BTC to GOLD - page 3. | Bitcointalksearch.org

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legendary

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Its not that Gold is always the safest, its a base asset in the economic range of risk categorized types. So gold is the closest asset next to cash money as we've known it for decades, where as holding other types of asset is considered to be more flexible in supply and demand. Heres a chart I like to post often, originally designed by the FED to show asset types and how they might react to expansion or tightening in the constant price flow of an economy:

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This particular version is probably more realistic and reflective of current status for gold which is that is considered less tradable then FIAT or even Treasury debt I think. Traditionally gold should be at the base here, when all other prices become unstable the gold would stay most immune to any scare or disruption in the economy. The reason I'll always disagree gold is similar to BTC is that BTC is far more reliant on trade done, it requires that circulation to a greater extent and so I think its further up in the triangle in terms of risk and expansion, etc.
On the plus side that means BTC is very likely to gain value much quicker then gold ever will so long as it remains valid and useful.

tartibaya

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Bitcoin and gold graphs look alike. You can invest by buying Bitcoin or Gold. But it doesn't make sense to choose a bitcoin or gold. You can evaluate some of your investments with Bitcoin and some of your investments with Gold.

elisabetheva

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Quote from: carlzec on January 13, 2020, 04:52:40 PM

It makes sense to get bitcoin at low prices. But buying gold makes sense at almost any price. Gold prices are constantly going up. I have never seen a big drop in gold prices. You can see the gold chart of the last 20 years.

if the investment is actually between bitcoin and gold, it is certainly different because there are different references. I agree with you that if investing in gold is believed to be the safest investment, but to find a pretty good profit is not recommended for gold investment, still a very good bitcoin for the price value. but it must be remembered that the tendency to seek big profits will also result in the risk of large losses, if not analyzed properly and correctly.

muarip

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WATANABE

Quote from: onrise on January 11, 2020, 11:06:25 AM

Quote from: muarip on January 09, 2020, 10:19:02 AM

Until now gold is the right choice because the price does not experience a drastic decline and it is different from Bitcoin which can make you heart attack with prices that keep changing.

I will continue to invest and keep btc only and not go for gold because gold is stable and uprise may not be that much while on other hand in coming time bitcoin is going to just rise and move ahead so better to stay invested in bitcoin only .

It could have happened because Bitcoin also came from coins with low value and until now experienced a drastic increase. Everyone has the right to choose what to invest.

carlzec

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It makes sense to get bitcoin at low prices. But buying gold makes sense at almost any price. Gold prices are constantly going up. I have never seen a big drop in gold prices. You can see the gold chart of the last 20 years.

wack slacker

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Gold will be more stable, slower and more predictable. I was wrong not to believe the advice of the elders. I lost a lot of money for Bitcoin and other altcoins. Now is not the time for bitcoin to grow, but I believe that after halving occurs, it will increase in value more quickly.

FLoving

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Quote from: Colt81 on January 13, 2020, 01:00:30 PM

In my own opinion, It is not good to convert your bitcoin into gold even my funds is much safer to store in gold because bitcoin is still profitable than gold in a long-term investment, that is why it is much better if you just convert your gold into bitcoin because it will give you a more better result to your funds when it's price started increase.

I will also favor you because we invest in any asset to get profit and that asset will be more favorable for any investors which will give higher and faster profit so if we compare the profit of bitcoin and gold then we find bitcoin as an asset which give a faster and higher profit. Many of us know that in the recent days the price of gold increased but we saw that much increase in the price of gold after years while in bitcoin we see much higher profit every time.

Triffin

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Quote from: cutesgirl on January 11, 2020, 02:15:06 PM

I will hold both bitcoin and gold, when loss with bitcoin we have gold as investment assets and get profit with investment, but when bitcoin increase with higher price I think we got double profit way from gold and bitcoin, always have time and moment where we need invest both with gold and bitcoin because looks profitable.

Yeah mate and you are right right investing your money in both of assets like bitcoin and gold is very good idea but I think in bitcoin investment have no any risk loss of money, and the price of gold is depend on the economy of a country and we can not predict it easily so that is why I like bitcoin investment .

Colt81

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In my own opinion, It is not good to convert your bitcoin into gold even my funds is much safer to store in gold because bitcoin is still profitable than gold in a long-term investment, that is why it is much better if you just convert your gold into bitcoin because it will give you a more better result to your funds when it's price started increase.

BChydro

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Quote from: Barbut on January 09, 2020, 07:30:43 AM

I wouldn't sell my Bitcoins for Gold! I would sell Gold to buy Bitcoin, but I don't have any. It is my opinion, Bitcoin is better than Gold, in every possible way. It's a better investment, in the past 10 year Bitcoin made higher rise in price than Gold. Bitcoin is easier to use, and you can use it for many things, what you can do with Gold?

I will not dare to sell gold to invest in bitcoin as gold is a standard that is used for centuries as an investment asset and a store of value and right now bitcoin claims to be the digital gold but would you trust a century old physical asset or a virtual asset that is created recently as a store of value. I invested in bitcoin in its early inception and i will be holding that till it reaches its optimum valuation but i am not too confident to convert my other assets to bitcoin for that matter.

thottum

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Quote from: kesmex on January 11, 2020, 07:24:18 PM

converting Bitcoin to gold right now is an action that you seem to have avoided this year,
you could be regret it, in my opinion you better trade and as a result you can buy gold

That's right major bull seen in the gold market was during the 2008 recession at that time Bitcoin was not there but its the one which fueled the rise of Bitcoin. Gold price movements will not be huge usually its volatility is low because volatility always gives the opportunity to enter at a good price. So BTC returns would outpace gold IMO where the halving event awaits for BTC which reduces the volume that comes into the market each day and current economic slowdown where several analysts expect a major crash in stocks later this year or next year.

kesmex

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converting Bitcoin to gold right now is an action that you seem to have avoided this year,
you could be regret it, in my opinion you better trade and as a result you can buy gold

cutesgirl

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I will hold both bitcoin and gold, when loss with bitcoin we have gold as investment assets and get profit with investment, but when bitcoin increase with higher price I think we got double profit way from gold and bitcoin, always have time and moment where we need invest both with gold and bitcoin because looks profitable.

GideonGono

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For me that was not because gold can take a longer time before it would increase unlike bitcoin can increase in short time but the difference was the risk by the gold of sure profit in a long period of time unlike bitcoin that would a chance to become a bubble.

muarip

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WATANABE

Until now gold is the right choice because the price does not experience a drastic decline and it is different from Bitcoin which can make you heart attack with prices that keep changing.

Faxmate

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Quote from: onrise on January 11, 2020, 11:06:25 AM

Quote from: muarip on January 09, 2020, 10:19:02 AM

Until now gold is the right choice because the price does not experience a drastic decline and it is different from Bitcoin which can make you heart attack with prices that keep changing.

I will continue to invest and keep btc only and not go for gold because gold is stable and uprise may not be that much while on other hand in coming time bitcoin is going to just rise and move ahead so better to stay invested in bitcoin only .

yes i will always suggest bitcoin for investment because of the quick profit, and i think it is very foolish for preferring gold over bitcoin, let think that somebody has invested money in gold and the price unpredictably comes down so now we know that gold is stable enough that the money will not recover easily in years, but in bitcoin even if the price comes down it recovers very easily in less time.

onrise

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Quote from: muarip on January 09, 2020, 10:19:02 AM

Until now gold is the right choice because the price does not experience a drastic decline and it is different from Bitcoin which can make you heart attack with prices that keep changing.

I will continue to invest and keep btc only and not go for gold because gold is stable and uprise may not be that much while on other hand in coming time bitcoin is going to just rise and move ahead so better to stay invested in bitcoin only .

bearexin

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Quote from: btcltcdigger on December 12, 2019, 08:34:00 AM

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

Feel free to elaborate your answer.

Gold is a good investment, if you feel like to invest in it then you should go ahead. There have even been an increase recently and it seems like the price keeps going up.

I have once bought gold and silver, I stopped buying them when I started investing in bitcoin and instead of buying gold I just buy Bitcoin and keep the rest of the money as fiat in my bank account as dollar and our main currency. The reason I stopped investing in gold is because I have much focus on cryptocurrency and since then I stopped looking at other investments, and Bitcoin also changed my life.

Salamstar

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Bitcoin will be like gold in the world of Crypto.
Making a comparison between gold and bitcoin is not correct, as it is akin to comparing the ocean in the sky with gold in local currencies. If a central currency appears attached to the gold and is based on the blockchain to facilitate transactions and transfer them, it will be the ideal currency until then, the alternative to gold is the currencies based on stable blockchain.

ontrackk

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I think if you've got an idea to convert any BTC to Gold, it's no problem. This means you want to sell your assets and make sure that in a single investment you don't foresee anything. It's usual and it's your own money, so it's all up to you. But I have to criticise people who said there is no good future for Bitcoin investment. They're not sure, but why they're here

Topic: BTC to GOLD - page 3. (Read 2562 times)