I decided to show this chart (and signal) considering all the global geo-political & economic situation - right now.
The better hedge game is ON
Any comments on this issue are highly appreciated
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Cryptocurrency vs gold: Precious yellow metal and bitcoins are two assets that are independent from the government. Both gold and cryptocurrencies are limited assets and hence prices of both of these assets appreciate or depreciate based on its demand and supply. As cryptos have been giving stellar returns amid uncertainty in regulations, there is a debate going on whether gold would lose sheen in race against bitcoins.
Speaking on similarities between gold and cryptocurrencies; Manoj Dalmia, Founder and Director at Proaasetz Exchange said, "Like gold, cryptocurrencies are also a limited digital asset as there will never be more bitcoin released. This makes bitcoins similar to gold in terms of scarcity. Unlike fiat money, where bank deposits can be depreciated due to inflation controlled by the government, both bitcoins and gold are independent from the government."
On how cryptocurrencies may give run for money to gold in asset segment; Vinshu Gupta, Founder & Director, Nonceblox Blockchain Studio said, "For long Gold has been the defacto hedge against inflation. It can be stolen, need to be stored and would usually need maintenance. It was one of the few trusted investments for old money but not anymore. Investors have started to look at bitcoins as future gold. It is purely decentralised, has no storage or maintenance issues and can't be stolen. Calling it only a hedge might not be full justice, I would rather call it the most lucrative asset on the face of earth and mars."
Vinshu Gupta went on to add that Cryptocurrencies median annual RoI (Return on Investment) is 408 per cent. "When we compare it with 5-7 per cent rate of inflation, bitcoins not only hedges your position but generates wealth for generations to come," Vinshu Gupta said.
Asked about cryptocurrency vs gold and better choice for hedge against inflation; Amit Gupta, MD at SAG Infotech said, "Many institutional investors seem to be turning to bitcoins, conceivably viewing it as a better investment option than gold, especially when it comes to hedge against inflation. In April, crypto exchange platform Coinbase revealed in its first-quarter report that the company hosted $335 billion worth of trades in that quarter, with more than $215 billion coming in from 8,000 institutional investors." Amit Gupta said that these deep-pocketed investors were encouraged to invest in bitcoins and other similar cryptocurrencies because of their inherent protection against inflation.
---- Credits to www.livemint.com/
The better hedge game is ON
Any comments on this issue are highly appreciated
-------------------------------------------------
Cryptocurrency vs gold: Precious yellow metal and bitcoins are two assets that are independent from the government. Both gold and cryptocurrencies are limited assets and hence prices of both of these assets appreciate or depreciate based on its demand and supply. As cryptos have been giving stellar returns amid uncertainty in regulations, there is a debate going on whether gold would lose sheen in race against bitcoins.
Speaking on similarities between gold and cryptocurrencies; Manoj Dalmia, Founder and Director at Proaasetz Exchange said, "Like gold, cryptocurrencies are also a limited digital asset as there will never be more bitcoin released. This makes bitcoins similar to gold in terms of scarcity. Unlike fiat money, where bank deposits can be depreciated due to inflation controlled by the government, both bitcoins and gold are independent from the government."
On how cryptocurrencies may give run for money to gold in asset segment; Vinshu Gupta, Founder & Director, Nonceblox Blockchain Studio said, "For long Gold has been the defacto hedge against inflation. It can be stolen, need to be stored and would usually need maintenance. It was one of the few trusted investments for old money but not anymore. Investors have started to look at bitcoins as future gold. It is purely decentralised, has no storage or maintenance issues and can't be stolen. Calling it only a hedge might not be full justice, I would rather call it the most lucrative asset on the face of earth and mars."
Vinshu Gupta went on to add that Cryptocurrencies median annual RoI (Return on Investment) is 408 per cent. "When we compare it with 5-7 per cent rate of inflation, bitcoins not only hedges your position but generates wealth for generations to come," Vinshu Gupta said.
Asked about cryptocurrency vs gold and better choice for hedge against inflation; Amit Gupta, MD at SAG Infotech said, "Many institutional investors seem to be turning to bitcoins, conceivably viewing it as a better investment option than gold, especially when it comes to hedge against inflation. In April, crypto exchange platform Coinbase revealed in its first-quarter report that the company hosted $335 billion worth of trades in that quarter, with more than $215 billion coming in from 8,000 institutional investors." Amit Gupta said that these deep-pocketed investors were encouraged to invest in bitcoins and other similar cryptocurrencies because of their inherent protection against inflation.
---- Credits to www.livemint.com/
Comment:
Comment:
at the moment bitcoin really struggles to beat gold as a hedge
but things can change at any moment
at the moment bitcoin really struggles to beat gold as a hedge
but things can change at any moment
Trade closed manually:
Comment:
gold update
gold wins
gold wins
Comment:
triple bottom > may be !
Comment:
bullish scenario for bitcoin
Trade active:
Comment: