How true is this statement?

[Coyster]

Now the price of Bitcoin has reached $ 30K while the price of gold, for example, is $1,500. What percentage of profit did the father get from investing in gold and how much profit would he get if the father had been investing in Bitcoin since he was 20 years old.

Every investment asset in the market today has its own characteristics, Bitcoin is pretty volatile and its short term movements might not be convincing, especially for short term investors, but in the long term Bitcoin performs better than most assets in terms of appreciation in price, but it isn't every investor that's looking for that, some want a safe haven (store of value) asset which Gold is, and Bitcoin isn't, thus many people would invest in gold and hedge their wealth in it, or they'd just diversify between the two assets. Another thing is Bitcoin isn't close to 40 years (the period for which the hypothetical father has been investing), but gold has been around far longer than that and has proven to be a safe haven asset.

[HajiBagi]

Ultimately, it's a free world. For me, Bitcoin is a good long-term investment, and nothing can change my mind.

If you do a blockchain scan, you will find thousands of crypto whales wallet addresses that have been holding millions of dollars in the same wallet for years.

Holding coins for the long term doesn't make your wallet weak or something, if you don't do anything stupid your coins will be where you keep them, all you need do to is keep your private keys safe.

Have you still not figured it out or do you still have doubts? Invest in a hardware wallet, it's the safest option.

If you properly secure your coin, there is nothing wrong with holding it for a long time. I've observed a lot of people who hold their coin for a long time in order to save it for later use or until they are happy with the profit made at the time. I think those who are unsure about that are uncertain about their investments.
There isn't a wallet on the market that isn't secure, unless you share your private keys with others or you invest irrationally and lose money. Keep your private keys safe, and never doubt a wallet.

[yazher]

He is speaking about bitcoins without knowledge and obviously, he is hostile against bitcoins and it's understandable that he hasn't any good thing to say about it. Well, if you want to know how long-term investment of bitcoins really is, see the people that have been holding it for 5-10 years and compare their statement to this idiot who was been talking like this because he is the biggest fan of banks. You better do your own research regarding this and not listen to those people who are cutting every opportunity you have with bitcoins by fooling you around with their trash statements.

[BTCGalaxyA12]

Now the price of Bitcoin has reached $ 30K while the price of gold, for example, is $1,500. What percentage of profit did the father get from investing in gold and how much profit would he get if the father had been investing in Bitcoin since he was 20 years old.

Every investment asset in the market today has its own characteristics, Bitcoin is pretty volatile and its short term movements might not be convincing, especially for short term investors, but in the long term Bitcoin performs better than most assets in terms of appreciation in price, but it isn't every investor that's looking for that, some want a safe haven (store of value) asset which Gold is, and Bitcoin isn't, thus many people would invest in gold and hedge their wealth in it, or they'd just diversify between the two assets. Another thing is Bitcoin isn't close to 40 years (the period for which the hypothetical father has been investing), but gold has been around far longer than that and has proven to be a safe haven asset.

Thank you Coysters.
Bitcoin isn't even 40 years old but I'm just describing to the OP that investing in Bitcoin makes a lot of sense and statements like stocks are outperforming the last few years are just different people's thinking than what I've seen lately.

People who chose gold to protect their wealth back then were good before Bitcoin came along. Now investing in Bitcoin for the long term is one way to protect wealth in my opinion.

Watch, guide us, and pick us up when we fall

[lionheart78]

he said the longer you use bitcoin as your unit of account, the more you begin to realize that it doesn't make sense to make any long term investments with your bitcoin savings...not even in some the best performing stocks from the past few years. They're all down in terms of bitcoin.

Who claimed Bitcoin was only used for speculative purposes? This person despises bitcoin because they are either uninformed or do not see Bitcoin's actual use case, which is the transfer of money without borders and with less intermediary concerns.

Or they are maybe part of the anti-Bitcoin group that spread propaganda against Bitcoin.  I bet they are more informed than the normal Bitcoiner reason why they are able to twist truth and facts in accordance to what they wanted others to believe.

I don't care about whatever issues or nonsense they have with bitcoin as long as I can do anything I want with my money without worrying about an entity freezing or cutting what I've earned and I can make transactions with people who I have no idea where they are in the world. Remind them that bitcoin is multifaceted asset that relates to different knowledge areas and not just some tool to grow their wealth in an instant.

That should be what we do, ignore biased statements and only believe in the provable fact. We can do it by doing our own research and verifying information whether it is true or not.  We should also weigh information in a realistic way in order for us to not be misled.

He is speaking about bitcoins without knowledge and obviously, he is hostile against bitcoins and it's understandable that he hasn't any good thing to say about it.

I think the guy is knowledgeable but due to hate or propaganda, he is possibly twisting facts.

Well, if you want to know how long-term investment of bitcoins really is, see the people that have been holding it for 5-10 years and compare their statement to this idiot who was been talking like this because he is the biggest fan of banks. You better do your own research regarding this and not listen to those people who are cutting every opportunity you have with bitcoins by fooling you around with their trash statements.

There are lots of supporting facts that Bitcoin holders are in green if only they are patient enough to hold and sell at a profit.  But sadly that is not the case for most BTC investors.  Probably the guy is one of those who suffered losses when he was shaken to sell his Bitcoin during the Bitcoin crash after buying at the peak. 

[Dzwaafu11]

Wicked said! Lol, that's someone's name, he said the longer you use bitcoin as your unit of account, the more you begin to realize that it doesn't make sense to make any long term investments with your bitcoin savings...not even in some the best performing stocks from the past few years. They're all down in terms of bitcoin.

I'm not sure, maybe there are some individuals around wicked said who are not informed about bitcoin and went and invested because of their lack of information about bitcoin and now fail because they did not profit from their investment.
Or the wickedsaid claimed he didn't receive appropriate information of how bitcoin investing works, thus he always fails, which is why he don't believe in bitcoin. If not for me, if you're aware about investing and you believe with risk in mind, you'll notice the benefits when you hodl for a long time.

How true is this statement? I thought bitcoin wallet is best for storing long term investment, since no physical companies are to be trusted 100%, people uses bitcoin wallet to established good investment plans but seeing lead to ask questions of why and how true, which means no where is safe for life investment.

I continue to be skeptical of the existence of alternative unreliable wallets for storing bitcoin for an extended period of time. I am aware of people who have been holding bitcoin for two years, and their coins are still secure. If your private key is secure, nothing can go wrong with your coins.

[Alisha-k]

Wicked said! Lol, that's someone's name, he said the longer you use bitcoin as your unit of account, the more you begin to realize that it doesn't make sense to make any long term investments with your bitcoin savings...not even in some the best performing stocks from the past few years. They're all down in terms of bitcoin.

How true is this statement? I thought bitcoin wallet is best for storing long term investment, since no physical companies are to be trusted 100%, people uses bitcoin wallet to established good investment plans but seeing lead to ask questions of why and how true, which means no where is safe for life investment.

why isn't Bitcoin safe to make lifetime investment??
Is Bitcoin not not privatised and decentralised enough to protect us from invasion of any nature??

[summonerrk]

Wicked said! Lol, that's someone's name, he said the longer you use bitcoin as your unit of account, the more you begin to realize that it doesn't make sense to make any long term investments with your bitcoin savings...not even in some the best performing stocks from the past few years. They're all down in terms of bitcoin.

How true is this statement? I thought bitcoin wallet is best for storing long term investment, since no physical companies are to be trusted 100%, people uses bitcoin wallet to established good investment plans but seeing lead to ask questions of why and how true, which means no where is safe for life investment.

The most important difference between bitcoin storage and bank deposit storage is that bitcoin belongs only to you.

If you don't want to withdraw it from your wallet, then it will stay there until the end of time. In the banking system, your funds do not belong to you.

If the bank wants to take them away, it will block them and you will do nothing.

[MIner1448]

This statement can be considered from different points of view, but in general it is not entirely true. Holding bitcoins as a long-term investment may make sense if you believe in the long-term sustainability of bitcoin as an asset. However, as with any investment, there is a risk of losing funds and no one can guarantee success.
At the same time, it is not always correct to compare the bitcoin rate with the stock rate. The price of bitcoin can fluctuate significantly over short periods of time, while stock prices tend to be more stable. In addition, there are many factors that affect the price of bitcoin, including regulatory changes, events in the global political arena, technological innovations, changes in consumer demand, etc.