Safe-Haven assets

[Ophilia]

Look at the two so called 'safe-haven' assets. Hedge against inflation?? Why!!?

 

[ImogenBeaumont]

So, your view on these assets is short-term growth?
That's not the point, you count on their eventual and inevitable rise, and that's why you invest in them. In comparison to fiat, both of the above offer a better value in a long-term prospect.

 

[PhoenixJ]

So, your view on these assets is short-term growth?
That's not the point, you count on their eventual and inevitable rise, and that's why you invest in them. In comparison to fiat, both of the above offer a better value in a long-term prospect.

Agree with you to some extent.
Gold will always be the best asset to turn to, always, but I have strong doubts about crypto! Although, I do like investing in them, but the taxation is crazy and not worth it to be honest.

 

[ImogenBeaumont]

Agree with you to some extent.
Gold will always be the best asset to turn to, always, but I have strong doubts about crypto! Although, I do like investing in them, but the taxation is crazy and not worth it to be honest.

The taxation depends on where you are, and under what rules you are taxed. Not everybody lives in the US with those weird taxing rules they have over there. Gold is the king of assets, no doubt. BTC is the king of crypto, it's your choice where to put your money. But if you are from the lucky/smart ones who joined the crypto train early on, you will never bet against BTC.

 

[Ophilia]

So, your view on these assets is short-term growth?
That's not the point, you count on their eventual and inevitable rise, and that's why you invest in them. In comparison to fiat, both of the above offer a better value in a long-term prospect.

Missing my point there dear.
I was pointing out the sudden crash of both assets simultaneously.

 

[Ophilia]

The taxation depends on where you are, and under what rules you are taxed. Not everybody lives in the US with those weird taxing rules they have over there. Gold is the king of assets, no doubt. BTC is the king of crypto, it's your choice where to put your money. But if you are from the lucky/smart ones who joined the crypto train early on, you will never bet against BTC.

Yeah, but I do and guess what, IRS just put out a new taxation law: https://www.coindesk.com/policy/2024/08/09/irs-shares-new-crypto-tax-form-invites-industry-input/

 

[Ophilia]

Agree with you to some extent.
Gold will always be the best asset to turn to, always, but I have strong doubts about crypto! Although, I do like investing in them, but the taxation is crazy and not worth it to be honest.

I disagree with you totally! BTC is the best asset to have as a digital currency. While Gold is the best real asset you can have.

 

[Amadeus Vega]

Missing my point there dear.
I was pointing out the sudden crash of both assets simultaneously.

They are responding to geopolitical events going on. But I agree with @ImogenBeaumont These assets have long-term returns. Look at this chart, constantly rising up. That's an asset you can trust. Although I personally don't approve cryptos or even Bitcoin because I truly believe it will crash harshly soon.

 

[ImogenBeaumont]

Yeah, but I do and guess what, IRS just put out a new taxation law: https://www.coindesk.com/policy/2024/08/09/irs-shares-new-crypto-tax-form-invites-industry-input/

Now it just sucks harder to be trading crypto in the U.S mate.

 

[ImogenBeaumont]

Yeah, but I do and guess what, IRS just put out a new taxation law: https://www.coindesk.com/policy/2024/08/09/irs-shares-new-crypto-tax-form-invites-industry-input/

But tell you what, if DJT takes office, everything will be much better for the crypto, U.S situation.