Topic: Selling Bitcoin vs. Selling Gold - page 3. (Read 1060 times)

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.

But people with huge assets, they don't need to take risks to get big profits, because their small profits will be many times larger than the profits we get even if we make profits big from bitcoin.
An investor with a capital of several million dollars only needs a profit of 5-10% to be able to earn more money than an investor with a capital of only a few thousand dollars and has a profit of x2, x5. Therefore, evaluating what is the best investment will depend on each person, don't be too short-sighted and only look at the growth side and ignore other factors.



Do you see that only aggressive bitcoin investors compare gold and bitcoin, while gold investors are no longer even interested in bitcoin? What they care about is the profit they will make, they rarely compare which is the best investment to brag that they are right, because that does not make them more profitable.

Selling gold for the first time to a buyer can be quite difficult but after the first successful sell of real gold to a buyer the subsequent request for selling is very much easy because you will definitely establish strong relationships or contacts after the first few sells, and you know one customer satisfied means gaining a million customer as a reputation for future transacting, in my country here, there are several places where light and bulk gold buyers and sellers stay and you bring real gold to them and they buy next time they will come to meet you around your area where comfortable and secure for you other than your house for security reasons and you may not need to waste transportation to go meet them anymore and where the gold is too bulky for the buyer he will then refer you to others and buying Bitcoin too at the first time is not as easy going as buying it subsequently though Bitcoin is virtual holding and does not require much like gold though both has advantages and disadvantages in profit returns,durability etc.

Myself I have not seen anyone who demanded for good to buy but I have seen many persons who requested for Bitcoin and the any other bitcoins to buy so that is the difference between bitcoin and gold because Bitcoin is generally known and the accepted by anyone who wants it why good is also general but not generally accepted by anybody, I think that selling of good many people may have it as a difficult thing to sell their gold, from my understanding, I believe that buyers of gold is very scarce why buyers of bitcoin is everywhere and even some exchange can buy bitcoin from the person that wants to sell and store it for future.

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!

But in the end, when we talk about profit, it is certain that the smaller the risk faced, the result of the profit will not be too large and vice versa when the risk we face is greater, the profit obtained will also be greater.

But on the other hand, in the end it all depends on the fashion and interpretation of each because being in gold is not a wrong thing to do if they want to be there because being in bitcoin or gold all certainly has its own consequences and risks so as long as they can minimize and know the risks they have then indeed continue what we think is right.
We cannot say that being in bitcoin is right and elsewhere is wrong because after all, everything has its own assessment and management of each risk of course.

Investors who are risks averse would comfortably choose to invest in gold because it has a very low volatility rate. Aside this, gold is well regulated compared to bitcoin with no worries about online theft. The both forms of investments are not without their own individual risks, bitcoin even has more risks compared to gold. The fact that gold is a physical asset does not in any way make it old school, investors just have to understand their risks tolerance level and go for what they feel they are more comfortable with irrespective of the amount of returns the choices of investments stand to generate or what everyone is saying about a particular investment choice. A lot of people are living in regrets now because they  went for a particular kind of investment without considering their risk tolerance level.

Why will the process of buying be so easy and the process of selling be so complicated? I believe if you are selling, then you will follow the same process that you followed when buying. I have seen a few people sell their gold, and I don’t see anything that makes it look complicated, maybe it’s kind of difficult from where you are.

We have stores that sell gold here at my side, so just walk into one, most of them always have the same price, it’s just left for you to select the store that you will be selling at.

Do you mean there is no jewelry store or shop where you stay? At my place, if you need gold, there are stores that you can visit to get it. Select the gold you want, make a payment, and you will be given what you pay for. You don’t have to ship anything anywhere, and you are not getting scammed in any way.


Visit a reputable store and get your gold, they won’t sell a fake gold for you.

These two assets are mandatory in the current era for future investment because both are potential investments and have their own criteria. Gold is undoubtedly because it has been around for decades and is highly trusted by the public, Bitcoin has also been around for more than a decade with a system that makes it easy for us to build future assets. In the end, we must have these two investments to achieve financial freedom in the future.

However, when it comes to convenience, of course Bitcoin is easier in all respects, including when we sell it. We can sell Bitcoin just by using a smartphone, while for gold we have to find a truly trusted store. There is fake gold, while Bitcoin is not fake. Gold is difficult to carry anywhere while Bitcoin is easier to carry anywhere. The point is that Bitcoin is here to make it easier for us to invest.

Of course, gold is not the most liquid (and profitable) financial instrument (which is acceptable to use under certain conditions), but still, bitcoin also has a number of disadvantages. Only these disadvantages are of a different nature.

I am ready to see your reaction, how you will sell bitcoin "extremely quick and easy", when mempool \ BTC-network overloaded.

I am ready to see your reaction, when the tax office knocks on your door expecting an explanation of the origin of funds (received after "few keyboard clicks on your computer or phone app") or the bank freezes your account for the same reasons.

Selling gold in my country is very simple. You just have to go to a nearby jwellery shop and you can sell gold at market price.
They do deduct some making charges on the weight of gold which is around 6% - 12% of the price but other than that it is easy to sell gold.
Selling bitcoin is easy too but exchanging it to fiat is a matter of concern in my country due to P2P frauds happening in here and bank accounts getting frozen by banks.

Bitcoin is a digital currency and it is a store of value and it can be easy be gotten and many people are out there to get it at any time when you are ready to sell. And why gold is difficult to sell, it is because the number of people who have access to gold is very few so when you managed to have some pieces, then to sell them will be difficult because it is not common and if you see anyone that is ready to buy, he will not buy it to your satisfaction and you too you want to sell them.

So you sell them with cheaper price. So you be free from thinking. As for me, I have not seen gold so if someone brings gold for me to buy, I won't buy it because I don't know where I will sell the gold.

The biggest difference between Bitcoin and Gold is that Gold can be seized by the government if they find you suspicious.
If you got substantial amounts, they will find a reason to suspect you as proven by many cases of innocent people getting robbed by the government all over the world.

Bitcoin can be easily hidden with encrypted seed phrase hidden in many places.

Remember who we are dealing here with, Government is a crime organization - evil that shouldn't exist.

Just the convenience in buying and selling your bitcoin we are using a different exchange of course with a different price rate now its up to you which exchange you will use to sell your coins, of course people will prefer with the higher rate price so they can gain profit still, the same with selling gold but the difference is the exchange you are seeking for the higher price rate the gold but in bitcoin you can sell tons of people buying and selling in a particular price in gold you must need to seek people who want to buy it in a designated price still having the limit price you would like. In bitcoin you can quick flip an instant because of the market volatility, in gold you can flip this but takes a lot of time.

We don't even need to compare the two because they have different uses in life, not just in terms of investment. Not to mention each person's needs and preferences are different and they will have the right choice for themselves.

Do you feel this topic offers a fair comparison? I personally don't see anything fair here and that's why I disagree with what the OP is saying.


On the surface of our earth there is still a lot of gold and it can be said that the total supply of gold has not yet been determined, but mining and processing gold is also very expensive and difficult. Not every country can exploit it. Not to mention, gold's applications are very widespread, it is used in almost every profession from medical care, computers, mechanics, even in high-end cuisine...It is not only used to make property or jewelry as we often see. So even if humanity mines more gold, it will never be enough to supply the world, it will always be in scarcity.

As a potential trader, one has a number of options to speculate on the price of Gold. The options could include trading Gold stocks, Gold ETFs, Gold Futures, Gold Options, Gold CFDs as well as physical Gold (bullion bars or coins).
Even with the speculative return of the gold standard, and it still being able to be used as a hedge against inflation, I think Bitcoin serves better value with the ease of which it can be traded and used to pay for transactions in any said currency, with or without an exchange interference.

Gold is old-school. You're dealing with physical stuff, worrying about getting ripped off. Bitcoin? Its the future. Secure, transparent, no middlemen. Its not just about convenience, its about trust. Bitcoin is built on a system thats inherently trustworthy. Thats huge. It changes the game. Supporting Bitcoin isnt just about making money. Its about believing in a better system. A system thats fair, accessible, and puts power back in the hands of the people. Thats the future Im betting on.

I quite agree with you that your findings on gold sales and Bitcoin sales bring into sharp relief practical challenges associated with each. Selling gold is a process that has many steps to complicate things: Finding buyers, ensuring the appropriate price, dealing with the logistics, managing fraud and security risks—and often being a hassle because it literally requires that you handle gold, meet the customer, and arrange secure payment and delivery. It happens, and this can be especially difficult if the buyer is not local. With that being said, selling Bitcoin is much more straightforward. Bitcoin's digital nature allows for faster transactions via the internet, reduces the need for physical transactions, reduces logistical complexity and transactions can be completed with just a few clicks on a computer or smartphone app, and blockchain technology which is obvious, so the risks associated with scammers are generally low because of the security involved The very ease with which one can trade bitcoin, compared to gold, underlines the massive chasm that exists between digital and physical assets. Much as gold is still a physical asset possessing intrinsic value, trading it involves complicated and at times highly expensive resources. Bitcoin, being a digital asset, makes most of these challenges very easy to deal with and thus offers very easy options for those who stress speed and swiftness in their businesses.

Digital Gold BTC with such huge volatility gives us great opportunities, like those we have seen in recent days. If someone decided that the rally within the corridor will continue, then he bought for 50k, thinking that this is a new corridor 50-70k, or 50-60k.
In general, it seems to me that Bitcoin behaves a little predictably in recent weeks and months. Even if it is very volatile.

On OBS: (Observation. OBS)

PAX Gold: PAXG $2,414.08

On Binance and uniswap.. My beer has gold label on it. Imitated. Great idea.