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?
I believe that against the background of the growth in the price of BTC, it makes sense to invest in this crypto asset, but in order to sell my gold coins for this, I am not very sure that this is correct. Perhaps, if you do not have free money, and you would like to become the owner of BTC, you should sell some gold to invest in BTC, but I believe that this should not be a large amount. Of course, I, like others, cannot know 100% how to do better, but recently I read such a thought from one person, where he said that the dollar will rise now, in other words, within a certain time there will be active support for the dollar, gold on the contrary will lose in value. In principle, this is happening now, but after that everything will change and the price of gold will soar higher than the moon. At that time, he did not say anything about BTC, but earlier he also hinted that as a result, crypto prices could also collapse, which, in principle, we have already observed more than once. As for me, you can sell a little gold and buy BTC. Wait for more BTC growth and then sell it and buy even more gold.