Gold, Bitcoin or Stable coin. What to choose?

Platinum
Platinum
Nov 5 · 2 min read

Hey folks! I often received a question in private messages about what is the best way to save money.

Let’s start with the traditional one. Gold is one of the oldest assets in the world. It costs a good fortune today, as well as yesterday and most probably will have a value tomorrow.

The problem with this shiny thing is that if you want to buy physical gold you have to pay taxes to banks or government. In some places, you pay up to 50% taxes. If you want to buy digital gold, there a whole bunch of security issues. I want my Gold to be next to me, not on someone else’s web-site in digits that means nothing to me.

Bitcoin.
There are two things. First, you don’t buy BTC to save it up. Most probably when you buy Bitcoin you want to earn. The second thing is… Nobody on Earth knows how much BTC will cost tomorrow. NO ONE. Not even SEC or Spirit of Bitcoin if it exists. It might be $100 000 might be $100. We don’t know. So it is not really about saving.

Stable Coins.
Stable coins were on are hype during the whole year 2019. Here you got to be careful. If you invest in USDT, bare in mind that they claim to be 1 USDT = 1 USD but they never let anyone audit their bank’s accounts. Who the hell knows how much they have on their accounts if they have anything at all.

Next generations of stable coins are much more transparent and secure. As you probably know I am a big fan of USDQ coin. They created a smart contract that runs the show. You cannot issue a penny unless you collateralized Bitcoin. For every USDQ, they have 200% of Bitcoins with a strong security system behind.

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Those are just thoughts in my head. None of them are investment suggestions. By making investment decisions you are 100% responsible for the outcomes.

Be safe and save wisely.

Platinum

Platinum is the first and the biggest Blockchain Growth Promoter and Business Facilitator of new generation, with more than 100 clients in portfolio.

Platinum

Written by

Platinum

Platinum.fund is an international STO/IEO/ICO/POST ICO consulting, promotion and fundraising company.

Platinum

Platinum

Platinum is the first and the biggest Blockchain Growth Promoter and Business Facilitator of new generation, with more than 100 clients in portfolio.

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