock prices do not break high not break low, the current still in a horizontal state, but the four-hour chart mean resistance position 1730 area, with chart indicators more kinetic energy shrinkage, fast and slow lines have signs of dead fork, so today ETH short term contract trading strategy: rebound 1730 area empty, stop loss 1751 region, the target look at 1680-1660 region;