Topic: BTC to GOLD - page 4. (Read 2562 times)
In my view it is not a bad thing to save our wealth in the form of gold. Because the gold value keeps rising every year as well. I also invest in gold in addition to investing in bitcoin. I always take some of that profit to buy gold when I make a profit from bitcoin trading. I chose gold because gold is always acceptable everywhere, and it tends to increase its value as well. But, of course, more benefits can be provided in terms of bitcoin investment benefits than gold.
I voted no, all because what I can sense in the future. Yes, gold will still remain valuable but in the future here in the modern world things like bitcoin would be a mainstream thing to have.
In terms of what we can possibly earn comparing to storing all our money to bitcoin or gold, yes gold will have a more stable increase in price per year with small risk. While placing it in bitcoin yes the risk is higher but the returns can be bigger I'm the type of person who wants to risk, if I lose then I lose learn from it if I win then it'll be the best feeling in the world.
In terms of what we can possibly earn comparing to storing all our money to bitcoin or gold, yes gold will have a more stable increase in price per year with small risk. While placing it in bitcoin yes the risk is higher but the returns can be bigger I'm the type of person who wants to risk, if I lose then I lose learn from it if I win then it'll be the best feeling in the world.
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 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
That is the cryptocurrency community in a nutshell. Most of the people here are past haters of bitcoin or other cryptocurrency. They used to it because of the volatility and the manipulation within the market but look at them now, they are slowly putting their money into cryptocurrencies because of the profits that they got from their experiences of investing. 
In my view it is not a bad thing to save our wealth in the form of gold. Because the gold value keeps rising every year as well. I also invest in gold in addition to investing in bitcoin. I always take some of that profit to buy gold when I make a profit from bitcoin trading. I chose gold because gold is always acceptable everywhere, and it tends to increase its value as well. But, of course, more benefits can be provided in terms of bitcoin investment benefits than gold
Are you really into gold?
Cause if you were, you would certainly know that gold is not a very profitable investment overall, and has been that way for quite some time by now. And it is definitely not like it "keeps rising every year" as it was stagnant for over 5 years since 2013 and till 2019, while its dollar price is still a far cry from what it had been in summer 2011. It may be rising in terms of some regional currency indeed (say, the Venezuelan bolivar), but that only shows depreciation of that currency, not gold itself becoming more valuable over time
I have a banker in Zurich who can sell gold bars for BTC at spot price. I can connect you with him directly just for 0.1% agent commission.
Today btc and gold look have the same ideas where together between gold and bitcoin go to higher price, they have the same promise how to make investor earn profit whit bitcoin and gold as their investment, I think when raising higher price best moment for selling between gold and bitcoin then waiting for investing whit lower price.
in fact what you say can also be true that bitcoin and gold have the same idea. certainly is for long term investment. but if you want to be seen in more detail there is quite a significant difference between bitcoin and gold.bitcoin is an investment that can generate a lot of profits but if one gets analyzed it will suffer huge losses too. but not with gold, because gold always seems to be influenced by the movement of the value of the US dollar and not too significant difference between buying and selling.
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
Feel free to elaborate your answer.
Everyone knows the famous quote that 'Don't put all your eggs into single basket". The allocation to each and every asset class depends on each individual financial profile and risk-taking ability. Its always good to have some exposure to gold which will stabilize the portfolio as it is less volatile when compared to others. BTC is in a position of make or break after being consolidated at this price level for quite some time. Because of the geopolitical issues and halving the probability of BTC moving up is high. Its always probability game in any kind of market so I would suggest higher exposure in BTC than gold if your risk profile allows.
It's still a good idea because the price of bitcoin is unstable and we can't deny it, investing in both will be the choice we can choose to invest in more focus. I believe that choosing bitcoin and gold for investment is not a bad thing because after all they are very good assets to hold and also trade, gold and bitcoin have value which of course will produce a profit for users who carefully look at every opportunity that exists.
Today btc and gold look have the same ideas where together between gold and bitcoin go to higher price, they have the same promise how to make investor earn profit whit bitcoin and gold as their investment, I think when raising higher price best moment for selling between gold and bitcoin then waiting for investing whit lower price.
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
have tried to hold Gold way back,when we are just newly wed and trust me there is no good profit and sometimes the value becomes lower when time comes you need to sell out.Feel free to elaborate your answer.
not like in Bitcoin?when good timing comes?at least you can Profit 1-5% in just a week or so(but of course there is a dumping stage that if not luck?losing is what you've got.
In converting some of the funds from BTC into gold, the point is to hedge against large price fluctuations. It is true that you can earn a lot on the price of Bitcoin, but you can also lose a lot. Gold protects us against any large loss.
There's always relativity once you are into investment, people who knows to balance always find ways to look for additional ways to invest
their money. A smart move in order to have a best outcome in long term process.
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
have tried to hold Gold way back,when we are just newly wed and trust me there is no good profit and sometimes the value becomes lower when time comes you need to sell out.Feel free to elaborate your answer.
not like in Bitcoin?when good timing comes?at least you can Profit 1-5% in just a week or so(but of course there is a dumping stage that if not luck?losing is what you've got.
In converting some of the funds from BTC into gold, the point is to hedge against large price fluctuations. It is true that you can earn a lot on the price of Bitcoin, but you can also lose a lot. Gold protects us against any large loss.
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
have tried to hold Gold way back,when we are just newly wed and trust me there is no good profit and sometimes the value becomes lower when time comes you need to sell out.Feel free to elaborate your answer.
not like in Bitcoin?when good timing comes?at least you can Profit 1-5% in just a week or so(but of course there is a dumping stage that if not luck?losing is what you've got.
In my opinion it is not a good idea to convert Bitcoin to Gold, because in 2020 bitcoin will rise and the price is likely will return to $ 20k.
Moreover, bitcoin will happen halving this year, if we look at the history of halving bitcoin then it's likely this year halving will also make
the price of bitcoin rise. Therefore, if we convert to gold, we will miss the opportunity to earn big profit. So in my opinion you should
convert to gold postponed first. If we succeed in getting profit from bitcoin, the profit can be converted into gold.
for now, turning bitcoin into gold is not recommended. but when you have sold the bitcoin that you already have at a high price, you are free to sell it for other things, and the other best thing is gold. those are the things that I think about when bitcoin prices go up. this is tantamount to turning investments into long-term investments like money that has a fixed price. Moreover, bitcoin will happen halving this year, if we look at the history of halving bitcoin then it's likely this year halving will also make
the price of bitcoin rise. Therefore, if we convert to gold, we will miss the opportunity to earn big profit. So in my opinion you should
convert to gold postponed first. If we succeed in getting profit from bitcoin, the profit can be converted into gold.
I would have selected Gold as the price of gold is peaking to its all time high and still has the potential to go up with all the war scene cooking up. If there is a war in future then the gold price will definitely go higher than expectation. BTC also trying to break the resistance and may well go past $10k this month.
Hold gold is always a good option in investing. And in this case, I would also choose to invest in gold and this market at the same time. I will diversify investments and not invest all the money I have in a portfolio. Recently, the political situation between the US and Iran has been very tense and it has caused the price of gold to rise rapidly. If you have bought gold then surely you have profit at least $ 100 on 1 tael
As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
Why not? Gold has always been a reliable asset, while Bitcoin has only been around for a decade; it's hard to put all faith in Bitcoin. With the current situation, when the economy is unstable, and the political situation is also increasingly tense, Gold is not a wrong choice to protect the value of everyone's assets.Feel free to elaborate your answer.
Also, I always remind myself to put money into different types of assets as long as I can buy and manage them. Real estate, housing, gold, Bitcoin, or even some savings amount are all assets I save.
It is always good to diversify your investments. Often users say that it is good to buy several different cryptocurrencies in order not to put all the eggs in one basket. However, investing only in cryptocurrencies is not safe, because we've all seen what has happened in the last two years. There was no secure cryptocurrency, prices of all of them went down. I think it is a good idea to split money into gold and BTC
It's a good idea, Bitcoin is too volatile, storing your wealth only in it is dangerous.
I'm a high risk investor so I will not "yet" convert my bitcoin to gold unless the market crashed. I said "yet" on purposely because I plan to convert it when the financial crisis comes. Even I'm a high risk investor, I still have plan to protect my funds and by converting my bitcoin to gold can help my funds to be protected. Gold is a safe investment and it can help us to survive if the financial crisis will come.
I don't think for now, I personally will only convert to gold if bitcoin has surged in price, thus securing my assets. for now the price of bitcoin is still below and has a big chance to go up and if we compare, then the profit from bitcoin investment is greater than gold for nowJump to: