Gold vs. Bitcoin in 6 Years (2011-2017) Massive Growth! $10,000 Challenge...

in #gold7 years ago

Imagine that you have $10,000 at your disposal. You must spend all of it on either bitcoin or gold – no mixing and matching – and the assets will then be stored and cannot be accessed again for 6 years.

Which would you choose, Gold or Bitcoin?
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Well, let's not talk a lot about technical staff and let's keep it simple.

If you had to buy $10,000 worth of Bitcoin in Aug 2011 @ BTC price of $7 that would give you 1,428.5 BTC.
Let say theoretically you were able to huddle it for 6 year with out selling any fraction of it, which no one would have done anyway, because of the fear of pullback and missing all the high profit.

So, $10,000 / $7 = 1,428 BTC in Aug 2017.
Bitcoin-11-17.jpg
Bitcoin / USD, Monthly Chart, Bitstamp

For the sake of this challenge, let's go ahead and invest another $10,000 in Gold.
Gold in Aug 2011 was at all time high of $1914/oz. so if you were to buy $10,000 worth of Gold, you were to get 5.224 oz of gold. You also huddled that for 6 years without selling.

So, $10,000 / $1914 = 5.224
GOLD-11-17.jpg

Now, after you have seen those charts, apparently now you know for certain what is the answer and what to investment to choose for the next 6 years or even the next 20 years.

Example (ROI) Return on Investment
Bitcoin: 67,971%
Gold: LOSS

USD in 6 YEARS
Bitcoin $10,000 in 2011 = $6,796,803 (YES MILLIONS)

Thoughts, I'm not saying you shouldn't buy gold for security and financial stability, actually you should. When everything goes down, nothing will stand except Gold and Silver. However, investing in gold for profit and gain over years that what I think is a huge miss of opportunity.

Thank you for reading, I would love to hear your thoughts too...