Bitcoin Vs Gold in 2016 which was the better investment?
Now that we ate a little over 2 weeks away to the end of the year. Holiday season is here we should take a look at our current investments into Bitcoin and Gold. Many people have trusted into Gold as the safe haven for investments. If you take a look at the gold investment for the last 12 months you will see around 8% increase in that time which is still better than anything banks have to offer. But is it better than BTC?
Gold Chart Below:
Bitcoin told a different story in 2016. The exciting rollercoaster has now insured investors that its here to stay and that it could be the next gold. People still consider it to be way to volatile to invest into. How did it do is the question rite? Bitcoin increased 100% so far this year and i think we will get another 5-10% increase before the years up. If gold reached 10% it will only be equal to 10% of Bitcoins growth over the last 12 months.
Bitcoin 12 month chart below:
If you invested into either of these guys you are a happy camper you did well this year. What interest me more is if Bitcoin increased 100% this year and we still have so far to go what will the price be at the end of 2017? I have made some predictions already but what do you guys think about this? Should you buy Bitcoin is it really better than gold? I think it is and i have so many reasons why!
Remember when reading my topics about trading i only give you advice based on research and market analysis. Please only use this as a guide and do not hold me responsible for any losses. Keep trading and if you have any questions leave them below.
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