The best investment since Nov 2021 - GOLD or BITCOIN ? - FACTSThe Main Chart is the chart from BITFINEX that trades Bitcoin to Gold DIRECTLY
I look to this often and find it a MUST See to compare the two assets.
This is Not done to try and make BTC like GOLD but that they are both investments with returns,
It is as simple as that
But which one has the higher return ?
I have taken the November 2021 Bitcoin ATH as the Datum point. a Worse case scenario for Bitcoin.
Bitcoin Directly to Gold.
As you can see on the main chart. If you had sold your Gold into Bitcoin and Just Held since Nov 2021, you are currently at a slight loss. Less ounces of Gold to one Bitcoin.
It is as simple as that. But PA has fallen from Above the buy price recently.
But to also mention, if you had bought Bitcoin with your Gold at the Bottom in Jan 2023, that is a 360% Rise in Value DIRECTLY OVER GOLD as opposed to the -75% Losses from ATH to Low.
Nothing else does that
Lets look at a comparison Via 100 USD investments into each asset
GOLD USD CFD
Let us say we invested 100 usd in Nov 2021 at the Bitcoin ATH that year.
Since then, there has been a 62.71 % increase in price; from your buy price, if you simply just held your investment.
This gives you 162.71 usd currently
PA had risen 12% from that date but then dropped 22% to the low. From the Low, PA has risen 89 % and if you had Traded your investment, selling high, buying Low, you would now have 211.68 usd currently
Now to Bitcoin - again, 100 usd invested at the ATH in Nov 2021
100 invested in Nov 2021 currently has a 24.68 % increase from Buy price. if you just HODL, off the 2021 ATH and so you would have 124.68 currently
From that ATH point, we saw a Loss as PA dropped 77.2% to the Low but then Rose up 596% from the Low.
If you traded , Depending on when you sold your bad 100 investment , the gains are different But lets say, you sold what was left of your 100 at the slight rise in PA in March 2022 - that was a loss of 28.5%, leaving you 71.5 usd
Wait till the Low in Jan 203 and then continue Buy Low, Sell high, you currently have 743 usd , having sold the top at 109K and waiting for the next Low
So, in summery, from 100 usd investment in Nov 2021 BTC ATH
GOLD
HODL 162.71 - Traded 211.68
BITCOIN
HODL 124.68 - Traded 743.34
The ONLY REAL Loss currently is with the BTC GOLD pair, where BTC is -20% currently off Buy price, having fallen from HIGHER than Buy price recently,.
However, PA is on the lower trend line, as you can see in the chart, and the expectation is for a Strong Bounce over the next few weeks..This will set BTC off towards that magical 50 ounces of Gold per Bitcoin.
But it has to be said, the journey if you held Bitcoin having sold out from Gold has been painful.
Tthat pain is about to end, very possibly forever.
Trading is not for everyone and Hitting the perfect High or Low point is almost impossible.
But the Gains are there in Bitcoin against Gold if you even do basic trading.
And, inmy opinion, if you have gold....SERIOUSLY think abot Bitcoin now.
Gold is OVERBOUGHT on many timeframes....
Bitcoin is not...................
