Listen OP i can understand from your post that you are very curious about the matter stated above.
But let me explain you a little things to make it more easier.
Gold and Bitcoins have separate holders. A person holding it from start will never sell it.
If you are ready to get steady profit, then should go for BTC, else if you are in long term investment, then Gold suits better.
Hope this helps you OP to understand the things better.
Topic: Anybody here sell their Gold to buy Bitcoin? - page 2. (Read 1403 times)
Ever since I'd never make any investment until I found Bitcoin in early 2016. Of course, doubts and uncertainty are there and I can't even imagine if I could hold this long or sell it back. But I have a friend trying to convince me to hold until the next Bullrun, I don't know when because I'd never ask. But I follow what he said until the moment has come last 2017, yeah, it is a big day for me and I was so thankful to my friend.
Now I realize that investment is a need of courage and trust, either we invest in gold or Bitcoin, it is still be needed. After I sell my Bitcoin, I use some of it to invest in gold but I was surprised that until today, it didn't happen to double my capital, unlike Bitcoin.
Now I realize that investment is a need of courage and trust, either we invest in gold or Bitcoin, it is still be needed. After I sell my Bitcoin, I use some of it to invest in gold but I was surprised that until today, it didn't happen to double my capital, unlike Bitcoin.
Your question remembers me to one of my friends who sold a house in the past 2019, I introduced Bitcoin to him, two months into four months no problem, fine, entered the sixth month, he told me, his house has been sold and invested in gold, so I can't say anything else for him, because the house has been sold and gold investment.
And I asked how much the house you sold for, he said $20,000, then I said to my friend, you sell gold half of the proceeds from selling the house for about $10,000 and you invest it in Bitcoin, coincidentally at that time the price of Bitcoin was around $ 5000 he bought 2 Btc, long story short in 2021 yesterday when Bitcoin went up $ 50,000 he sold, now he has bought a new house and is living in luxury, the gold that he currently holds has not increased in value, it is the Bitcoins that make him rich today.
The bottom line: from my friend's experience investing in gold does not make someone quickly rise from poverty, Bitcoin very quickly changes the life of someone who doesn't exist, when compared to bitcoin with gold.
And I asked how much the house you sold for, he said $20,000, then I said to my friend, you sell gold half of the proceeds from selling the house for about $10,000 and you invest it in Bitcoin, coincidentally at that time the price of Bitcoin was around $ 5000 he bought 2 Btc, long story short in 2021 yesterday when Bitcoin went up $ 50,000 he sold, now he has bought a new house and is living in luxury, the gold that he currently holds has not increased in value, it is the Bitcoins that make him rich today.
The bottom line: from my friend's experience investing in gold does not make someone quickly rise from poverty, Bitcoin very quickly changes the life of someone who doesn't exist, when compared to bitcoin with gold.
If both can be owned at the same time, I will choose to have both. In fact, I don't want to give up. But the difference is that, like Bitcoin, your private key is only known to you. It is very convenient to trade or store, but gold is not as convenient to carry or store as Bitcoin.
If you must choose one of the two, I will continue to choose to keep Bitcoin.
If you must choose one of the two, I will continue to choose to keep Bitcoin.
In the long term ,Gold can be more safe investment than fiat but not better than BTC, because the history price of GOLD for many year is keep going up. But GOLD take very long times to reached high profit than BTC. In 10 years BTC price by 1 million percent of return of investment, but GOLD can not reach the same return by the same times.
I am sure that investing in gold or bitcoin has advantages and disadvantages of each, of course,if you do not want to take risks for me investing in gold is very suitable,
because we know that bitcoin is very risky and cryptocurrency is very volatile
If you have knowledge about cryptocurrency trading, then you can go for it. Gold is considered a low risk, and safe investment option compared to bitcoin/cryptos.
In the long term ,Gold can be more safe investment than fiat but not better than BTC, because the history price of GOLD for many year is keep going up. But GOLD take very long times to reached high profit than BTC. In 10 years BTC price by 1 million percent of return of investment, but GOLD can not reach the same return by the same times.
I am sure that investing in gold or bitcoin has advantages and disadvantages of each, of course,if you do not want to take risks for me investing in gold is very suitable,
because we know that bitcoin is very risky and cryptocurrency is very volatile
In the long term ,Gold can be more safe investment than fiat but not better than BTC, because the history price of GOLD for many year is keep going up. But GOLD take very long times to reached high profit than BTC. In 10 years BTC price by 1 million percent of return of investment, but GOLD can not reach the same return by the same times.
hmm maybe they buy it by looking for loans or selling their goods such as cars , for gold I'm sure many people still keep it.
In investments, a wise person would spend his assets to buy another asset and will expand his wealth. Until he has proven that he had already a strong wealth, position and assets then he can buy those things through his generated profit.That is why there are people who sells their goods to buy assets because they knew it that it is better to build wealth and income generating assets before buying wants. Selling gold for bitcoin is another wise thing but I wouldn't sell bitcoin for bitcoin and to those who are selling gold for bitcoin, they are doing it correctly.
maybe NO, because many people have a strong determination to hold gold,
my analysis shows that those who buy Bitcoin and cryptocurrency are young people, and some adults,
hmm maybe they buy it by looking for loans or selling their goods such as cars , for gold I'm sure many people still keep it.
my analysis shows that those who buy Bitcoin and cryptocurrency are young people, and some adults,
hmm maybe they buy it by looking for loans or selling their goods such as cars , for gold I'm sure many people still keep it.
Well, gold isn't something that you can say a lot of negative about just like we talk about fiat being controlled and centralized. Gold has its own advantages, being one of the rarest metals of the world and having a huge history of being used as tender, it surely has its own face-value, and you can always look how beautiful they shine and take some pride by owning it lol
maybe NO, because many people have a strong determination to hold gold,
my analysis shows that those who buy Bitcoin and cryptocurrency are young people, and some adults,
hmm maybe they buy it by looking for loans or selling their goods such as cars , for gold I'm sure many people still keep it.
my analysis shows that those who buy Bitcoin and cryptocurrency are young people, and some adults,
hmm maybe they buy it by looking for loans or selling their goods such as cars , for gold I'm sure many people still keep it.
Most of the community here in the forum bought bitcoin even without selling Gold. In fact, the majority of them like me was just an ordinary people here but could buy Bitcoin even in a small amount of money. In short, whether you have a lot of capital or small amount of it, you/we can still buy Bitcoin or cryptocurrency.
It's not like everyone can just buy gold like some kind of candy in a store. Gold is expensive and it can't be carried by the person who purchased it plus there isn't a lot of gold retailers to buy one even if you have the money. Also, why would you sell your gold for bitcoin? I would assume that you have a really good paying job to be able to buy one gold so why not diversify and keep the gold. 
Most of the community here in the forum bought bitcoin even without selling Gold. In fact, the majority of them like me was just an ordinary people here but could buy Bitcoin even in a small amount of money. In short, whether you have a lot of capital or small amount of it, you/we can still buy Bitcoin or cryptocurrency.
^ I also think this way, most of the members here join this forum with mediocre capital, do not have assets like gold. but surely there are those who sell their gold for Bitcoin, it's just that these cases are rarely notified to the public.
I truly trust Bitcoin will at any rate twofold in cost so any extra-dollar implies the chance of re-buying Gold at a lot higher amount. his isn't the finish of Bitcoin, you can in any case reach higher than ever once you exchange Bitcoin and sat tight for that ATH again in a couple of years. You can basically store the gold and bitcoins in any event you have differentiated your resources and you will not have the option to lose to both.
Absolutely. And I do think that it's a conversion that is very favourable and makes a lot of sense.
You're essentially preserving all the value of gold as a hedge against fiat collapse when you swap your gold position for BTC, yet being able to hold a much more convenient asset in terms of storage and has way more long term growth potential.
However, don't think of it as a speculative investment - you should be in it for the long run and not be selling your gold for a short-medium term position in BTC.
You're essentially preserving all the value of gold as a hedge against fiat collapse when you swap your gold position for BTC, yet being able to hold a much more convenient asset in terms of storage and has way more long term growth potential.
However, don't think of it as a speculative investment - you should be in it for the long run and not be selling your gold for a short-medium term position in BTC.
Most of the community here in the forum bought bitcoin even without selling Gold. In fact, the majority of them like me was just an ordinary people here but could buy Bitcoin even in a small amount of money. In short, whether you have a lot of capital or small amount of it, you/we can still buy Bitcoin or cryptocurrency.
I figure it would be a fabulous expansion to your resources for have Bitcoin as one of your ventures. This isn't the finish of Bitcoin, you can in any case reach higher than ever once you exchange Bitcoin and hung tight for that ATH again in a couple of years. You can purchase bitcoin however much you can yet with regards to gold, you can never purchase gold without knowing your administration.
I'm going to hold some of my physical Gold.
Sure, you don't need to sell all your Gold. If you want to buy Bitcoin, just sell a few numbers of your Gold only. We know Bitcoin investment offers higher profits and the holder may take profits faster than Gold. But investing in Bitcoin is riskier, so don't use all funds to Bitcoin. You should continue your Gold investment, while trying new investment in Bitcoin.
I am that kind of person. There is a project called Digital Gold. It is a stablecoin pegged to gold. Each coin is equal to a certain amount of gold. If you search, you will find a bounty company and a branch of announcements of this project for bitcoin.
In fact, the owners of the coin are the owners of the gold, and I am, that is, I was one of such owners, but I sold all my gold and bought Bitcoin with it. Thanks for attention.
If I remember correctly that is 200th such project which is faking gold as reserve and you may use google or this forum's search functionality to find all of them. Nothing new and people like you are new to adopt such shit projects and then regret later for disappointments.In fact, the owners of the coin are the owners of the gold, and I am, that is, I was one of such owners, but I sold all my gold and bought Bitcoin with it. Thanks for attention.
Basically no devs will be rich to have that much of gold to begin a project with. So, they are simply faking something to make you people trapped.
unfortunately I can only listen to news and stories from those of you who did follow the bounty, but it didn't continue. whereas I myself do not follow and know, so what mechanism will be implemented. but this is certainly a lesson for continuation for things like this for the future.
Selling gold to buy bitcoin is not a good idea. Gold is expensive and its price is increasing, so we must keep it. As for Bitcoin, we can buy it with a portion of the money that we would like to lose, The best is to keep the gold and bitcoin for the long term.
If you entry is good then you will end up loosing anything in any market. Bitcoin is a high risk investment if you are investing right now when the price is above $60k and so is the case with gold as it is also riding a rally, in short any asset you invest when the market is pumping has its own risk and gold has some fundamentals basically they are trading for centuries while bitcoin is just a decade old and hence the volatility is high.I would have sold anything to enter bitcoin at the right moment but not anytime soon.
Yes, Bitcoin just exists for more than a decade but it has already proven to be a good investment. In fact, some millionaires are jumping into crypto for that reason. Maybe we could say that selling our Gold for Bitcoin is not a good idea but if we think about "OPPORTUNITY" many people had to that.
I don't have gold with me but if i had i would have sold gold to buy more bitcoins. Bitcoin has more potential to grow as compare to gold.
When people say that bitcoin is digital gold, its means that in future bitcoin may flip the marketcap of gold.
Hello Gang,
Long time investor/holder of Gold coins, new investor of Bitcoin.
I've been thinking about selling some Gold to buy Bitcoin.
I'm listening to the pros/cons of doing this and Bitcoin seems like the better asset to hold in the long run.
So..
Anyone else here convert their Gold to Bitcoin?
Kinda having a hard time parting ways with my coins.
There's something to be said about touching Gold coins.
They're heavier than you think..
They have a nice ringing tone to them when tapped.
Fun to look at.. older ones have a history to tell.
Maybe I'm alone in this feeling.. 14+ years of collecting coins is hard to let go, but ultimately I got into it to have an insurance in case
of economic collapse and security.. also to make a profit.
Seems like Gold may be taken out by Bitcoin in a few short years.
Thoughts?
Long time investor/holder of Gold coins, new investor of Bitcoin.
I've been thinking about selling some Gold to buy Bitcoin.
I'm listening to the pros/cons of doing this and Bitcoin seems like the better asset to hold in the long run.
So..
Anyone else here convert their Gold to Bitcoin?
Kinda having a hard time parting ways with my coins.
There's something to be said about touching Gold coins.
They're heavier than you think..
They have a nice ringing tone to them when tapped.
Fun to look at.. older ones have a history to tell.
Maybe I'm alone in this feeling.. 14+ years of collecting coins is hard to let go, but ultimately I got into it to have an insurance in case
of economic collapse and security.. also to make a profit.
Seems like Gold may be taken out by Bitcoin in a few short years.
Thoughts?
It so happened that I do not have gold, but if I had it, then I would not exchange it for Bitcoin. The reason is that one of the laws of investment says don't keep all your funds in one basket. And rightly so, if you are an investor or want to start investing, then you need to choose several assets. As for gold, I would not underestimate this asset. Yes, now BTC is showing the best result, but what if everything changes and not for the better? And this is if it says that you need to have additional assets in order to avoid large losses.
Jump to: