Anybody here sell their Gold to buy Bitcoin? - page 4.

Ziskinberg

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Quote from: vs2014 on April 17, 2021, 05:27:14 PM

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.

Yeah, that probably what we know about Gold but if you tried to compare it to Bitcoin's growth, you will know that Bitcoin grows fast than Gold. You can't expect that Gold will double its price even we wait for a decade, unlike Bitcoin. The difference with them is the risk, Bitcoin investment has that but we also have some confidence that Bitcoin will even grow more in the coming years.

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The best is to keep the gold and bitcoin for the long term.

That is a preferred one, many did this. That actually be good if you have a lot of money for these investments.

vs2014

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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.

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Quote from: Hypnosis00 on April 16, 2021, 06:25:46 PM

Gold have also of great value but we can't say it gives you the x10 or x100 market share in just a year or just a month of holding, not like if we invest in Bitcoin. This is how it puts into the mind of the people who are selling their gold for Bitcoin. It actually a great choice, and nothing to regrets.

Gold is also the most important asset people will definitely hold longer if they want stability and there is no high risk, but seeing the current conditions many have switched to bitcoin I think many will sell gold only for bitcoin and wait one year later, so from the market value is now getting bigger the more that come because they know bitcoin can make a profit in no time.

It is undeniable how they choose because in fact bitcoin is also good to invest in, even though now the price is high, there is still a lot of confidence in large investors that crypto will be more secure in terms of profits.

Lordhermes

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Centuries have better approach towards long-term investors and has a new offer for wealth accumulations. I would prefer Bitcoin in this era compared to gold because Bitcoin hs higher volatility and is making series of higher highs and lower lows causing a spike for long-term investors and traders alike.

Many speculations has been released that Bitcoin will make an all-time high of $100k before the the third quarter of the year making more investors richer than they have ever been. Come to think of it many companies like tesla has converted part their assets to Bitcoin and still do transactions in Bitcoin causing a massive spike in the market.

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Maybe some one not brave before know how increase profit faster by investing bitcoin than gold, so many of them looks worry when try to invest in bitcoin during not have any regulated from our country, but when bitcoin have been legal and have law many people prefer hold bitcoin than gold and profit increase faster become the reason why many people want hold bitcoin.

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Quote from: Hypnosis00 on April 16, 2021, 06:25:46 PM

Quote from: darewaller on April 15, 2021, 02:35:43 PM

Quote from: Saniati on April 15, 2021, 07:44:28 AM

btc going to more valuable assets than gold. Btc now ranking 8 and gold 1 with marketcap $11.099 T and btc with $1.168 marketcap and btc going popular day by day and btc will be no. 1 asset i believe.

Yes, bitcoin market is slowly moving up and this is the reason many people are selling their gold to buy bitcoins. I am very much sure that in coming years bitcoin will be beating gold's marketcap as there are so many institutional funds are coming into bitcoin market compared to what they were doing with gold market for years. So, there will be no surprises on seeing people to be switching over from gold to bitcoin. This is a timely demand and people are obeying it.

It is just a matter of choice, people are looking for any opportunity that they could get money in a short period of time, and having Bitcoin is considered to be a sort of fulfillment.

Gold have also of great value but we can't say it gives you the x10 or x100 market share in just a year or just a month of holding, not like if we invest in Bitcoin. This is how it puts into the mind of the people who are selling their gold for Bitcoin. It actually a great choice, and nothing to regrets.

Some would be minding about security or those traditional store of value asset which is Gold.Some would go make some full conversion and some would go half or depending into their preference
but for me then if i do have ever some gold holdings then that would be divided into 50% which the other half would be allocated to bitcoin and this will really be depending on how much someone
could able to put up risk with crypto or bitcoin investment so the numbers would really be varying to person to person.For sure there are fellas who did sell off their
gold to switch into Bitcoin.

Hypnosis00

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Quote from: darewaller on April 15, 2021, 02:35:43 PM

Quote from: Saniati on April 15, 2021, 07:44:28 AM

btc going to more valuable assets than gold. Btc now ranking 8 and gold 1 with marketcap $11.099 T and btc with $1.168 marketcap and btc going popular day by day and btc will be no. 1 asset i believe.

Yes, bitcoin market is slowly moving up and this is the reason many people are selling their gold to buy bitcoins. I am very much sure that in coming years bitcoin will be beating gold's marketcap as there are so many institutional funds are coming into bitcoin market compared to what they were doing with gold market for years. So, there will be no surprises on seeing people to be switching over from gold to bitcoin. This is a timely demand and people are obeying it.

It is just a matter of choice, people are looking for any opportunity that they could get money in a short period of time, and having Bitcoin is considered to be a sort of fulfillment.

Gold have also of great value but we can't say it gives you the x10 or x100 market share in just a year or just a month of holding, not like if we invest in Bitcoin. This is how it puts into the mind of the people who are selling their gold for Bitcoin. It actually a great choice, and nothing to regrets.

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Quote from: DarkDays on April 16, 2021, 10:59:49 AM

It would be rare to find a person who invested in gold and being part of the crypto community at the same time. No one person is able to withstand gold investment when crypto is skyrocketing- that's almost any Alt not just a select few.

But we never know what other people are thinking, for me gold is no longer a viable investment route now that with crypto you can gain several times more profit in a few days that comes no where near close to what you get from the slow appreciation of gold.

Gold is dead, crypto is alive.

There is a difference and you mix the purpose of investing in BTC and gold

People investing in gold are not really expecting to make a profit. They use it as a safe heaven to secure their capital. Something you can't make with Bitcoin or any altcoins. If you're looking to secure your capital and invest in crypto, it's a totally insane idea when we know how volatile the crypto market is. Knowing BTC for example can decrease by 80% within a few weeks, how secure it was to save your money in it.

Gold is not dead. It has different purposes, you can't mix apple and orange

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It would be rare to find a person who invested in gold and being part of the crypto community at the same time. No one person is able to withstand gold investment when crypto is skyrocketing- that's almost any Alt not just a select few.

But we never know what other people are thinking, for me gold is no longer a viable investment route now that with crypto you can gain several times more profit in a few days that comes no where near close to what you get from the slow appreciation of gold.

Gold is dead, crypto is alive.

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Quote from: molsewid on April 16, 2021, 10:03:08 AM

Quote from: Smartvirus on April 15, 2021, 03:10:42 PM

I've never thought of that neither do I have any good stock anywhere else, selling it to buy gold isn't a bad idea. With the way bitcoin is growing, I would have no problem selling gold to buy bitcoin. Bitcoin and gold are similar i function and that is the store of value kind of but bitcoin assumes more responsibility than gold and with that responsibility comes value. So, having one commodity that keeps you stagnant at a price rate or level isn't the best of idea. So, if you've got gold and it ain't working for you, you could swap it for bitcoin and make it work for you. Now, bitcoin is where the value is and its what you should be aiming at for an investment.

Actually having gold and bitcoin as an asset today was powerful. Both was valuable and worth it as an asset. Maybe those rich people who have gold in their custody may not going to sell their gold to buy bitcoin because they have the money that they can used to buy bitcoin. But I can't deny the fact that bitcoin was now becoming much more valuable as day passes by and as the people keeps on recognizing and believing in bitcoin.

Most likely the rich will have both, and the existing gold will not be added again and will turn to bitcoin to own both and that is a very good way because the rich can afford both gold and bitcoin.
I personally do not have gold after getting to know bitcoin and it is my priority to have bitcoin in the long term, because previously I had the belief that bitcoin would be better and more valuable than gold as it is today.

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Quote from: Smartvirus on April 15, 2021, 03:10:42 PM

I've never thought of that neither do I have any good stock anywhere else, selling it to buy gold isn't a bad idea. With the way bitcoin is growing, I would have no problem selling gold to buy bitcoin. Bitcoin and gold are similar i function and that is the store of value kind of but bitcoin assumes more responsibility than gold and with that responsibility comes value. So, having one commodity that keeps you stagnant at a price rate or level isn't the best of idea. So, if you've got gold and it ain't working for you, you could swap it for bitcoin and make it work for you. Now, bitcoin is where the value is and its what you should be aiming at for an investment.

Actually having gold and bitcoin as an asset today was powerful. Both was valuable and worth it as an asset. Maybe those rich people who have gold in their custody may not going to sell their gold to buy bitcoin because they have the money that they can used to buy bitcoin. But I can't deny the fact that bitcoin was now becoming much more valuable as day passes by and as the people keeps on recognizing and believing in bitcoin.

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Quote from: wiss19 on April 15, 2021, 06:31:22 PM

Quote from: Dr.Ona on April 04, 2021, 01:57:37 PM

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.

Right now bitcoin is my favorite investment to make. I have invested in gold once and that was my first investment in 2014, and I later sold my gold and then I started investing in bonds and they were not really something I liked.

I had plans to get back to gold investment, before I stumbled on Bitcoin while I was doing a completely different research, and I picked interest in it and decided to look further into it and after that, by late 2015 I was ready to start investing in Bitcoin and it has been the best investment. Gold is also good, and I guess if I never discovered bitcoin when I wanted to quit investment in bonds, I would have been investing in gold by now.

Yeah there's always an assurance if we choose over gold, but for some reasons it's slow to rise compared with bitcoin. However, if you wanted to divert your golds now I don't think it would increase faster because of high price when your do an entry. Try to wait for further months before btc price go downtrend, it's not wise choice due to possible crash coming.

wiss19

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Quote from: Dr.Ona on April 04, 2021, 01:57:37 PM

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.

Right now bitcoin is my favorite investment to make. I have invested in gold once and that was my first investment in 2014, and I later sold my gold and then I started investing in bonds and they were not really something I liked.

I had plans to get back to gold investment, before I stumbled on Bitcoin while I was doing a completely different research, and I picked interest in it and decided to look further into it and after that, by late 2015 I was ready to start investing in Bitcoin and it has been the best investment. Gold is also good, and I guess if I never discovered bitcoin when I wanted to quit investment in bonds, I would have been investing in gold by now.

Smartvirus

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I've never thought of that neither do I have any good stock anywhere else, selling it to buy gold isn't a bad idea. With the way bitcoin is growing, I would have no problem selling gold to buy bitcoin. Bitcoin and gold are similar i function and that is the store of value kind of but bitcoin assumes more responsibility than gold and with that responsibility comes value. So, having one commodity that keeps you stagnant at a price rate or level isn't the best of idea. So, if you've got gold and it ain't working for you, you could swap it for bitcoin and make it work for you. Now, bitcoin is where the value is and its what you should be aiming at for an investment.

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Quote from: Saniati on April 15, 2021, 07:44:28 AM

btc going to more valuable assets than gold. Btc now ranking 8 and gold 1 with marketcap $11.099 T and btc with $1.168 marketcap and btc going popular day by day and btc will be no. 1 asset i believe.

Yes, bitcoin market is slowly moving up and this is the reason many people are selling their gold to buy bitcoins. I am very much sure that in coming years bitcoin will be beating gold's marketcap as there are so many institutional funds are coming into bitcoin market compared to what they were doing with gold market for years. So, there will be no surprises on seeing people to be switching over from gold to bitcoin. This is a timely demand and people are obeying it.

Rasel5209

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Quote from: Dr.Ona on April 04, 2021, 01:57:37 PM

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?

No there i think convert gold to bitcoin. If you want to converted i suggest that first you sell your gold in local market then you buying bitcoin. Today invest is not safe cause bitcoin price is high. I suggest you thinking for this gold price can not dump huge but bitcoin price can be 100% dump in a day.

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No but btc going to more valuable assets than gold. Btc now ranking 8 and gold 1 with marketcap $11.099 T and btc with $1.168 marketcap and btc going popular day by day and btc will be no. 1 asset i believe.

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Quote from: cyriljundos on April 15, 2021, 02:55:00 AM

gold is also a good investment, every year thee price goes up and in case of emergency you can directly sell your gold, on the otherhand bitcoin is digital coin and future of currencies is also better because you can earn by trading and investing. you can double up your money if you are good in trading . there are a lot of trader selling their gold to convert bitcoin and i must say its worth it.

Not every year, gold's prices are going up but I agree gold is the easiest asset to liquidate hence holding it for emergency needs makes sense. But, if you look for good returns for your investments then bitcoin must be the right choice to go with. This is the reason why people are selling gold to buy bitcoins; they are simply switching into high ROI asset. But, honestly I am not selling gold to invest in bitcoin but at the same time I sold some bitcoins for buying gold for my family use and not for investment purposes. It means even gold suddenly rise 2x or 5x, I may not sell those gold because it is for jewelry purposes.

I recommend everyone to have both gold and bitcoin because diversifying will help time to time. For example, bitcoin may remain positive for one year and then for next 2 years it may stay negative and sideways. Hence holding both gold and bitcoin will help anyone if needs to liquidate suddenly.

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Quote from: Dr.Ona on April 04, 2021, 01:57:37 PM

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?

gold is also a good investment, every year thee price goes up and in case of emergency you can directly sell your gold, on the otherhand bitcoin is digital coin and future of currencies is also better because you can earn by trading and investing. you can double up your money if you are good in trading . there are a lot of trader selling their gold to convert bitcoin and i must say its worth it.

Ewox

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My thoughts would be for you to not sell your gold, it’s a great asset too you know. And since you were collecting golds, why wont’t you buy bitcoin and hodl them like the same thing you did to your gold. Hodl both, that’s what I did ever since I started with investing in Bitcoin.

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