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Topic: BTC to GOLD - page 11. (Read 2562 times)

sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
December 13, 2019, 09:42:17 AM
#42
some people will said that bitcoin is better than gold, and vice versa. for me, this two have their own advantage, i store gold and i have bitcoin. maybe the one is not useful for now, but we never know at the end? and maybe the other is very useful for now, but we never know at the end.
Well each and every people varies in terms of preference in storing value and uniting of account so it really depends on what a particular person thinks of what is most secured and assured. But personally if I were asked what is more beneficial I'd say bitcoin of course coz it is considered a new economy class without making it less with its given risk. Also bitcoin offers a lot compared to gold since bitcoin is used on buying and selling, trading and payment means.
legendary
Activity: 1904
Merit: 1563
December 13, 2019, 09:22:49 AM
#41
We cannot agree more that these two are great investments. But if we are going to analyze that the price action of bitcoin we can say that it is maybe being manipulated by people who has a higher financial capacity which makes people go crazy if they see that the bitcoins price is increasing exponentially compared to gold which can lead to a market fraud.

I am not against bitcoin, but this is the only thing I am afraid of..

Gold and bitcoin are both considered as a speculative type of investment and we cannot easily determine what are the factors that drives their volatility. I considered bitcoin as a high risk high reward investment while gold is low risk but also a high reward investment...their only difference how much time you can wait..
legendary
Activity: 2436
Merit: 1232
Leading Crypto Sports Betting & Casino Platform
December 13, 2019, 07:35:11 AM
#40
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.
legendary
Activity: 3234
Merit: 5637
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December 13, 2019, 07:23:25 AM
#39
I don't agree with your words. Gold is proven investment and has its own rate of market return and price arc. It is wrong to compare it with Bitcoin. Gold has grown around 60% in last 4 years. I have some gold bonds in my portfolio and they are among my best performing assets in last 3 years.
I agree that there is no need to compare gold and Bitcoin, these are two completely different things. I just looked at the history of gold over the past 100 years and price per ounce in 1915 was $495, today is $1468. I know the numbers do not reflect everything that has happened in the past 100 years, but we can conclude that the value of gold in the past 105 years has increased by only $1000. It is also important to emphasize that gold had its peak in 1980 when the price reached $2200 per ounce.

Bitcoin is just 10 years old, and in that time no matter what some will disagree, it is one of the best assets (maybe even the best). Gold has a relatively stable price today, but it is not free from major declines (from 1980 to 2000 gold lost almost $2000 in value per ounce), which can always be repeated. Bitcoin, on the other hand, has constant growth that outpaces everything else, and that includes gold.


https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

sr. member
Activity: 2002
Merit: 250
December 13, 2019, 07:16:28 AM
#38
Wow, this OP is my former bounty manager in the early days of my account. Sadly, the majority of the tokens turned into shit. It's definitely a lesson learned for me. Grin
With this in mind, converting BTC to gold is way better than converting BTC to shitcoin. Gold has less volatility and can be used as a "limited" hedging instrument.
who do you mean about shitcoin? Are coins other than Bitcoin? haha, you surely know how the movement prices  of gold in the market, an increase of only 1-2% is good for gold, but if you exchange it to shitcoin you mean if you don't analyze it wrong I'm sure you will get 20-100% maybe, lots altcoin is starting to crawl up, Waves, XTZ, ATOM, TOMO, etc., this is a cycle, the altcoin season is coming soon
legendary
Activity: 1610
Merit: 1003
December 13, 2019, 07:15:40 AM
#37
some people will said that bitcoin is better than gold, and vice versa. for me, this two have their own advantage, i store gold and i have bitcoin. maybe the one is not useful for now, but we never know at the end? and maybe the other is very useful for now, but we never know at the end.
sr. member
Activity: 1372
Merit: 269
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December 13, 2019, 06:22:53 AM
#36
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.
Every person has their own perspective on what is better for them as an investment. It carries different point of view on how do we choose and decide. Maybe it is a win-win game for bitcoin in my part but not in others. They want to stack gold.
If you want to convert btc to gold then it is good since it is valuable. But take a look at different views from bitcoin and weigh both parties of which will be good for long run.
jr. member
Activity: 30
Merit: 1
December 13, 2019, 04:42:13 AM
#35
Gold is much safer when it comes to storing it, on the other hand, BTC is more like long term investment
sr. member
Activity: 1246
Merit: 254
Trphy.io
December 13, 2019, 03:30:47 AM
#34
Of course if you want to maintain the value of your investment assets, then you better exchange BTC to gold. Yeah the value of gold is always stable unlike Bitcoin which is always volatile price so you can quickly become rich or poor. And also gold is loved by all levels of society so that we can easily buy/sell.
hero member
Activity: 2464
Merit: 585
December 13, 2019, 03:25:52 AM
#33
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Gold is a good investment, based on what I have heard but I have not invested in it before. Bitcoin (BTC) is my first investment and that's mainly what I have been investing in with a few altcoins. If you're talking about saving your value for a long time with gold, well, there's nothing wrong with that because it is a stable investment and unlike Bitcoin it does not fluctuate a lot. But I like Bitcoin and right now I have no plans of investing in any other stock or assets.

We can say that gold is a much safer investment with a fairly stable price, but also with less opportunity to earn when compared to Bitcoin.
Even I am aware of that "safer" feature of gold, I like to invest with bitcoin alone because it's an asset that you can store on your device and other apps (mobile wallets) that you can use to access it easily, like Blockchain, Xapo and the rest of them. Gold is not like that, I have researched if there is any mobile that lets users invest in gold and hold it, but there is none. There used to be BitGold, but now they are no more.
sr. member
Activity: 854
Merit: 253
l0tt0.com
December 13, 2019, 03:07:39 AM
#32
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.
buy gold and buy bitcoin are in 2 different categories. For those who want to buy gold, they certainly want to hold their assets safely and without any strong growth in the long run. And for those who want to buy bitcoin, we can see their ambition of getting rich quickly. I think I would buy bitcoins instead of gold. The reason is because I want to get rich during my youngest age and be ready to fight this manipulating market. but I still have some belief that bitcoin can grow back to $ 50k or $ 60k in the future. Sharks will soon push prices up.
full member
Activity: 938
Merit: 137
December 13, 2019, 02:55:48 AM
#31
For people who wants no growth or profit out of the investment can buy gold with the bitcoin. The growth of bitcoin and gold has a big difference. Gold gives a very minimal growth compared to bitcoin that varies with a big margin. Same time here with bitcoin there is big risk of losing the capital while this risk isn't there with gold as there is no big volatility.
This, in fact, is the main difference between gold and bitcoin for an investor. If you need to ensure the safety of funds from inflation, then gold is better, and if you really need profit and you are ready to take risks, then in this situation, bitcoin is more suitable. At the same time, I doubt very much that in practice, many are faced with this choice, and not only because of bitcoin, but also about gold. Neither I nor my friends invested their money in gold. There are many other varieties and opportunities for profit and protect your savings from inflation.
copper member
Activity: 2324
Merit: 2142
Slots Enthusiast & Expert
December 13, 2019, 02:49:57 AM
#30
Wow, this OP is my former bounty manager in the early days of my account. Sadly, the majority of the tokens turned into shit. It's definitely a lesson learned for me. Grin
With this in mind, converting BTC to gold is way better than converting BTC to shitcoin. Gold has less volatility and can be used as a "limited" hedging instrument.
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
December 13, 2019, 02:29:57 AM
#29
Why not? you can't ignore the value of gold around the existing world, If you compare Gold with Bitcoin, then obviously, gold must be preferable to Bitcoin because of the credibility and acceptability to the local market and international market, wherever you go you must get a proper value when you have gold, but you can't do when you have Bitcoin, So the market is the vital issue regarding this way, but for the long-run investment on Gold, I think it's not a good idea, For me, Gold should be used for the short term investment.
sr. member
Activity: 868
Merit: 252
December 13, 2019, 01:40:44 AM
#28
bitcoin is best not gold because bitcoin will give you good profit and you can earn more money then the gold bitcoin is the future of the world and gold rates are not pumping like bitcoin and not make good money 2020 feels like a good year for bitcoin  So for now no selling of bitcoins for gold.
gold provides something safer and more comfortable, although the rate of increase is slow, but legal. I chose yes, but I have set it in a different investment source with separate capital.

For BTC, I remain focused on the opportunity and also all the risks. We are even still only speculating about what will happen to BTC starting next year, not something that is very certain. Staking btc is better in this regard.
newbie
Activity: 30
Merit: 0
December 13, 2019, 12:22:35 AM
#27
Gold is a good store of value but actually in stable times it generates almost zero income
sr. member
Activity: 1148
Merit: 268
December 12, 2019, 11:17:27 PM
#26
bitcoin is best not gold because bitcoin will give you good profit and you can earn more money then the gold bitcoin is the future of the world and gold rates are not pumping like bitcoin and not make good money 2020 feels like a good year for bitcoin  So for now no selling of bitcoins for gold.
sr. member
Activity: 1400
Merit: 273
December 12, 2019, 09:58:15 PM
#25
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

I voted for yes. It is not bad at all if you divide your investment between two of the most trusted store of value of the time. In fact, if we take a look at the track record of gold there is really no reason to fear about its value falling down. It does not easily happen. Since the time when civilizations started to develop, gold is already something that has value. So I guess it is even better not to focus solely on Bitcoin.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
December 12, 2019, 08:58:17 PM
#24
of course why should doubt that gold has been around a long time, even though now digital currencies are being developed will not make gold lost or desirable.
many say crypto will be the future for currencies and investment vehicles, but I also think gold will still be in demand even though crypto will become bigger.
Gold is more like a resort of wealth in the mind of many people. When it comes to gold, people don't consider it a mere precious metal but they have their belief that gold is the safest option to save their money from any crisis so stacking it is no brainer honestly, I will just follow the flow and enjoy the liquidity as well as having some portion of my money goes into BTC, though converting BTC to gold at this time being is not a bad idea either.
hero member
Activity: 1372
Merit: 564
December 12, 2019, 07:53:06 PM
#23
I am really the kind of person that likes diversifying my investments. I invested into real estate, bitcoin and altcoins, stock market and foreign currencies. I am do not have gold but I am not saying no to it. Maybe in the coming months I can buy some. Bitcoin on the other hand is more promising than gold due to halving. And I can feel that there are more positivism on bitcoin. 2020 feels like a good year for bitcoin. So for now, no selling of bitcoins for gold.  
It will be a good investment if you will put some of your bitcoin into gold, gold is not a bad investment, it has a great value also, it can be trade and sell worldwide, as time goes by , the price of it is increases also so I think you may consider gold as one of your investment aside from altcoins and bitcoin. I will buy some gold when I sold my altcoins next year, gold is a very good investment, although it is too expensive also per karat.
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