Investing in Property or Bitcoins/Ethereum/Litecoins to canadian, which is the worthy investment option?
Investing means putting your resource in a venture where they will gain value as well as earn you handsome returns. In Canada, there are several ways you can invest your resources. For instance, you can focus on real estate or properties.
Also, you can try your hands in the stock market or forex trading. However, in 2009, a new investment opportunity came to surface – cryptocurrency. A form of currency in the digital state was introduced in the marketplace by the name Bitcoin. Fast-forward to 2018, more than 1,400 cryptocurrencies are in operation. As a potential investor, you are now in a dilemma whether to take the crypto’s way and buy Bitcoins and altcoins or focus on the traditionally known property investment. Here is a guide comparing the two options and which is better when:
1. Static progressive value growth
Before setting off on your investment journey, you need to decide on the type of value growth you are seeking. You need to know whether you want a short-term investment with immediate returns or a long-term one with static progressive growth. Looking both property and cryptocurrencies, both can be worthy long-term investments. However, the digital currency value is not static. It fluctuates from time to time depending on with the current rumors and speculations.
For instance, the Bitcoin value stood at 21,000 CAD in around November-December 2017. As at the writing of this article, it was only worth 12,277.14CAD. In contrary, the property value is static; there are limited chances of its price showing a downward trend unless the country experiences an economic crisis. Thus, if you are seeking an investment with static progressive value growth, property is the right option.