BTC to GOLD - page 6. | Bitcointalksearch.org

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Quote from: senne on December 27, 2019, 02:17:30 PM

The same hold true for the Bitcoin itself. Bitcoin is also not in any correlation with stock market and hence can be used for diversifying the portfolio

I somewhat disagree with this opinion

As you further note in your post, the main difference lies in the volatility part. Any you are right since it is the exact reason why you think there's no correlation between Bitcoin and the stock market. Simply put, Bitcoin's volatility is hiding this correlation, but you can be damn sure it is still there (only gold and other precious metals are negatively correlated to regular stocks in a genuine way)

Bitcoin is a highly speculative asset, and it is the same speculative money that gets poured into stocks and cryptocurrencies alike (with more emphasis on the speculative part in case of crypto). So, as far as major trends and market shifts are concerned (think financial crisis here), I for one expect Bitcoin as well as other cryptocurrencies to behave in a pretty predictable way (read, they will crash along with the stock market)

markj113

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Quote from: AirdropFreak1968 on December 27, 2019, 02:13:29 PM

Yes I think it would be a good thing to convert BTC to GOLD especially since i am an American and our money is based on the value of gold. Right now BTC is not really recognized as money in the UNITED STATES but I hope it will be soon enough.

hate to burst your bubble but your USD fiat hasn't had any relation to gold in quite some time

senne

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Gold has been the preferred form of alternative investment to hedge your portfolio from market risk. Gold isn't directly in correlation with stock market. That's why people invest in it. The same hold true for the Bitcoin itself. Bitcoin is also not in any correlation with stock market and hence can be used for diversifying the portfolio.
But the main difference lies in the volatility part. Where hold is relatively stable, Bitcoin tends to move extensively. So, I would suggest you can go for gold if you started having low tolerance to uncertainty and high volatility.

AirdropFreak1968

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Yes I think it would be a good thing to convert BTC to GOLD especially since i am an American and our money is based on the value of gold. Right now BTC is not really recognized as money in the UNITED STATES but I hope it will be soon enough.

wheelz1200

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Everyone keeps saying either or. But do you actually think putting all of your net worth into one asset class (cryptocurrency) is an actually smart idea? This is how people go broke, not build their worth up. I LOVE crypto and think there is huge growth potential, that doesnt mean I am going to put all my worth into it.

ChrisPop

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Well.. I'd much rather invest into real estate than in Gold. Gold has a major flaw of not being fungible and it lacks at the portability factor. Regarding its utility it is just a hard metal used in manufacturing chips and jewelry. Other than that it is just a metal with special properties and God knows how much supply is left in the ground and if we are going to find plenty of it or another metal that could perform better than it, on an asteroid or planet. Bitcoin is limited by design and we can't mine more of it. Also Gold has been rising over time very slowly for my taste. I do feel that nowadays the opportunity is in Bitcoin and cryptocurrencies not in commodities.

wheelz1200

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Quote from: qumatru on December 25, 2019, 01:03:17 PM

Quote from: wheelz1200 on December 24, 2019, 11:08:11 AM

I think everyone looking to really build a portfolio and all you are sitting with is gold then yeah I would definately convert some to gold. Even if bitcoin outperforms gold that is fine. It's always good to diversify so that you limit your downside risk in your overall financial portfolio

Gold have been basically there for centuries and was used as a mean of currency. These days we are using it in jewelry simply. It is no more used as a mode of payment. Gold does not increase in value as much as bitcoin or digital currencies other famous projects. If I were you, I would have even converted gold into bitcoin. If you want real diversity, diversify your profile with crypto currencies. Pair up bitcoin with ethereum.

That's just rediculous. What I mean by diversifying your assets is by diversifying by completely different asset classes. AAA bonds dont make you a lot of money but they are much more secure that pink sheet stocks. Ypu dont diversify amongst pink sheet stocks and call that a well rounded portfolio. If all of your net worth is in crypto you are a silly man. I'm fully on board with crypto but that doesnt mean you dont dabble into anything else....and adding eth, lol no thanks Wink

Iyanjr

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Quote from: MancyZz on December 26, 2019, 03:24:50 PM

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.

No, convert bitcoin to gold just makes profit with long time. gold good for invesment but to take profit need long time than bitcoin
hold bitcoin maybe for next year, i think it will bring profit but not sure with gold can do it, so better to hold bitcoin and keep it untill increase high price you can get profit

Bitcoin is incredibly volatile, but year after year it shows stable growth. I agree with you on that - we should better invest in btc

MancyZz

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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.

No, convert bitcoin to gold just makes profit with long time. gold good for invesment but to take profit need long time than bitcoin
hold bitcoin maybe for next year, i think it will bring profit but not sure with gold can do it, so better to hold bitcoin and keep it untill increase high price you can get profit

zhekinsp

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I will not buy or sell gold nor the bitcoin,I will keep the things as it is.I decided to buy gold in 2020 but it doesn't mean I will convert by BTC to do that only investment made on gold from my fiat savings which I am keeping for this entire year.

Oneandpure

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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.

My opinion disagree for stock gold than bitcoin, although more safety investing with gold but bitcoin look profitable for investing although long or short time. Lest check with your investing in gold where you only take profit not higher than 10% for one years, and how come if you are investing with bitcoin maybe just one day you can earn more than 10% profit.

BChydro

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Quote from: ChronoLite on December 24, 2019, 02:46:49 PM

gold is always your best bet to gain profit in long term purpose as the behavior of gold like everyone already knows. even bitcoin is the fastest way to actually earn money but it's not that case if you can't get anything from it as the price right now is really bad honestly. would prefer to invest on gold instead in this situation.

If you are planning to invest in bitcoin, then this is the best time to invest when the market is going down and not when the market is rallying, if you are smart enough and planning to invest in bitcoin thinking that the price would always rally after the halving then you will invest in it when ever the price of bitcoin goes down and then wait for a couple of years to reap your profit, gold is always a long term investment and the safest option if you are able to invest at the right time.

owengtam09

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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.

We can buy gold even without using our bitcoin and we can invest bitcoin and gold at the same time as long as we have enough capital for it. It is better to have a multiple investment so that we can also have multiple earnings and multiple ideas as well because we can analyze them both.

alyssa85

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Gold is starting to rise again, towards $1500:

https://www.bloomberg.com/news/articles/2019-12-26/gold-makes-headway-above-1-500-as-2020-comes-into-closer-focus

Quote

Gold is up 17% this year -- set for the best showing since 2010 -- as investors weighed the benefit of havens amid the to-and-fro of the U.S.-China trade war and a run of central bank easing. The latest tick higher came even as Asian stocks edged up, and Donald Trump said Tuesday a deal with Beijing is “done.”

Bitcoin is up even more this year than gold of course, but the same things driving gold are driving bitcoin.

In 2020, the most important event will be the selection of the Democratic candidate. If it's someone moderate like Biden or Buttigieg, then the markets will be calm. If it's someone leftwing than the markets won't be calm.

In the run up to the UK general election, the pound was subdued, and shares of utilities were depressed (people had sold just in case Corbyn was elected). Once the conservatives won, both the pound and the stock market surged.

That dynamic will be in play in the US to the power of a 1000. If the Dems go for a left-winger, gold, bitcoin and safehaven stuff will soar.

karanggatak

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for the time being I think is an inappropriate decision if we sell part of our bitcoin to buy gold. because in a few months bitcoin will be reduced by half and most bitcoin holders predict that after half the bitcoin will pump. so it's better we keep holding bitcoin don't convert it to gold. gold is also a good investment tool because its value is also increasing every year. but of course the rise of bitcoin is much higher than gold.

doomistake

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Quote from: wheelz1200 on December 24, 2019, 03:45:26 PM

Quote from: ChronoLite on December 24, 2019, 02:46:49 PM

Quote from: wheelz1200 on December 24, 2019, 11:08:11 AM

I think everyone looking to really build a portfolio and all you are sitting with is gold then yeah I would definately convert some to gold. Even if bitcoin outperforms gold that is fine.

gold is always your best bet to gain profit in long term purpose as the behavior of gold like everyone already knows. even bitcoin is the fastest way to actually earn money but it's not that case if you can't get anything from it as the price right now is really bad honestly. would prefer to invest on gold instead in this situation.

The price is really bad for bitcoin, then that's when you want to buy, and sell when the price is really good (higher) you need a really bad market to make money in a good market no way around that,

I agree, not even the best bet he was saying to gain profits, selling your bitcoins for gold is completely a suicidal mission for your profits, but I guess a naïve guy would do this if didn't know that much about the cryptocurrency market and how this market works.

Quote from: wheelz1200 on December 24, 2019, 03:45:26 PM

just have to get comfortable when things are red Wink

Correct, there is no better way but to get used to this bearish trend we are on right now, and to take advantage of it as much as we can, this is the only way we could gain profits and not to convert our bitcoin to gold.

BartS

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Quote from: barabarian1 on December 20, 2019, 02:26:37 AM

Quote from: BartS on December 20, 2019, 12:49:01 AM

Quote from: barabarian1 on December 18, 2019, 07:34:35 AM

in my opinion saving our wealth in the form of gold is not a bad thing. because the value of gold also continues to increase every year. besides investing in bitcoin I also invest in gold. when I make a profit from bitcoin trading I always take some of that profit to buy gold. I chose gold because gold is always acceptable everywhere and its value also tends to increase. but of course in terms of bitcoin investment benefits can provide more benefits than gold.

It really depends on what are your goals, bitcoin is many times more volatile than gold and depending on the level of your wealth this can be good or bad, if you already have a lot of money and the only purpose of your investment is to try to keep most of it and if possible to earn some profits then gold is by far the best choice.

But if you are like most of us and you are not satisfied with your level of wealth and your main purpose for investing in anything is to obtain as many profits as possible then it doesn't seem to be a good idea to convert your bitcoin to gold when you can obtain more profits with bitcoin.

I have never changed my bitcoin to gold. I wrote earlier that when I profit from bitcoin trading I will use part of the profits to buy gold. because I am afraid in the future if something bad happens, for example when the world experiences a major disaster and the internet network dies, I will not be able to access my bitcoin. then I can still count on my gold. gold can be a store of good and reliable value when something bad happens.

It is a very good thing that you have a very clear idea of what are your goals, and I understand completely what you are talking about because I have thought the same but in my case I do not really feel comfortable with the amount of bitcoin I'm holding.

So the strategy that I want to employ for the next years is to trade cryptocurrencies and if possible double or even triple the amount of bitcoin that I'm holding and once that happens then I will be willing to convert some of my bitcoin to gold.

qumatru

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Quote from: wheelz1200 on December 24, 2019, 11:08:11 AM

I think everyone looking to really build a portfolio and all you are sitting with is gold then yeah I would definately convert some to gold. Even if bitcoin outperforms gold that is fine. It's always good to diversify so that you limit your downside risk in your overall financial portfolio

Gold have been basically there for centuries and was used as a mean of currency. These days we are using it in jewelry simply. It is no more used as a mode of payment. Gold does not increase in value as much as bitcoin or digital currencies other famous projects. If I were you, I would have even converted gold into bitcoin. If you want real diversity, diversify your profile with crypto currencies. Pair up bitcoin with ethereum.

FLoving

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Quote from: wheelz1200 on December 24, 2019, 11:08:11 AM

I think everyone looking to really build a portfolio and all you are sitting with is gold then yeah I would definately convert some to gold. Even if bitcoin outperforms gold that is fine. It's always good to diversify so that you limit your downside risk in your overall financial portfolio

It is right to diversify our investment but in gold I do not think there is further profit as the value of gold increases much slower and we the crypto users now wanted to get high profit as from the beginning we are getting high profit in bitcoin. I know the future of bitcoin and because of that I am try to invest most of my money in bitcoin. I not spend only that amount in bitcoin which I need for my daily needs and for my family.

wheelz1200

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Quote from: ChronoLite on December 24, 2019, 02:46:49 PM

Quote from: wheelz1200 on December 24, 2019, 11:08:11 AM

I think everyone looking to really build a portfolio and all you are sitting with is gold then yeah I would definately convert some to gold. Even if bitcoin outperforms gold that is fine.

gold is always your best bet to gain profit in long term purpose as the behavior of gold like everyone already knows. even bitcoin is the fastest way to actually earn money but it's not that case if you can't get anything from it as the price right now is really bad honestly. would prefer to invest on gold instead in this situation.

The price is really bad for bitcoin, then that's when you want to buy, and sell when the price is really good (higher) you need a really bad market to make money in a good market no way around that, just have to get comfortable when things are red Wink

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