Topic: [ANN] GOLD - First 100% Liquid Stablecoin Backed by Gold - page 38. (Read 31626 times)

I fully agree with you and many times I have used this strategy personally when trading/investing in GOLD token or BTC.

To be honest, what you described is a well-known strategy called "dollar-cost averaging" DCA.

"Dollar-cost averaging - popular strategy for building investment positions over time. When you dollar-cost average, you invest equal dollar amounts in the market at regular intervals of time. The idea is to get the best deal on desired investment by controlling for market fluctuations. Rather than trying to time the market, you buy in at a range of different price points."

Here is a full article about this topic (quoted above) https://www.fool.com/investing/dollar-cost-averaging-what-investors-need-to-know.aspx.
I think worth reading because author provided many great examples of how the price looks like when buying DCA.    

I used to DCA Gold token for some time and this strategy works great.
Of course, there are also cons, but everything is explained in linked article, so I will stop here to make you more interested and willing to read    

PS    
GOLD token price keeps climbing and the use case is amazing, no way to be not successful, such digression to close the comment                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      

It's difficult to know when the dip happens. One rule I've seen at investing was to buy smaller amounts over longer period of time.
Of course, this depends on how much you want to actually buy and where from, because at small amounts the transaction fees can become a problem.
Also usually Gold price (hence GOLD too) has lower daily variations, so the rules you see at investing in Bitcoin (which fluctuates way more) may not be that good here.

Thanks bro for the analysis, very much appreciate your opinion, but I kinda find it hard believe that btc will touch 20k before 2020 ends, lol, but I understand all you've said though, I follow the link the op posted, from there, I Will get to understand how this project works and possibly buy some gram of gold for the future.

Dear Fivestar4everMVP,

You can check the GOLD token price using our marketplace https://gold.storage/en/market

Just read some analysis about how the gold feels now and make a decision.

Regards,
Support Team @ Digital Gold
https://gold.storage

Just look at real gold price and BTC price, both are very bullish and going strong up!!!

Read other comments above yours, everyone is bullish, even me  


https://goldprice.org/gold-price-chart.html

In my opinion, you can wait very long for a dip, BTC just broke 12K sealing and before the end of 2020, we will be at 20K.

As we can see gold is correlated now with BTC very closely, as we know the GOLD token follows exactly the price of gold, so buying and holding is the best option now.

I am usually very realistic when it comes to markets but we can see that even worst news about the second corona wave, unemployment in the U.S, elections have no impact on gold and BTC.

Which is great for GOLD token investors!!!

Hi guys,
Am looking to buy some gold tokens but to be sincere, I don't really know much about this project yet,but I still wanna go ahead cus theres a lot of positive reviews about the project,
My concerns is considering the price of 1 gold token at the moment, is it wise to buy now or do you think there might be some more or few drops and should wait a little to buy the dip??

Your honest opinion will be very much appreciated.. Thanks all.

It looks generally that in near future bull run is ahead. Same goes for gold and for crypto. That is my prediction too based on some research I have done those days.

The interesting thing I can find from the GOLD price chart from here https://goldprice.org/gold-price-chart.html is physical gold has been in its recovery phase after the correction.

Do you notice that after breaking the strong resistance (1921 USD/oz to 1861 USD/ oz), gold price was dumped like bitcoin has 2 times since its all time high. And yes, fortunately, it is rallying from the correction. I see good signal from the chart and I believe it has 2 or years of bull run ahead.

As soon as elections are over and after that taxes come around so my opinion is that for new year we will see a bit of a uptrend. Its good time to buy even if you watch bitcoin charts. I have high hopes for end of this and next year in general.

If feel fear, cash out to fiat, then wait for falls and buy dips then hold. At least with this safe investment style, investors won't lose their fiat. I meant don't lose fiat on paper number and this statement is not counted inflation rate of fiat.

If gold price falls, buy more gold with same fiat fund. The same for bitcoin. If price is stable or increase, still have same fiat fund.

Indeed, political uncertainty usually translates into a drop. I know that my national currency usually drops in this kind of events.
But all should get back to normal as soon as the elections are over. And if the new president "is good" there could be quite a jump, not just a comeback.

It will be a difficult time for the whole market. President elections in the USA and COVID-19 will make some troubles to the traders.

As I said months ago when gold did not began its ride or in early weeks of its ride. Gold when takes off, it often has a 4 year ride. How many year physical gold has in this ride so far?

Keep calm and try to prepare your HODLpium for upcoming months. You can consider it as my indirect gold price prediction. Cheers, all fans of physical gold and digital GOLD token. 

I have to admit that my bearish sentiment was wrong. GOLD looks strong again and bulls took the action .


https://goldprice.org/gold-price-chart.html

We are actually at the resistance level and if it will be broken, then there is a very big chance that GOLD will make new highs again.
For some time GOLD and BTC weren't so strongly correlated but in last weeks it seems to be changing again and both kings the real and virtual one are going head by head.

The GOLD token is just great and I see totally no difference between investing in real gold. Maybe the only one that it's much easier to buy, sell, send and do all other things impossible with real gold.
I'm convinced there will be a huge market for GOLD token very soon, we are still very early on. This will be exactly the same as with everything, internet changed the way we are buying things, all shops are to find online, even closing the doors and go fully online. This same will be with cryptocurrencies we only need a couple of years more and everything will be digital.

Thank you guys, I was sent some very small amount of Gold token probably for  youtube campaign from your bounty thread, i love the fact that it's very much easier to purchase gold now through this project, this will make a whole lot of sense in the near future and this Will be one of the crypto companies to stand out when crypto gets massive adoption.

Nice to hear that. Thank you for your support. By the way, how do you feel where the gold will go next week?

To be honest I don't know too for 100% but never seen OP, team or mods rebuke somebody talking about the GOLD token or gold price.

I have many times posted my price predictions and even got a few merits from members here.


We can agree I assume that there will be so many predictions as people.

The funny thing is that all of them could be different and the market moves only in 3 directions  .


PS
Just want to add that I truly like to be in this campaign and to support this project. We have one of the best threads which is always in the first top 10.
Many times even if I have nothing to comment at the moment, still try to bump, but most of the time this thread is already first or second  .
I was in many campaigns and never seen such community performance, I think this is only because Digital Gold is great and the manager is doing an incredible job, thumbs up.

Don't know if price speculation is allowed here or not but I would like to give my views on the price too.

I have huge interest in investment market and study assets likes gold daily. As per my prediction, gold prices are still in uptrend. In short run, prices will peak on 15th-16th October then after little correction and few months of stable market, gold prices will surge magnificently from April 2021 and will reach All-time-high in September 2021.

However, this is my personal prediction. Please don't consider it as investment advise. Do your due diligence before investing in assets like gold. But if you make mind to buy gold, DIGITAL GOLD is best place to get on-board as it offers blockchain-based token equivalent to real gold which can be bought with BTC/ETH.

RIGHT, I have to admit it, looking at the gold chart as a whole, this is only a small correction, no doubt about that.

The lower the time frames on chart - the bigger the correction, but still not a trend, my bad  

A perfect example of price discussion between bear and bull  

Dear wwzsocki,

Where did you see a downtrend in the gold price chart? It is just a small correction.

Regards,
Support Team @ Digital Gold
https://gold.storage