Investors dumping gold-switching to bitcoin? - page 2.

zero1ten

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Quote from: digitokash on January 25, 2017, 02:45:00 PM

Was reading a review about Simpefx day trading platform. As Im looking to get into Forex trading, and get away from gold. (for now)
Looks like im not the only one. Tons of investors are dumping gold....

"Gold has been on a wild ride since the U.S. election, plummeting immediately after Election Day and regaining a bit of ground since the final week of 2016."

Full Article Here

Not surprised with this development as bitcoin is way more easily accessible to use to buy and sell stuff than gold.

JL421

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Why wouldn't they switch to bitcoin from gold. There are so many reasons why bitcoin is anyday better than gold.
Our purchased gold 5 years agoand now it's value it almost half and is still on the fall. I wouldn't trust gold as the price is controlled indirectly by the government. Comparing gold with bitcoin I purchases few bitcoins right after the bitfinex hack and now I'm getting returns of 70% just in 7 months while gold getting returns of -40% after 5-7 years

btcdiggingmaster

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Quote from: LEEMEEGO on February 15, 2017, 12:37:32 AM

Quote from: Senor.Bla on January 25, 2017, 02:57:30 PM

A trader should appreciate a wild ride, since this is how the make money. But Bitcoin price is usually also all over the place most of the time. However dumping all your Gold and putting it all on Bitcoin is not a smart move. Taking out a portion of your Gold and buying Bitcoin on the other hand is a good move.

good point. gold is more stable than bitcoin. it has been in the industry decades ago. so if one plans to switch and let go all of his gold, that would definitely a wrong move.. its better to still have a part of gold and at the same time a part of bitcoin. with this one can still have a stable investment.

Exactly, people who switching from gold to bitcoin is bad idea because gold is stable price always and governments are in control with gold and it is treated as commodity. But where as bitcoin is crypto currency and mostly it is digital asset and government don't have any control over it. Better don't switch completely to bitcoin because we don't know what is going to happen tomorrow.

numismatist

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Quote from: andrei56 on February 15, 2017, 12:55:17 AM

Real gold bugs are not going to sell their gold, just for a price fluctuation, they are probably planning to hold for the entire lives, so those that are making the switch are speculators trying to get more profits, I don’t blame them just stating things as they are.

@andrei56 you got it Cheesy

yes the plot is all about to pay the debt of nature finally filthy ritch, marvelling about where live has been gone nearby.

Confessions of a bug: I'm doing both. Bitcoins and Bullion coins. For reasons like diversification, and different timescales of course. Both have their advantages and handicaps. On my personal ranking gold and bitcoin are playing on a similar level both aren't infinitely inflateable.

shintosai

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Quote from: andrei56 on February 15, 2017, 12:55:17 AM

Quote from: digitokash on January 25, 2017, 02:45:00 PM

Was reading a review about Simpefx day trading platform. As Im looking to get into Forex trading, and get away from gold. (for now)
Looks like im not the only one. Tons of investors are dumping gold....

"Gold has been on a wild ride since the U.S. election, plummeting immediately after Election Day and regaining a bit of ground since the final week of 2016."

Full Article Here

Real gold bugs are not going to sell their gold, just for a price fluctuation, they are probably planning to hold for the entire lives, so those that are making the switch are speculators trying to get more profits, I don’t blame them just stating things as they are.

that's right in terms of real investors, they surely not fall right away with those fluctuations but i guess if things continue to be like this their interest will be gather as well we knew investors and businessman loves to the quest where they can find much bigger opportunities, lets see how can they see the future of btc.

andrei56

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Quote from: digitokash on January 25, 2017, 02:45:00 PM

Was reading a review about Simpefx day trading platform. As Im looking to get into Forex trading, and get away from gold. (for now)
Looks like im not the only one. Tons of investors are dumping gold....

"Gold has been on a wild ride since the U.S. election, plummeting immediately after Election Day and regaining a bit of ground since the final week of 2016."

Full Article Here

Real gold bugs are not going to sell their gold, just for a price fluctuation, they are probably planning to hold for the entire lives, so those that are making the switch are speculators trying to get more profits, I don’t blame them just stating things as they are.

Grdas130979

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The truth is out there

Gold is the store of value for countries, which gather vast amounts of it. So if we could just see a country choose to have 1% of its capital in BTC it would be huge. But i dont see it in the near future

LEEMEEGO

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Quote from: Senor.Bla on January 25, 2017, 02:57:30 PM

A trader should appreciate a wild ride, since this is how the make money. But Bitcoin price is usually also all over the place most of the time. However dumping all your Gold and putting it all on Bitcoin is not a smart move. Taking out a portion of your Gold and buying Bitcoin on the other hand is a good move.

good point. gold is more stable than bitcoin. it has been in the industry decades ago. so if one plans to switch and let go all of his gold, that would definitely a wrong move.. its better to still have a part of gold and at the same time a part of bitcoin. with this one can still have a stable investment.

squatz1

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Source doesn't really seem reputable in the least as it seems like a biased site towards digital currencies / cryptocurrencies such as bitcoin. If a site is going to make a bold claim like this, it should be from someone who is known for good business reporting such as Forbes.

Quote from: Nathan047 on February 14, 2017, 09:28:12 PM

I guess if investors have started to diversify and buy bitcoin on a large scale that means the price of bitcoin will be going up. Lets hope for the best.

If people are just going to be using bitcoin as an investment platform and day trading, it's going to make bitcoin more volatile than it already is causing. That's a huge issue we should PRAY to avoid

Nathan047

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I guess if investors have started to diversify and buy bitcoin on a large scale that means the price of bitcoin will be going up. Lets hope for the best.

Mometaskers

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Quote from: talkbitcoin on January 26, 2017, 12:07:01 PM

gold is mostly good to hold as jewelries and things like that, so you can get some usage out of it while being an investment. otherwise i think just buying and holding gold is not going to give you much profit and trading in market that big is much harder for profit making.

and i think one of the reason why investors are switching to bitcoin is the potential of going up to the moon, and they have always been investing in bitcoin in the past years.

I do agree with this, I know some people do this. They get to use their jewelries and should they fall into hard times, they can just quickly take those to pawnshops. Sure, they'd haggle you down but you get your cash quickly. Try rush selling bullion.

Back to topic, seems they're buying up bitcoins after they saw the price increase and then stabilized. All in all bitcoin is a good investment as long as you just hold or grow it. If I were in their position though and have gold, I'd still choose to keep part of it. Diversification is still a good strategy.

Pab

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Dollar up gold down and vice versa it is simple game.Bitcoin is different story.I am optimistic about bitcoin and i see btc at 2000$.

talkbitcoin

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All I know is that I know nothing.

gold is mostly good to hold as jewelries and things like that, so you can get some usage out of it while being an investment. otherwise i think just buying and holding gold is not going to give you much profit and trading in market that big is much harder for profit making.

and i think one of the reason why investors are switching to bitcoin is the potential of going up to the moon, and they have always been investing in bitcoin in the past years.

Catmony

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Gold price use to remain almost constant throughout the year so investors can't make big profit just holding gold, they need to trade actively on every price swing to earn something out of their gold. But with bitcoin they can just hold their bitcoin and earn passively on end of each year. Price of bitcoin used to make big swings and also in long term trading, price is growing in higher rate than gold. So investors are switching towards bitcoin from gold.

Kotone

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Quote from: digitokash on January 25, 2017, 02:45:00 PM

Was reading a review about Simpefx day trading platform. As Im looking to get into Forex trading, and get away from gold. (for now)
Looks like im not the only one. Tons of investors are dumping gold....

"Gold has been on a wild ride since the U.S. election, plummeting immediately after Election Day and regaining a bit of ground since the final week of 2016."

Full Article Here

Bitcoin has really good features in the end of the month i read it into one article about bitcoin saying that bitcoin can really reach speculation price of 2000$ usd dollar per coin, And other company now are starting to use bitcoin also investors who really switch their gold or their are now selling gold and switch into bitcoin.

webtricks

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I don't think so. The investor base of Gold and Bitcoin are two different from each other.
Gold investors are still traditional ones and don't have much interest in tech based Bitcoin. However, we can compare between stock investors and bitcoin investors.
Also in my country, Gold has highest rate in 2015 and now around 5-6% below highest. So Bitcoin doesn't marked much impact on it.

jakelyson

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So this is the reason the price of gold is dropping. It already shed 30$ just this week. I am just monitoring it for Spark Profit.

Quote from: ipanks on January 26, 2017, 08:53:08 AM

since i don't use gold as my investment, i never knew that investors dumping gold and if they are switching to bitcoin and if this news is real, it will be good for bitcoin because more people will using bitcoin and they will use bitcoin for many ways and not just for trading. beside that, in forex, we know that bitcoin is used to trade and forex have leverage to gain more bitcoin.

You are right, this will reflect in the price of bitcoin also if the news is real. I think we are feeling the effect now because the price of bitcoin is back to 900 + level again. I just hope it pump bitcoin more so we can reach 1000 level again.

ipanks

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since i don't use gold as my investment, i never knew that investors dumping gold and if they are switching to bitcoin and if this news is real, it will be good for bitcoin because more people will using bitcoin and they will use bitcoin for many ways and not just for trading. beside that, in forex, we know that bitcoin is used to trade and forex have leverage to gain more bitcoin.

Rahar02

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Quote from: serjent05 on January 26, 2017, 08:31:24 AM

Quote from: franky1 on January 25, 2017, 03:02:26 PM

old news

sell 1ounce gold for $1200
buy bitcoin at $900 (1.33btc)

wait for bitcoin to go to $1200.. sell 1.33btcc for gold.(get 1.33 ounces)

this is why bitcoin topped out at $1200 2 times in the last 4 years and then sunk back down

Pretty much a good strategy for me

. Who ever doing this stuff will have both the currency at the end

Taking advantage of volatility of one item to accumulate more of the more stable items. So now I know what to do next time we have a dip after a pump in Bitcoin.

Planning to buy gold or buy bitcoin next time we have a dip after get pump?
Bitcoin value could increase faster than gold but the value of gold won't fall too much and good to store your money.
Classic story of bitcoin and gold, I prefer to hold both of it but surely bitcoin is better.

serjent05

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Quote from: franky1 on January 25, 2017, 03:02:26 PM

old news

sell 1ounce gold for $1200
buy bitcoin at $900 (1.33btc)

wait for bitcoin to go to $1200.. sell 1.33btcc for gold.(get 1.33 ounces)

this is why bitcoin topped out at $1200 2 times in the last 4 years and then sunk back down

Pretty much a good strategy for me

. Who ever doing this stuff will have both the currency and gold at the end

Taking advantage of volatility of one item to accumulate more of the more stable items. So now I know what to do next time we have a dip after a pump in Bitcoin.

Topic: Investors dumping gold-switching to bitcoin? - page 2. (Read 2146 times)