Assalamu Alaikum
Alternative Coins
|Profitable aspects| |-| Alternative coins can yield multiple profits in a short time, and if you invest in projects with good fundamentals, then there is a possibility of getting big returns in the future,Risks |
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Alternative coins fluctuate in price very much, and if someone makes a mistake in investing in camp technology, then there is a high possibility of losing the entire investment money,
And the biggest problem here is that due to the large fluctuations in price here, one has to suffer losses due to investing for a long time,
Gold
Gold has been used as a safe asset since ancient times, it can be protected from inflation, when inflation occurs due to economic problems, the price of gold increases, and in almost all countries of the world they are also kept as gold reserves in central banks as reserves,
The price of gold is rising,
Day after day it is gradually going up,
Limitations |
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It is possible to get low returns from alternative coins, it keeps increasing in price steadily, and there are security risks such as loss or theft, various rules in investment, etc.,
Topic | ALTS Coin | Gold |
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Profit Potential | ✅ High | ❌ Limited |
Security | ❌ Low | ✅ High |
Investment Time | ✅ Short Term | ✅ Long Term |
Risk Factor | ❌ High | ✅ Low |
But the most interesting thing is that Crypto Currency has Gold Backed Coins, PAXG, Xaut, these basically work like Stable coins, when the price of gold rises, its price rises, when the price of gold falls, it falls,
I hope everyone understands, I am ending here today, everyone be well, Allah-Hafez
https://x.com/RakibInsid68546/status/1914144553998647395
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Altscoin VS Gold Which is more profitable and safe? Is a great post you have make and shared.
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I think that in the current situation gold is a better option as compared to many other coins.
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