BTC to GOLD - page 10. | Bitcointalksearch.org

Aying

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Quote from: btcltcdigger on December 12, 2019, 07:34:00 AM

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

For me, gold is a good investment concurrent with btc or if I have excess btc I will buy some gold to hodl for long term investment. if we have gold we don't need to be afraid if btc price goes down because we have gold as our option if we loss our investment in btc. and also, gold prices is still not that bad and the prices will much higher in the future.

OrangeII

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Quote from: btcltcdigger on December 12, 2019, 07:34:00 AM

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

actually I aim to collect gold. it's just that I don't have the necessary funds, so I use bitcoin and altcoin for that. but, as far as I'm familiar with bitcoin and altcoin, the more I love this and try to pile up bitcoin and altcoin too. Yeah, but if there's a chance to have gold, I'll take it. so far, my plan is only to wait for the bitcoin pump, and if the price is as expected, I might sell it and buy some gold.

Cherylstar86

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Quote from: sovie on December 12, 2019, 12:35:59 PM

I am pro bitcoin but I am not too much excited about bitcoin. I have due respect for Gold and other commodities also. Gold is trusted as a valuable asset for centuries and even in today's world its more worthy then bitcoin. We need to realistic about bitcoin, its a valuable investment asset also but don't think that there is nothing else in the world greater then bitcoin.

We all know that bitcoin is so volatile in which you can invest it for now and can be have a huge profit in the future. On the other hand gold is somehow a good investment but it takes too much time to wait when it comes to increase. Thus, both is profitable but the most challenging part on it is to wait and extend your patience as much as possible.

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Quote from: crossabdd on December 14, 2019, 12:17:28 AM

like the phrase "don't put all the eggs in one basket. if it falls, everything will break" so in my opinion it is good to buy gold with some of the BTC it has. investment in the digital world is held. and investment in the real world is also held. So investment is balanced

Physical gold is cumbersome in so many respects

First of all, you should understand that if you are buying gold (say, gold coins) on a pretty regular basis, it will quickly become known around, and probably not to the people that you would really want to be aware of your buying habits. So help yourself to guns and ammo as well, and be ready to use them if such a need arises (which it will one day)

Further, apart from knowing where to buy gold (as this is only one side to the equation), you should also know where to sell it without suffering too much a discount (which is a given), and still more so in case of an emergency situation since this is why you are going to buy gold in the first place (as otherwise there are better investment options)

Quote from: Mometaskers on December 14, 2019, 04:12:15 AM

Personally I'd rather have more bitcoin than gold simply due to gold not as liquid

You can look into gold derivatives (aka paper gold) if you don't want the usual hassles of holding physical gold

Mometaskers

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It really depends on what assets you currently have and when you intend to buy. Because currently people are anticipating a rise on bitcoin price due to halving and even if that is just a speculation it don't hurt to hold.

Probably if that happens then you can sell off your bitcoins first and use some of the profits to buy gold. As most here agree, it's better to have both. Personally I'd rather have more bitcoin than gold simply due to gold not as liquid.

Eclipse26

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I wouldn't say no because gold is valuable and it doesn't depreciate (unless there are other circumstances) but the value of gold don't easily depreciate, meaning it will be valuable for an unlimited useful life. So basically, investing in gold is also worth it. If you really want to make sure you'll have an asset after a long time, gold is a good option since Bitcoin is very volatile where there's no assurance of its value in the future.

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Quote from: crossabdd on December 14, 2019, 12:17:28 AM

like the phrase "don't put all the eggs in one basket. if it falls, everything will break" so in my opinion it is good to buy gold with some of the BTC it has. investment in the digital world is held. and investment in the real world is also held. So investment is balanced.

Managing your assets are very important, if OP have good amount of BTC and willing to look for other options, buying gold is good for long term
unlike bitcoin where volatility is very high and with heavy fluctuations it can hurt your investment right away, most of the case if you need and emergency
funds while bitcoin value still down, gold have small price movements in such emergency you can pawn or sell it out with the value not far from your original investment.

crossabdd

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like the phrase "don't put all the eggs in one basket. if it falls, everything will break" so in my opinion it is good to buy gold with some of the BTC it has. investment in the digital world is held. and investment in the real world is also held. So investment is balanced.

mu_enrico

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Quote from: kapalmabur on December 13, 2019, 06:16:28 AM

lots altcoin is starting to crawl up, Waves, XTZ, ATOM, TOMO, etc., this is a cycle, the altcoin season is coming soon

Source:
https://coinmarketcap.com/
https://imgflip.com/memegenerator

Karmakid

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It is a good idea to convert bitcoin to gold if you want to preserve your profits or wealth for long term. Gold is a slow moving asset for me and it is more on a store of value for our money rather than an asset that will bring good returns in a year. Bitcoin is still better in my opinion because of the volatility that can bring big profits in a shorter period of time.

elisabetheva

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Quote from: Yatsan on December 13, 2019, 06:35:11 AM

Both have the same advantages and disadvantages, but generally speaking, if you are not rich better focus on bitcoin because whenever you need money, the bitcoin is there and ready to withdraw, unlike gold. Bitcoin is very accessible and hassle free from buying and selling so I will go with bitcoin.
So here's my conclusion if you are an average person that has average money invest in bitcoin and if you are a little bit richer than an average person the invest in both.

Agree strongly with what you say that it is clear that it is easier to do bitcoin transactions compared to gold. not how to sell is also certainly easier with bitcoin and the value obtained when successfully rising is certainly very promising bitcoin compared to gold.
investment is better with bitcoin because it's clear that the increase is very tempting compared to gold that is not too high. so the conclusion is better holding bitcoin and not need to change to gold.

barota

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in my opinion investing in bitcoin better than investing in gold . it seem that prices of gold stable; despite changement of prices bitcoin every time but this is the nature of stock . bitcoin have good chance for become way of fast exchange and buy sell between traders of all world in the future

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Quote from: btcltcdigger on December 12, 2019, 07:34:00 AM

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

To split my investment, maybe i will think about it. But if must replace bitcoin to gold, i will not think about it. Because what can really fit for my investment now is bitcoin. Gold although price tend to increased, maybe not really flexible like bitcoin and we can sell our bitcoin anytime. With that and any other reasons, i pick on bitcoin investment.

SummerBliss

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Quote from: btcltcdigger on December 12, 2019, 07:34:00 AM

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

Many people will that it's bitcoin vs gold because there have been like thousands of threads around that but bitcoin is not going to replace gold in anyway so if btc price is booming gold too is going to boom in case of any market crashes just like it used to boom earlier. Gold has a history of thousand year and will be in the future of thousand years until we find a more precious metal. Gold get's it value from the self satisfaction and dignity that comes after owning it.

deisik

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This question has been asked 10 zillion times

Bitcoin and gold are at the opposite ends of an investment spectrum. People invest in cryptocurrencies (Bitcoin included) in order to multiply their wealth, while investing in physical gold is more about preserving one's wealth (provided there is some wealth worthy of preserving)

The point is, the people investing in Bitcoin and the people investing in gold are two very different groups of investors. In more practical terms, this typically means there are not that many investors who belong to these two groups at the same time as there are a multitude of investment options in between

abhiseshakana

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Quote from: btcltcdigger on December 12, 2019, 07:34:00 AM

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Do not put eggs in one basket. Each has positive and negative values depending on the user and investment objectives. In essence, the investment principle that must be noted is never to put all of your money into one type of investment. Even though an investment looks better and tempting, you should not put all your money and property into only one of these investment assets. Set aside a portion of your money for other investments.

Bitcoin is a new technology that is seen as going to revolutionize the financial world. Although Bitcoin was originally seen as a technology for payment, many people have used Bitcoin as an investment instrument because of its volatile prices. In contrast to gold which is used as a protective instrument of wealth. Bitcoin can function as a protective instrument of wealth as well as an instrument of enhancing wealth

In my opinion, bitcoin is supported by blockchain technology at this time is an investment choice that suits the era, the era of financial technology. Something that is trending and booming, of course, the rotation is consistent and the volume is significantly coupled with fluctuating values, of course, very suitable to be used as an investment tool.

Clement Kaliyar

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Quote from: btcltcdigger on December 12, 2019, 07:34:00 AM

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.

I might convert some bitcoin to gold after reaching my target but not anytime soon, gold is a solid investment but i am not expecting a massive rally in gold anytime soon, if there is an economic crisis then we might see a rally in the price of gold and the next two years there is a high chance of seeing a bitcoin rally because halving is taking place next year and everyone have their own prediction on how long the rally will go and i do not want to miss that.

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It's never really a bad idea to convert some of your holdings to gold knowing that the precious metal hasn't lost much of its value over time and is accepted as a currency wherever you are in the world, provided that you have the documents to prove your ownership of it. That's the only hassle of it, that and where you would store it. If you have that sorted out, then you're all set and you don't have to worry about massive devaluation of your assets over time.

It's always best to diversify though you need to carefully choose which assets will you be placing your money on.

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Quote from: killerfrost on December 13, 2019, 09:16:11 AM

Until now, it's better to buy BTC, gold is currently stable and there is no strong increase in price. But BTC is coming to an important event that is halving, and its price will certainly have a very strong volatility. I have bought gold since 2018 and maybe next time I will sell gold and buy BTC to hold

I don't think so, even though bitcoin used to be very high in value, it was just a boom. For me, both bitcoin and gold are real value at the moment. However, I believe that bitcoin has a slight advantage. Bitcoin is technical, it is used more and more and more popular. Meanwhile, gold is just an aesthetic metal, not too many advantages to compete.

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Quote from: btcltcdigger on December 12, 2019, 07:34:00 AM

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

Until now, it's better to buy BTC, gold is currently stable and there is no strong increase in price. But BTC is coming to an important event that is halving, and its price will certainly have a very strong volatility. I have bought gold since 2018 and maybe next time I will sell gold and buy BTC to hold

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