well for the fact that few persons moved to gold does not mean people no longer believe in bitcoin. so many investors still believe in bitcoin and are ready to take the risk with bitcoin
When I think more about this, I guess that if people/investors were moving to gold is because they want to have another type of investment, so they choose gold for the next investment. And what I think is how we can spread that money into many types of investment because our purpose is to make more and more money in the future. And by having more than two types of investment, gold and cryptocurrency, we can have the opportunity to make a bigger profit.
you are mostly wrong.
having more than one investment is not going to give you more profit, and also having more than one investment (aka diversification) is not about making more profit, it is instead about reducing the risk of your investment while still making profit.
so when you buy something else like gold it is because you want to have a stake in another market that is not going to drop with bitcoin, or vice versa, you buy bitcoin because you want to have something that doesn't drop with gold. so that if one of them dropped you are not in total loss.
besides OP is not even talking about diversification! he is talking about people giving up bitcoin and buying gold instead. and he is saying they are dong it now that it is not time to sell but the time to buy
I don't mind if you say that I am wrong. I mean that when people like me (who only know gold is precious) are moving into gold, that is not because I want to have another investment and I know that it's not about making more profit, but if I know how to make more money than you, then I can choose to go using that way
But still, reducing the risk of the investment to make more profit, in the end, is the main goals for the making of much investment and that is what we want from the investment.
When I buy something else like gold, it is because I want to have the physical form of the investment which a gold have that form, and I can save it in my deposit box. I only know that gold is one of the best investment ever.
Where is the OP saying about people giving up bitcoin and buying gold instead? OP itself is not clarified about that, and he only gives a link from another source which after I read, that is pros and cons in that sites. One person saying the negative things about bitcoin and choose gold, the other person telling the positive about Bitcoin. I don't think that people will easily buy gold especially when the price is up because I think they need to wait for a while until the gold price can decrease