Topic: Investors dumping gold-switching to bitcoin? (Read 2134 times)
It makes sense why they would do that since it is easier to get returns on bitcoin than on gold. Waiting just months with bitcoin when you bought low will give you a good enough return on your investment while in gold you need to wait for years to get a good return from your investment. Gold may be traded since ancient times but today it has not lost value but it isn't that profitable at all since short term trading with gold is sometimes hard.
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
Gold more than an investment is a store of value while it has lost some value in the past years in the long run the ups and downs should average and you will retain your purchase power, it seems that may be you bought when the price of gold was high and now you are stuck with that is not really that much different to the people that bought bitcoin back in the day on the biggest bubble of bitcoin. 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
Selling or dumping a great and stable kind of investment is very impossible just to jump to another kind of investment. Gold is been for a lot of years and it shows enough evidences that it is stable and very profitable in the long run while bitcoin is 'almost like gold' (In my opinion) because just after a few years its price already climb up and it is very profitable even on short or long run because of its volatility on its price. Final thoughts, Investors in gold is not that stupid to sacrifice or dump the gold just for bitcoin there is a lot of reason to view not only by its competition on bitcoin.
No i dont think so,virtual gold trading is overspculated,much more than bitcoin market,usually gold s hedge for dollar,dollat up gold down and vice versa.With last USA infllation data investors will speculate on furtther USA rates rise,bitcoin is alterntive,but bitcoin price on major chinise exchanges is fake as thay are suspending bitcoin withdraw for one month
Why does everyone compare gold to bitcoin? There are so many threads about this, it's crazy. If you want stability, go for gold. Bitcoin has historically been the opposite of that. The stock market, too, but it's been much less volatile lately.
I don't think that many investors will dump gold, but perhaps sell a little gold and put that into bitcoin. But yes, bitcoin is more of a potentially volatile currency/investment, while gold is more of a storage of wealth.
Why does everyone compare gold to bitcoin? There are so many threads about this, it's crazy. If you want stability, go for gold. Bitcoin has historically been the opposite of that. The stock market, too, but it's been much less volatile lately.
because bitcoin is considered the gold of internet, gold of the future or hi-tech gold or whatever, they are very similar to me, they both share mining activity they both share store of value etc... bitcoin also look very stable now, it make sense that some investors jump on the best train that is moving, i would do the same
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
Yea, I have a feeling that nations will always stick with gold (although I can't be sure it's been that way for thousands of years and shows no sign of changing), although individual investors may start diversifying some of their investments into bitcoin. 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
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
I prefer it like this:
buy bitcoin at $900
wait for it to go to $1200
Sell
Wait for it to go down
Buy more bitcoin!
Gold and silver are a trap because they become hard to sell when you've held for years. My parents used to have silverware and coins stacked up somewhere in the house for over 40 years and never sold it. I'm sure they will die before they sell that stuff. Who needs a new car or a house when precious metals are so pretty and shiny.
I prefer like this:
Buy bitcoin and gold at cheaper price for long term investment and just sell it out when I need money.
As long as fiat money can afford my expenses, no need to sell my precious gold & digital gold.
I think you're wrong about gold and silver become harder to sell as time goes on for long term, as gold in market (buy and sell) are easy to find.
Google search the article written by vinny lingham on gold and its future, it was an interesting read, and this man knows his stuff.
here it is
https://vinnylingham.com/gold-is-getting-trumped-62d7f21475ee#.2i7pifcz9
here it is
https://vinnylingham.com/gold-is-getting-trumped-62d7f21475ee#.2i7pifcz9
Why does everyone compare gold to bitcoin? There are so many threads about this, it's crazy. If you want stability, go for gold. Bitcoin has historically been the opposite of that. The stock market, too, but it's been much less volatile lately.
It is a common thing for investor to do that, investors are a looking for the best way to earn profit, and maybe gold is in stagnant price so they dump gold and turn to other things which they think it is more profitable than gold, but one day the investor will back to investing in gold because gold is one of the most stable investment tool that exist
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
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
This are one of the main reasons to making people dump their gold, but if they are coming into bitcoin its another question, there isnt currently any other investment that can gives the returns of crypto world, being the bitcoin the most safe investment at the moment. Sure you can try others investments, but its almost a sure you will end loosing some of your capital doing such, forex and others ways does expose at high risk your money, while bitcoin its just invest and wait. Small changes happens all days at it, some people able to make an income from those, soo i dont see why people wouldnt left gold.
It is important to note that gold has demonstrated reliability. Civilizations have traded gold since roughly 600 B.C. and it continues to be used by dealers and investors with great enthusiasm today. Gold is also sure to never lose its intrinsic value as a Precious Metal with numerous practical applications.
Though I don't think they will be shifting to bitcoins after dumping their gold. Bitcoins has not yet been adopted greatly be the world and there are only less than 1% of the world who really use bitcoins. With that, I don't think a majority of these investors dumping their gold even know about bitcoins in the first place. Maybe they are just moving to another kind of asset.
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.
I don't think so because bitcoin still has a little problem with the government permission. and it was preventing a lot of the investors to buy bitcoin on a large scale.
Wait until the bitcoin will get approval and BOOM!
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 bitcoin is much profitable than gold then there is no wonder why many investors on gold are now shifting to bitcoin so they can enjoy the price inflation that is constantly happening and in large bracket compared to gold. If that is the case then we can expect more change in the price of bitcoin in the coming weeks. From 1000$ what will be the next stop for bitcoins price inflation, I am excited.
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 bitcoin is much profitable than gold then there is no wonder why many investors on gold are now shifting to bitcoin so they can enjoy the price inflation that is constantly happening and in large bracket compared to gold. If that is the case then we can expect more change in the price of bitcoin in the coming weeks. From 1000$ what will be the next stop for bitcoins price inflation, I am excited.
Bitcoin or any other cryptocurrency is always better than gold in terms of investment as it has been proved over the time. Thus it is not surprising for me that investors are showing interests in this technology and dumping their traditional investments.
Yeah , investment in the gold like things now a very old idea of investment of money .Since earning speed in the bitcoin is more speedly going , so the people selecting the investment for bitcoin and altcoin only .
Here everyone going to join technology with technical money in online world ( which is bitcoin not gold ) .
And also the demand of the bitcoin is going increasing day by day making it more and more profitable than gold than why not the invested will switch their investment in the bitcoin .
Bitcoin or any other cryptocurrency is always better than gold in terms of investment as it has been proved over the time. Thus it is not surprising for me that investors are showing interests in this technology and dumping their traditional investments.
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.
I somewhat agree with your views, but not 100%. We don't know what is going to happen to the Bitcoin in the future. The inability of the government to assert control over Bitcoin can be a good thing. Think about it.
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
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.
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
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
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.
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
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.
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.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
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.
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. 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
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
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. 
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.
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
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
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.
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.
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.
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$.
gold is mostly good to hold as jewelries and things like that, so you can get some usage out of it while being an investment. otherwise i think just buying and holding gold is not going to give you much profit and trading in market that big is much harder for profit making.
and i think one of the reason why investors are switching to bitcoin is the potential of going up to the moon, and they have always been investing in bitcoin in the past years.
and i think one of the reason why investors are switching to bitcoin is the potential of going up to the moon, and they have always been investing in bitcoin in the past years.
Gold price use to remain almost constant throughout the year so investors can't make big profit just holding gold, they need to trade actively on every price swing to earn something out of their gold. But with bitcoin they can just hold their bitcoin and earn passively on end of each year. Price of bitcoin used to make big swings and also in long term trading, price is growing in higher rate than gold. So investors are switching towards bitcoin from gold.
Was reading a review about Simpefx day trading platform. As Im looking to get into Forex trading, and get away from gold. (for now)
Looks like im not the only one. Tons of investors are dumping gold....
"Gold has been on a wild ride since the U.S. election, plummeting immediately after Election Day and regaining a bit of ground since the final week of 2016."
Full Article Here
Bitcoin has really good features in the end of the month i read it into one article about bitcoin saying that bitcoin can really reach speculation price of 2000$ 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. 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
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.
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.
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.
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.
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.
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.
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
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.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.
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
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. 
If I had too much gold and only a few Bitcoins, I would certainly do the same thing these investors are doing. I see much better possibilities in Bitcoin regarding potential for price increase, especially in the long run. Certain aspects give gold more stability, but if the investor wants to make big gains, he/she needs to take greater risks.
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)
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)
so in other words those who did it only did it two times in their whole life?!!! in the past 8 years once in 2013 and once in end of 2016 early 2017
that doesn't make sense
Quote
this is why bitcoin topped out at $1200 2 times in the last 4 years and then sunk back down
the reason why price went down twice from that price is because first time it went from $100-200 to $1200 in less than a month with MtGox fake pumps
and this time it went from $780 to $1160 in a couple of weeks again needed a correction.
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
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
This will work until it doesn't. Eventually we will go way beyond $1200 and the people that sold for gold expecting the dip will miss on all the new gains. It's better to just hold it all. When bitcoin pumps for real it will go higher than everyone expects.
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
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
I prefer it like this:
buy bitcoin at $900
wait for it to go to $1200
Sell
Wait for it to go down
Buy more bitcoin!
Gold and silver are a trap because they become hard to sell when you've held for years. My parents used to have silverware and coins stacked up somewhere in the house for over 40 years and never sold it. I'm sure they will die before they sell that stuff. Who needs a new car or a house when precious metals are so pretty and shiny.
Your parents probably looked at it like savings, not investment, thats why they are hard to sell it. I would rather have it as physical gold stashed somewhere safe (as safe as it gets) then in stocks or bonds. And wouldnt mind selling it when opportunity comes. And I wouldnt put all my money on one thing, gold or bitcoin, whatever.
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
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
If that is true then we will expect another price inflation in the bitcoins price. Bitcoin will become much stronger even after the bad impact of Chinese exchangers market manipulation and creation of fake volumes. This is a good thing that even forex investors have known bitcoins that much and its only a matter of time that bitcoins will reach the masses.
People are diversifying to include some Bitcoin. They aren't going to put large amounts into it since it is still high risk, but it is good that people are looking to invest in Bitcoin.
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
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
I prefer it like this:
buy bitcoin at $900
wait for it to go to $1200
Sell
Wait for it to go down
Buy more bitcoin!
Gold and silver are a trap because they become hard to sell when you've held for years. My parents used to have silverware and coins stacked up somewhere in the house for over 40 years and never sold it. I'm sure they will die before they sell that stuff. Who needs a new car or a house when precious metals are so pretty and shiny.
Organized gold and silver markets don`t work that way.
People there are trading monetary gold (i think that was the term),not golden jewelry and coins.
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
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
I prefer it like this:
buy bitcoin at $900
wait for it to go to $1200
Sell
Wait for it to go down
Buy more bitcoin!
Gold and silver are a trap because they become hard to sell when you've held for years. My parents used to have silverware and coins stacked up somewhere in the house for over 40 years and never sold it. I'm sure they will die before they sell that stuff. Who needs a new car or a house when precious metals are so pretty and shiny.
you prefer it this way because you don't diversify.
but i like to diversify, obviously always buying and holding bitcoin for the long term but i also have gold and some stocks in my name to take advantage of other markets and their price volatility to make more money. but my main focus is on cryptocurrencies, bitcoin long and altcoins short.
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
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
I prefer it like this:
buy bitcoin at $900
wait for it to go to $1200
Sell
Wait for it to go down
Buy more bitcoin!
Gold and silver are a trap because they become hard to sell when you've held for years. My parents used to have silverware and coins stacked up somewhere in the house for over 40 years and never sold it. I'm sure they will die before they sell that stuff. Who needs a new car or a house when precious metals are so pretty and shiny.
Yes indeed now started a lot of gold investors are switching to bitcoin. Bitcoin has the equivalent of gold for those who keep their money outside of the central authority. But after a dramatic price movement and began to calm down, bitcoin has seen more attractive as a storage device wealth so as start a lot of people using bitcoin. But if I maybe interested in both seeing equally profitable, so that both are still worth trying.
People are more confident in the current state of the economy and when this happens, usually gold is traded off for better investment alternatives.
By no means are people afraid, the reverse boom effect is now shifting to greater times.
By no means are people afraid, the reverse boom effect is now shifting to greater times.
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
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
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.
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
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
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