Better late than never

TotallyLost@TotallyLost

11H

Say people who have Fomo. 😂

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Andi@BuyLowStretchHigh_

11H

@TotallyLost Nope, gold is always a long-term investment
Proven over decades has nothing to do with Iran now

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GAE@The_Investo_tte_r

8H

@TotallyLost say people who hold BTC 😂

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TotallyLost@TotallyLost

8H

@The_Investo_tte_r since 2017 and through 3 bear markets with -70% each 💪

€6,228.46 deposited and €41,770 realized profit and I still have about half of my $BTC

Besides, it's a bit poor to make fun of other people's portfolios when you've set your own to private.
You can only win a dick comparison if you are prepared to unpack.

😘

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GAE@The_Investo_tte_r

8H

@TotallyLost I'm not making fun of a portfolio. I just don't share the view that investing in gold is ever fomo, as long as it's long-term, and that I don't understand the idea behind BTC.

Personally, I am invested in gold - since 2021 and not (anymore) in BTC. I have gambled with crypto, but it has never been an investment for me.

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TotallyLost@TotallyLost

7H

@The_Investo_tte_r Well then, all's well.

Whereby the idea of BTC is the same as that of gold.

People want to believe in something and interpret properties into inanimate objects.

There is no other explanation for people believing that a yellow metal / P2P network is a store of value.

In the end, you can only make money with both if someone else is willing to buy it for more.

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GAE@The_Investo_tte_r

7H

Yes and no. There is still a use behind gold, be it jewelry or technology. BTC even has better alternatives in this area.

And physical investment options will always be superior to digital ones, because if the worst comes to the worst - gold can be handed over without further ado. BTC cannot.

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TotallyLost@TotallyLost

5H

@The_Investo_tte_r Yes, gold is 20% industrial demand and 80% speculation.
BTC is 100% speculation.

It's like asking whether you want 100% stocks or 80% stocks 20% bonds.

Some want to be offensive others a bit more defensive.

And why can't I hand over BTC without further ado?
What kind of scenarios do you want to prepare for?

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