Selling Bitcoin vs. Selling Gold - page 2.

Dr.Bitcoin_Strange

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Quote from: Marvell1 on August 09, 2024, 03:54:03 AM

I also agree with this, storing bitcoin is much easier than gold but it is only easy for those who have knowledge about bitcoin. People who are older or do not have basic knowledge of computers will have difficulty even buying or selling, let alone storing bitcoins.

It doesn't take like ages to learn about Bitcoin investment, it doesn't even require much to learn about Bitcoin but only requires the readiness and dedication of the individual to learn how to invest in Bitcoin and properly hold on to their asset securely. Bitcoin doesn't require and individual to have a computer knowledge to buy Bitcoin, we are in a modern world and anyone can actually do a lot of things on the internet just with their Android or IOS phone.

kuriboh

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Quote from: yudi09 on August 10, 2024, 12:16:32 PM

Quote from: kuriboh on August 10, 2024, 10:29:25 AM

Quote from: yudi09 on August 10, 2024, 08:58:30 AM

-snip-

Selling bitcoin and selling gold became two things. Although Bitcoin is a good coin, there is no coin like it on the market. But if it is compared to gold, it will be wrong because gold is a permanent asset; wealth never perishes. On the other hand, if you talk about Bitcoin, it will be flawed because it has not yet reached the position of gold. It also takes a long time to arrive and costs a lot more. Gold is better than bitcoin.

It should be understood that I do not mean that gold is bad, but gold is a useful reserve fund when urgent needs arise when the Bitcoin market price drops. Letting go of Bitcoin is unfortunate, so making Bitcoin a long-term investment and making gold a reserve fund is the right choice in my version.
Thus, you can understand what I mean.

Yes, I understand what you mean.

Quote from: headingnorth on August 07, 2024, 01:50:01 PM

Buying gold is very easy. But the problem is when it comes to selling. The process of selling gold appears to be much more complicated.
You have to find a buyer...then you have to find a buyer that will give you a good price for it. Good luck with that.

You want to say that, but when we go to sell it, we have to face a little problem. But if you have Bitcoin, it is straightforward to sell it. If you try to understand it well, you will see that gold is our wealth, a commodity we can hold and carry. But to sell it, you must find a buyer and then sell everything to him. But whoever the buyer is, it is seen that they don't pay much less. But we need help finding out who Huthat is. But it is not the case that buyers cannot be found.
Despite the potential challenges of selling gold, it's hard to deny the allure of Bitcoin as an investment. Its ease of sale and potential for growth make it a compelling option for those looking to manage their wealth.

CageMabok

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Quote from: speeder on August 10, 2024, 04:29:09 AM

I always prefer to discuss bitcoins. So I thought I could buy bitcoins and keep them. But I'm afraid to take the risk because of my lack of experience with bitcoins. The market for bitcoins is very good right now, so I'm a little scared now. Because I have more losses if the Bitcoin market starts to crash after I invest.

It's very strange when you say that in this forum which basically you yourself have been in this forum since 2011. Because there is no way you enter this forum if you don't know Bitcoin and now in 2024 you are saying you are afraid to have Bitcoin because the market will crash Cheesy

. And that will signal that you still don't really understand Bitcoin even though you yourself are already at the Hero rank who should be no more afraid than a Newbie when you want to buy Bitcoin or when you want to invest in Bitcoin. So it's a bit strange when there is a Hero who is afraid to have Bitcoin just because of unreasonable reasons.

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Quote from: Z_MBFM on August 10, 2024, 08:41:20 AM

Quote from: leonair on August 08, 2024, 03:08:23 AM

bitcoin and gold are both very valuable asset and then price of the both asset are increase day by day just one is physical and another is virtual. if possible and if you have enough ability then hold both for long time. selling bitcoin or gold are not smart thinking. you can see the past price of bitcoin and gold and the present price of gold and bitcoin. so keep holding bitcoin and gold as much as possible

Yes what you said I agree with your statement. Gold and Bitcoin are both very popular investment assets. Bitcoin is a valuable and potential investment asset for those who believe in and want to invest in virtual currencies. On the other hand, gold is known as a precious metal worldwide. Gold is loved by almost everyone and is also used extensively as an ornament. Gold has a good advantage that it can be used in fashion as well as investment. Those who care about their future finances will not want to sell bitcoin or gold as a valuable asset. Because they are constantly increasing in price. so if there is enough money then none should be sold

You are right for now everyone who has a good understanding of both of these things certainly believes that these assets can be used as an investment for their future, but before deciding to invest in Bitcoin, of course, they must first understand it well so that they can make a profit in holding these assets and it is true as you said everyone certainly understands the potential of gold and there are also some people who make gold as jewelry and also as an asset that they invest in for their future and will also try their best to be able to maintain these assets and if we don't really need funds, of course we must continue to hold these assets because we all believe that these assets will continue to increase in the future.

serjent05

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Quote from: headingnorth on August 07, 2024, 01:50:01 PM

By comparison, bitcoin is extremely quick and easy to sell with a few keyboard clicks on your computer or phone app.

It is given that digital items are much more convenience to sell than physical ones. So we cannot deny that selling Bitcoin in comparison with selling physical gold is way much easier with just clicks of a mouse. But as far as I know gold certificates made it easier to sell gold since a person can sell his gold without moving the physical item and just by trading his gold certificate. I believe there is a special platform for this kind of trading like:

In addition of Bitcoin being more convenient to sell, according to this research study[1], Bitcoin has higher annual profit margin than gold.

[1] https://ebooks.iospress.nl/doi/10.3233/ATDE221051

OcTradism

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Quote from: Out of mind on August 10, 2024, 09:40:54 PM

If you plan to invest in Bitcoin, you must learn to control yourself. You must have the willpower to hold it for a long time. You must accept that there will be volatility in the market so you must not get discouraged but hold on patiently.

Between your dream and reality, what you want and what you will actually face with in reality, will be very different. Nobody spends money to buy something, for example purchasing bitcoin, and don't want to get profit from this action. In other words, no one wants to get loss from investment or trading but as said, there is big difference between your dream and reality.

You only can hold your bitcoin if you manage your capital very well and don't suddenly have need to sale your bitcoin. If you don't manage capital well, you will have to sell your bitcoin when you don't want and at that time, price will be lower than your target price. If you still have profit, just smaller, it's still good but if you have loss, it's bad.

Quote

Since you don't have much experience with Bitcoin, you need to plan in a way that protects you from losses, so you can buy Bitcoin using DCA when the Bitcoin market goes deep.

DCA bitcoin is a good strategy in long term and it helps investors to avoid risk, pressure to time the market, find bottom price but this strategy only can help investors if they have good capital management first. Use 100% money to purchase bitcoin, even with DCA strategy, and after DCA an investor has empty bank account, empty hands in cash, it will come to time of selling bitcoin at loss when something urgently happens.

Out of mind

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Quote from: speeder on August 10, 2024, 04:29:09 AM

Quote from: tread93 on August 09, 2024, 04:58:22 PM

Depends on what kind of gold product you have, is it a rare coin? Or just a chain that goes for melt value? Or is it a very intricately made wedding band? Usually depending on the item and the buyer they will always try to get melt value unless it’s something truly special and carries a premium. Bitcoin on the other hand is instantaneous!

I always prefer to discuss bitcoins. So I thought I could buy bitcoins and keep them. But I'm afraid to take the risk because of my lack of experience with bitcoins. The market for bitcoins is very good right now, so I'm a little scared now. Because I have more losses if the Bitcoin market starts to crash after I invest.

If you plan to invest in Bitcoin, you must learn to control yourself. You must have the willpower to hold it for a long time. You must accept that there will be volatility in the market so you must not get discouraged but hold on patiently. Since you don't have much experience with Bitcoin, you need to plan in a way that protects you from losses, so you can buy Bitcoin using DCA when the Bitcoin market goes deep. If the bitcoin market goes down when you invest then of course you may lose some, but you will not be disappointed, but the whole market will rise again. You can have hope and trust on Bitcoin will never make you lose but if you can hold it for a long time then you can earn a lot of money from it.

Aanuoluwatofunmi

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Quote from: headingnorth on August 07, 2024, 01:50:01 PM

Buying gold is very easy. But the problem is when it comes to selling.

I disagree, buying gold is not as easy as you have thought about it, this is a centralized physical asset we are considering and there is a need for you to understand that you will have to go through a centralized means by fulfilling kyc terms before you can get one, selling it as well may demanding before you can get a particular buyer at your selling rate.

Quote from: headingnorth on August 07, 2024, 01:50:01 PM

The process of selling gold appears to be much more complicated.

This is true, compared to bitcoin which is more easier to sell or buy using p2p

yudi09

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Quote from: kuriboh on August 10, 2024, 10:29:25 AM

Quote from: yudi09 on August 10, 2024, 08:58:30 AM

-snip-

Selling bitcoin and selling gold became two things. Although Bitcoin is a good coin, there is no coin like it on the market. But if it is compared to gold, it will be wrong because gold is a permanent asset; wealth never perishes. On the other hand, if you talk about Bitcoin, it will be flawed because it has not yet reached the position of gold. It also takes a long time to arrive and costs a lot more. Gold is better than bitcoin.

It should be understood that I do not mean that gold is bad, but gold is a useful reserve fund when urgent needs arise when the Bitcoin market price drops. Letting go of Bitcoin is unfortunate, so making Bitcoin a long-term investment and making gold a reserve fund is the right choice in my version.
Thus, you can understand what I mean.

Abu-Naim

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Quote from: headingnorth on August 07, 2024, 01:50:01 PM

By comparison, bitcoin is extremely quick and easy to sell with a few keyboard clicks on your computer or phone app.

I think these problems of centralization and third party of thing is the main reason why Bitcoin was invented to bring an end to such scams going on around the international markets of goods and other centralized markets like banks and others.

Buying and selling of Bitcoin is easier than gold; you can safely buy and sell your Bitcoins in centralized exchanges as well as in decentralized exchanges with less risk through p2p and other means; you don’t have to doubt anything along the line because the exchanges are responsible for the entire transaction and will credit you with your Bitcoin once the transaction is confirmed.
Moreover, you can send it out to anywhere you want with just an address, you don’t need to be afraid of receiving fake Bitcoins because there is nothing like that.

kuriboh

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Quote from: yudi09 on August 10, 2024, 08:58:30 AM

Quote from: Nothingtodo on August 10, 2024, 07:22:06 AM

If you have a lot of bitcoins you can hoard your bitcoins. It is certain that Bitcoin will move to a better position in the future. But if you have gold as reserves then you can keep gold reserves in future gold will go to good position. But if you are a trader then you understand the market conditions and you can plan and sell your bitcoins when you have profit it totally depends on your investment type.

Gold as a backup is good but it is about the ease of buying and selling between gold and Bitcoin.
As a backup, I also use gold as a backup when the selling price of Bitcoin is experiencing a detrimental decline when sold. Traders will have a hard time if the market is unstable and being a trader in the middle of a situation like this is closer to loss than profit.
In the long term, Bitcoin is better than gold.

Selling bitcoin and selling gold became two things. Although Bitcoin is a good coin, there is no coin like it on the market. But if it is compared to gold, it will be wrong because gold is a permanent asset; wealth never perishes. On the other hand, if you talk about Bitcoin, it will be flawed because it has not yet reached the position of gold. It also takes a long time to arrive and costs a lot more. Gold is better than bitcoin.

yudi09

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Quote from: Nothingtodo on August 10, 2024, 07:22:06 AM

If you have a lot of bitcoins you can hoard your bitcoins. It is certain that Bitcoin will move to a better position in the future. But if you have gold as reserves then you can keep gold reserves in future gold will go to good position. But if you are a trader then you understand the market conditions and you can plan and sell your bitcoins when you have profit it totally depends on your investment type.

Gold as a backup is good but it is about the ease of buying and selling between gold and Bitcoin.
As a backup, I also use gold as a backup when the selling price of Bitcoin is experiencing a detrimental decline when sold. Traders will have a hard time if the market is unstable and being a trader in the middle of a situation like this is closer to loss than profit.
In the long term, Bitcoin is better than gold.

Z_MBFM

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Quote from: leonair on August 08, 2024, 03:08:23 AM

bitcoin and gold are both very valuable asset and then price of the both asset are increase day by day just one is physical and another is virtual. if possible and if you have enough ability then hold both for long time. selling bitcoin or gold are not smart thinking. you can see the past price of bitcoin and gold and the present price of gold and bitcoin. so keep holding bitcoin and gold as much as possible

Yes what you said I agree with your statement. Gold and Bitcoin are both very popular investment assets. Bitcoin is a valuable and potential investment asset for those who believe in and want to invest in virtual currencies. On the other hand, gold is known as a precious metal worldwide. Gold is loved by almost everyone and is also used extensively as an ornament. Gold has a good advantage that it can be used in fashion as well as investment. Those who care about their future finances will not want to sell bitcoin or gold as a valuable asset. Because they are constantly increasing in price. so if there is enough money then none should be sold

CoinFoxs

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Quote from: headingnorth on August 07, 2024, 01:50:01 PM

Buying gold is very easy. But the problem is when it comes to selling. The process of selling gold appears to be much more complicated.
You have to find a buyer...then you have to find a buyer that will give you a good price for it. Good luck with that.

Then you have to deal with the logistics of physically delivering the gold to the buyer, how to receive payment, etc.

You and the buyer have to meet to make the exchange, which can present security issues.
But if the buyer isn't near you then you have to deliver the gold by mail or shipping service.
But does the buyer pay you first? Or do you send the gold to the buyer first? The risk of getting scammed is very high for both buyer and seller.

The risk for the buyer is how does he know he is getting real gold and not fake or diluted gold?

In the US the fastest and simplest method of selling gold is to go into your local pawn shop but who will give you less than half of what its worth and you end up losing a lot of money.

By comparison, bitcoin is extremely quick and easy to sell with a few keyboard clicks on your computer or phone app.

Totally disagree with you, If anyone wants sell and buy gold he has to go gold market and in case of price the price of gold is fixed by the government so no one can alter that price. Yes they can give you less amount by telling that your gold is lesser in weight. While Bitcoin is a digital currency you don’t touch or possess bitcoin but you can possess gold.

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Quote from: Nothingtodo on August 10, 2024, 07:22:06 AM

If you have a lot of bitcoins you can hoard your bitcoins. It is certain that Bitcoin will move to a better position in the future.

Most of the Bitcoin holders now have been holding for years because we're all believing to its full potential in the future. And I think when we say future, looking back at the date of 3-5 years or more ago, we're not yet on its future and there's gonna be more to come in the upcoming years. But what's good now to the folks like us, we can dictate what future is for us. Because of the privilege of being an early investor.

Quote from: Nothingtodo on August 10, 2024, 07:22:06 AM

But if you have gold as reserves then you can keep gold reserves in future gold will go to good position. But if you are a trader then you understand the market conditions and you can plan and sell your bitcoins when you have profit it totally depends on your investment type.

Comparison of it for being good in the future, there's no difference of it because they can be both held for long term. But it's visible that Bitcoin is the better thing to hold. Liquidity is what matters and the volatility that these two have, Bitcoin is more volatile and it's effortless when someone wants to sell it anytime.

Nothingtodo

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If you have a lot of bitcoins you can hoard your bitcoins. It is certain that Bitcoin will move to a better position in the future. But if you have gold as reserves then you can keep gold reserves in future gold will go to good position. But if you are a trader then you understand the market conditions and you can plan and sell your bitcoins when you have profit it totally depends on your investment type.

Oshio-man

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Both selling of bitcoin and selling of gold, I think is very easy to sell when you have the experience of both, because if you don't have the experience of selling them, that is when you will be saying selling of gold is very difficult which is not, when you have the experience. I don't have experience on selling of gold, but there are some particular area in my country which gold investors use to buy and sell of gold, which is physical selling and their transaction is very okay, according to my friend that is into gold business, if we talk about globally, I think bitcoin is very easy to sell than gold because you can sell your bitcoin in your house without third party involve and it will be deliver to the buyer and you will get your money from the buyer.

philipma1957

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Quote from: dezoel on August 10, 2024, 05:46:03 AM

Who sells gold online and sends the gold through mail or any other sending source? I don't know about your locality, but where I live, we have jewellery shops where you can go to either buy or sell gold, and you don't need to go through anything that you have mentioned. There are no security concerns, and you get the market rate unless a shopkeeper scams you if you are unaware of the rates, so it's mandatory to check the market before you do that to avoid getting scammed.

So to be honest, selling or buying hold is not that big of a problem in our country. The only thing that matters when you are buying gold is that you need to know about it because there can be different qualities of gold sold in the market, and the prices can differ based on the quality.

So buying and selling gold is as convenient as buying or selling Bitcoin for us, it is just that you will need to go to a physical store for doing that with gold whereas you can do it online when it comes to Bitcoin.

well read the links I just posted and read up on that section that has thrived for years right here on bitcointalk

there have been millions in sales in the section since 2012 that I have been here.

duh

you are making your self look ignorant

but do not feel bad as everyone that replied here is doing that since no one mentioned that section.

amazing

dezoel

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Who sells gold online and sends the gold through mail or any other sending source? I don't know about your locality, but where I live, we have jewellery shops where you can go to either buy or sell gold, and you don't need to go through anything that you have mentioned. There are no security concerns, and you get the market rate unless a shopkeeper scams you if you are unaware of the rates, so it's mandatory to check the market before you do that to avoid getting scammed.

So to be honest, selling or buying hold is not that big of a problem in our country. The only thing that matters when you are buying gold is that you need to know about it because there can be different qualities of gold sold in the market, and the prices can differ based on the quality.

So buying and selling gold is as convenient as buying or selling Bitcoin for us, it is just that you will need to go to a physical store for doing that with gold whereas you can do it online when it comes to Bitcoin.

philipma1957

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'The right to privacy matters'

What a garbage thread.

four pages long and not one person mentions the bitcointalk has a thriving collectables section where you can sell gold easy peasy at spot.

I am ashamed of you all for not talking about it.

https://bitcointalk.org/index.php?board=217.0

and while these next three links are about silver sales

duh you guys and girls should go look in the mirror and smack yourselves.

thread 1 a 100 oz listed sale of silver sold 105 oz

https://bitcointalksearch.org/topic/100-oz-of-silver-in-bars-or-rounds-your-choice-1st-sale-5497058

thread 2 a 100 oz sale of silver
https://bitcointalksearch.org/topic/so-did-a-sale-for-105-oz-of-silverthis-sale-is-for-100-oz-mixed-rounds-bars-2nd-5498771

thread 3 a 120 oz sale of silver
https://bitcointalksearch.org/topic/sold-silver-sale-bulk-lot-mixed-common-bars-a-total-of-120oz-sold-third-sale-5502105

all sold at spot rounded down to next dollar.

Ie $31.24 spot sold for $31 an oz

So the sales were all a bit over 3000 and I gave around 150 discount to all buyers.

better value for me than any pawn shop

Topic: Selling Bitcoin vs. Selling Gold - page 2. (Read 1060 times)