Bitcoin Forum

Hello Gang,
Long time investor/holder of Gold coins, new investor of Bitcoin.
I've been thinking about selling some Gold to buy Bitcoin.
I'm listening to the pros/cons of doing this and Bitcoin seems like the better asset to hold in the long run.

So..
Anyone else here convert their Gold to Bitcoin?
Kinda having a hard time parting ways with my coins.
There's something to be said about touching Gold coins.
They're heavier than you think..
They have a nice ringing tone to them when tapped.
Fun to look at.. older ones have a history to tell.

Maybe I'm alone in this feeling.. 14+ years of collecting coins is hard to let go, but ultimately I got into it to have an insurance in case
of economic collapse and security.. also to make a profit.
Seems like Gold may be taken out by Bitcoin in a few short years.

Thoughts?

Besides market cap and adoption, Bitcoin has outright won the battle against Gold in my opinion. Just think about the increase in BTC's price in the last 12 months. Had you invested in BTC the money you currently have in Gold coins & bars, you would have afforded about ten times more Gold today.

As you say, Gold has its own advantages - especially the beauty of those coins and bars. But it truly depends on what your goals are. If you want to be protected in case of an economical collapse, then I think it's wise to have both Gold and Bitcoin in your portfolio.

Gold is easy to seize especially with today's tech - a Bitcoin seed could on the other hand be engraved in a wall and nobody would find out you have one lying in your house. Gold would work tremendously in case of an Internet shutdown - but Bitcoin would do an amazing job during an economical collapse since it would not need tests to check whether it's counterfeit or not. The coin becomes more & more legitimate the more confirmations a transaction has.

If I were to have a strategy, I would probably sell my Gold right away and purchase BTC with all the money. Within a matter of years, I really believe Bitcoin will at least double in price so any extra-dollar means the possibility of re-purchasing Gold at a much higher quantity!

On the other hand, I think a recession is very, very close. If we get into one soon, I am afraid people will feel much less secure owning Bitcoin than they would owning Silver and Gold. With that being said, Bitcoin might actually crash during a collapse (at least initially). If you need money urgently within the first few months of a recession, investing now in BTC as a safe haven might be a very bad idea.

Always remember that Bitcoin has launched during the last financial crisis. It has not gone through one yet for us to know what the outcome would be. Gold, on the other hand, is a known safe haven in case of global financial issues. Therefore, I believe the best strategy if you want a safer insurance is having both precious metals and cryptocurrencies.

I don't have gold but having gold is also a way to safeguard your wealth when economic collapse the same as bitcoin. Exchanging your gold for bitcoin is not a bad idea, you will get more profit even if you sum up all your profits on those +14 years of having gold.

Imagine if you sold your 1 ounce gold on 2018 ($1200ish of 1 ounce of gold you will get 0.179 btc for $6700/btc that time) and exchange to bitcoin. 0.179 today is worth $10300.

Compare to gold from $1200ish somewhere on 2018 and today its just worth $1700ish. See the difference.

There is already some discussion about this, and it looks like bitcoin is "eating gold"
 
https://i.postimg.cc/zBSXtLvM/image.png
source: https://twitter.com/Schuldensuehner/status/1361944837742874631


Personally, I have very little of gold (about 1%) and much, much more of bitcoin (as bitcoin surged to new ATH every week in the last months)
I won't sell my gold.

I think gold is an asset that will always have value. It is the oldest asset we know, and even if bitcoin "eats" its marketcap, there is nothing to worry about imo.

Bitcoin is the digital gold, not the physical gold. Gold spot will not be taken by bitcoin, but most likely will the complemented by it.

I will have both :)

If you are going to ask my opinion, then by all means convert some of your gold assets to cryptocurrency - specially bitcoin. I think it would be a fantastic addition to your assets to have Bitcoin as one of your investments. This is not the end of Bitcoin, you will still be able to reach to new heights once you trade in Bitcoin and waited for that ATH again in a few years. You can simply store the gold and bitcoins at least you have diversified your assets and you won't be able to lose to both.

You tend to confuse price with adoption.
If you really think Bitcoin has surpassed gold in terms of adoption then you are very much mistaken. In India alone, for example, the majority of women own gold because it is their culture. They alone represent perhaps more than all the users of BTC.
A lot of people own gold but don't shout it out in the street because that's the kind of thing you don't tell anyone, even some friends.

In terms of adoption, Bitcoin is very far to eat gold.

In any case, the increase in value has little to do with it.
Gold and Bitcoin have differences such as volatility, and you don't invest in Bitcoin for the same reasons you invest in gold.
There are also many more risks with Bitcoin. An investor as a "good father" does not have much interest in investing a large percentage of his portfolio in Bitcoin.
Depending on your age you have different risk profiles that you can absorb
A young person might invest 30% in Bitcoin and 5% in gold, while an older person might invest 30% in gold and 5% in Bitcoin (or any other market considered risky).

Gold is not something easy to seize unlike what you say. It's a matter to choose wisely how to 'hodl' your gold. In the same way, you need to choose wisely how to 'hodl' your BTC (i.e. not using a 3rd party).
All the persons I know, including myself, have their gold with them at home or in a safe place. How could it be seized? The government or a governmental institution coming knocking at your home to say "Hey, you own some gold, we come to seize it" LOL, no way, it doesn't work like that

I have read on many threads in this forum that people who are into Gold now go for bitcoin, just be economic in your decision about both, be rational about the two variables here. I am not into Gold but I will tell you investing in bitcoin will never be a wrong choice for you to make.

Well, all matters of where you live --if bitcoin is not prohibited in your place that is also a good sign to change your gold into bitcoin.
There are various pros and cons to this, you can store bitcoin in a safe place without worrying about this potentially safe or not as long as you have a private key and store it in the right wallet. You can buy bitcoin as much as you can but when it comes to gold, you can never buy gold without knowing your government. If I am OP, I will do the same, bitcoin is the best asset to store in the long term.
However, why makes things complicated if you can choose both of them as your investment, you can sell half of your gold and then invest in bitcoin.

Never owned a single gold but investor of bitcoin.
Don't you have any other way of buying bitcoin? like from a portion of your savings or you can allocate an amount and do the DCA strategy for you to keep on purchasing bitcoin whenever you've cash on hand? I would love to keep both if I have gold in my possession and wanting to invest in bitcoin. As you've said, you know it's hard to let go. Make sure that you won't have any regret when you dump your gold for bitcoin.

I think sure, I mean most of the people think bitcoin is better than gold, also if you think just about the profit it's obvious that profit in bitcoin is a lot higher.

For sure a lot of investors than know bitcoin and gold is going to hold bitcoin than gold in the long run because of the higher profit even though you could consider it as a lot riskier than gold.

Some investors I guess then are not really into bitcoin stuff or just don't like blockchain technology would probably just go for gold because it's a good investment as well.

Thank you all for your input!
There is much knowledge in this thread.
I am new to the Bitcoin investing, but not new to investing overall.
My investments are pretty well rounded.
My outlook on Gold has been negative to be honest.
I was buying big amounts back when it was $800-$1100 an ounce.
I'll be making a profit if/when I sell.. but wow.. 14 years to basically double my money.

Perhaps I've been watching too many Michael Saylor videos ( Hahahaha ) and such on YT
and I'm ready to go even BIGGER into Bitcoin by selling my Gold.

I "feel" that Bitcoin could double in a years time.
Looking at charts would indicate an upward trend and knowing that the major institutes are more and more getting on board is a
good sign.. not to mention sports figures, celebrities, musicians, stores etc etc.
Bitcoin is hitting mainstream thanks to the last year of returns.

I guess I'll have to do some more mulling over this.

Gold does not have deflation of supply like bitcoin. Bitcoin has block reward halving each four years that makes noise on the media. Each four years, bitcoin has a big growth. Gold does not have such supports.

They are good for your investments but consider the deflation and noisy news, bitcoin will be better for you. Better with bigger margin of profit for your capital. The bitcoin market does not have limits for daily volatility and it is a younger market than gold's. Younger brings more opportunities and risks.

Well, I thought it was very clear right from the first sentence of my post that price and adoption are imo the two things BTC has yet to beat. ;D

This depends on someone's long-term vision and I am certainly not the person qualified to give financial advice. For me, BTC and Gold are the perfect collapse insurance combo yet many others would contradict me. And I see why - hence why my post is half-pro, half-anti BTC. If someone takes their life savings and invest them into something a complete stranger recommended them to, then I think they are bound to lose their savings at some point anyway after viewing some random YT video predicting fortunes out of nothingness. At least I'm not biased.

I contradict you here, history would as well. I don't say it's easy to find & seize, but it's easier to find and seize precious metals than finding and seizing a Bitcoin seed would be.

Leaving the existence of this pandemic aside, had I asked you 2 years ago how easy taking away the right to freedom is you would probably reply the same. Well, look how easy it is now. For the good of everyone else or not, it happened so why would the confiscation of gold not?

I don't think it will be taken out entirely, but many people might think that BTC would be even more valuable than Gold. It's not necessarily going to lose its value after so many years that it has had. It's still going to be valuable. You're not alone in that dilemma.

What I think you could do is that you could sell some and allocate it to cryptocurrency. Then you would have diversified to minimize your risk with the "possible" economic collapse due to the unlimited printing.

In that way, you would have the best of both worlds. Having the physical gold and the digital gold, which is BTC

Look. I totally get the appeal of having these gold shiny metals. I mean, it probably makes you feel wealthy, right? I'd feel the same. That's just something that bitcoin simply can't give.

But crap dude, taking a look at gold's chart, I would feel bad for holding gold. Take note, that if you really love your gold and you have sentimental attraction to it, you don't need to sell everything. Just sell enough to hedge your bets and diversify a bit.

https://i.imgur.com/yvBrZby.png

I also want to share a comparison of investment from Gold to Bitcoin by MicroStrategy.
Bitcoin really indeed outperformed gold since we all know how volatile Bitcoin is.
Gold for me now is already an old school, that's why a lot of people telling Bitcoin is the new gold, digital and new trend.

When you can really think deep about Gold and what it can be physical used for and btc what it can be physically used for,    then you can determine when exactly Gold will be taken out by btc,
Am no fortune teller but I really doubt btc will be taking out Gold in the future except of course there will be physical Gold coins representing btc (in which case the presence of Gold still is required) or suddenly there won't be any Gold related commodities in the market  ;) (or perhaps melt some btc for that purpose)
In fact, it sound absurd to me. Stop measuring this two monetarily.

Nothing is here to tension about that. You can go for selling your gold and invest on bitcoin. It is really a good decision from you and for this decision, you can change your life within some years. Gold is not able to rise like bitcoin. After some years, it will be very tough to buy good amount of bitcoin by selling gold. So don't miss the opportunity that you have now.

Many people sold their gold to buy bitcoin in 2020, to try bitcoin investment and to see how reliable it is to traders in the market. Many investors that took such risks in 2020 to invest on bitcoin, really enjoyed a massive profit in 2021 for them to believe so much on bitcoin investment than gold investment in this season of pandemic.

I believe that against the background of the growth in the price of BTC, it makes sense to invest in this crypto asset, but in order to sell my gold coins for this, I am not very sure that this is correct. Perhaps, if you do not have free money, and you would like to become the owner of BTC, you should sell some gold to invest in BTC, but I believe that this should not be a large amount. Of course, I, like others, cannot know 100% how to do better, but recently I read such a thought from one person, where he said that the dollar will rise now, in other words, within a certain time there will be active support for the dollar, gold on the contrary will lose in value. In principle, this is happening now, but after that everything will change and the price of gold will soar higher than the moon. At that time, he did not say anything about BTC, but earlier he also hinted that as a result, crypto prices could also collapse, which, in principle, we have already observed more than once. As for me, you can sell a little gold and buy BTC. Wait for more BTC growth and then sell it and buy even more gold.

Yes, it is true. The gold ring has a beautiful sound in the ear and a beautiful glow in the eye, but what is the work of the world is constantly changing and you cannot preserve the old things always, this is like the difficulty of moving from living in the quiet countryside to the bustling city.
For me, I would like to keep both, Bitcoin is a profitable investment currency in the long run, but I cannot give up on gold because we need the tangible things so the best solution in my opinion is to split your money in half Bitcoin and gold.

With the bitcoin price now, I do not want to sell my gold (if I have gold) because the bitcoin price is too expensive and even if I sell my gold, that will only help me buy a small piece of satoshi. Maybe I will hold my gold for a long time like what I did with my bitcoin, and maybe I will give it to my children, grandchildren and so on.

I prefer to try to earn bitcoin from the other ways, including buying bitcoin using my other income, so I will still have two investment, gold and bitcoin, together. But you can sell your gold and buy bitcoin if you want because we are free to decide.

I believe that with the Bitcoin price reaching the ATH price of $ 61k, many are selling their gold to buy Bitcoin. That is indeed a natural thing that
happens considering Bitcoin's performance is better than Gold. Therefore I do the same, by selling some of the Gold I have to buy Bitcoin,
because I am also optimistic that investing in Bitcoin can indeed provide a greater profit than investing in Gold. But that does not mean investing
in Gold is bad, but indeed the profit generated if investing in Bitcoin is much greater.

I think so too, selling gold for Bitcoin was one of the right decisions and not a bad thing. If you choose to become a holder, I think Bitcoin will be quite promising in the future. Because if we look at the development of bitcoin prices from year to year, the increase is much faster than when we invest in gold. Even though the price will decrease, a currency like Bitcoin can reverse its price to be stable or even go up in a fairly fast period of time.

Therefore, if you wish to sell your gold in exchange for Bitcoin, it can benefit you. But, my advice, don't sell all your gold in exchange for currencies, like Bitcoin. Because, if you have a problem or experience a loss when trading. You will not lose all your assets. You must have other deposits, like gold, to anticipate unexpected risks.

Yes, I have some gold but never have the plan to sell it just for Bitcoin. I'd rather have to keep it until I was really in need of money. I invest both of them separately, it doesn't matter to me if Bitcoin is really profiting but having Gold is like you are building reputation and that symbolizes wealth. And have to keep it.

Maybe the others will think isn't a good idea but never have to argue with them because that was what I think is the right thing to do. We are never sure that Bitcoin will drop in the next few months and that to have Bitcoin this time is a risky thing. Having Gold is the safest way to store our money.

If I were the one to decide, I guess it would be more strategic to diversify your portfolio instead.
You don’t need to invest and convert all of your gold coins in bitcoin in one snap. You can always test the water before you will put your both feet so you can stay standing.

I would suggest since you’re a new investor you should make your own test and studies first before deciding to move all of your golds here.
It will actually take you time to master the basics and totally get to know about Bitcoin. And I’m telling you, it is quite far from gold. So be ready, be it.

If you can find another way to get some money for Bitcoin investment, much better to do it instead of selling your Gold collections. That only if you have?
But if you don't value your collections anymore and wanted to make money out form them, then selling will the best option. That be sure that you are willing to do it, because if you are in doubts and still thinking what you gonna do. Maybe you have to think about the risk in Bitcoin investment.

You may have to clear your decisions, there is no need to rush and get into FOMO. Because once it already happens, there is no coming back.

Hey and welcome to Bitcoin! I actually have never really heard of anyone going from gold to crypto, usually it's the other way around. Not that anyone puts ALL their crypto into gold but I know a lot of crypto people who also further diversify into precious metals with their newfound crypto riches:) Welcome again!

There would be nothing strange nor surprises because people might be preferring to switch into what is highly profitable for them. We have heard that many people are selling their home and properties for the reason of buying bitcoin then why not gold as well? Moreover, people must be believing in to bitcoin to be turning as new gold or digital gold which might be replacing traditional gold/fiats hence there will be no surprises for me when seeing people using their long term saving just for the reason of investing into bitcoins.

Recently I have come across a gif which shows what is highly profitable compared to other stocks and bonds for the amount of $1000 in last five years; bitcoin is topping on that list which must be the enough reasons why people are leaving gold for the purposes of having more number of bitcoins.

Let me ask you a question (and it's a question for all other members), how many gold holders you know?
I don't have gold, so I don't have what to sell... but I would sell that gold a long time ago for buying Bitcoin or some other crypto, and I guess many people here would do the same (some did it I guess). Here on forum, we are a special kind of people, we found a way (ways) to earn, and because of that we don't sell our material possessions for crypto (gold, cars, houses...)... but again we have some examples from people who did that, and they maximized their profits in crypto to the roof!
Everything comes down to what you believe in more... I am for crypto 100%, and I assume many others here feel the same! So if some gold appears I will sell it right away, without a second thought!

What if your "feeling" is wrong? That's the purpose of owning both assets (or creating a portfolio), one as a hedge and the other more like speculation.
Regarding selling gold to buy Bitcoin, yes, I did it several times, back and forth. My woman still prefers gold tho.

both of them are very important in securing your funds from economic collapse. And I thought if you could have both, why not. bitcoin is far superior to gold in terms of price, as one can consider the economic conditions, taking these two assets is very good.

because I don't have gold, the alternative is bitcoin, we will have a very hard time storing gold = 1 bitcoin at this time, and it needs to be kept safe. bitcoin is the same too, you need a hard wallet.
so both have the same profit side with different price values.

If you are a numismatist and your collection consists of rare coins, then it should increase in value over time, which can be commensurate with the growth of bitcoin. And it will be difficult for every collector to make the choice to part with their coins, unless in a special case. And if you think that such a special occasion has come, make your choice in favor of BTC, but never regret it again

Personally, I only know of my own aunties and grandaunties who all hold physical gold. They literally go out every few years to buy a small amount of gold to stash. But online, I know of many more people who apparently buy physical gold online because they got wealthy from crypto. So these are actually, as I said, crypto users who became rich, and then bought some gold to diversify their wealth. Like I said, I don't know anyone who sold gold for crypto.

Same here; I am one of such people who sold crypto for the reason of buying gold because as per our culture we value gold more which lead me to buy gold time to time not just for the reason of investments but to have as a social symbol/status. Our family members are happy when they are buying and wearing gold rather than what they are usually watching BTC prices in their wallet. I mean they are not bothering about the growing rate of bitcoin but they just look at the happiness when they are wearing gold.

I'm not ready to agree that crypto people need to invest into gold for the reason of the diversification. Because when you're holding bitcoin definitely we do not need any diversification as any other asset is producing good ROI compared to what bitcoin is doing as per last 10 years. Probably after some decades, crypto people might need to think about diversification.

You really surprised me with this option because I think that depending on our position in the portfolio, we will rely on that to decide whether to switch to another investment or to hold, that means if you bought gold at a good price, why would you need to sell it to convert to bitcoin at a high price? A change in position in your investment in this way can affect your profits, you can switch from a profitable person to a losing person, perhaps at a lower price, selling gold to buy bitcoin is a good option but right now, keeping the position is still a good way to avoid risk

i dont own gold coins but i can imagine the satisfaction the way you describe it  .
it makes wanna try and own one gold coin , dont let go all of your gold coins but keep some to have a stress reliever  . your not alone to have this feeling and you feel this because 14 yrs of holding is long. it will be hard for you if you shock your self by selling all your coins but you can do this slowly .
 btc can surpass golds value but not its other characteristics

What other characteristics/values of gold that you are bothering? In my understanding, gold cannot be transmitted smoothly and securely like how we are transacting bitcoins. It means bitcoin has already surpassed gold in such characteristics. Probably you are referring worldwide momentary of transaction? I believe one day all the countries will be accepting bitcoin as preferred momentary of exchange, I am very much confident about that.

Yeah, right bitcoin prices has grown to big levels and right now trying to buy more bitcoin by selling gold may not be an option for many people including myself. But for the people who are strongly believing into $100k or $150k levels for bitcoins, might be thinking that must be a right approach.

hi bro thanks for asking but you are right about the transmition and the security .
 btc wins over that and i dont mean momentary of transaction  but it was the physical appearance of gold coin ,
its shiny and it has a crisp sound if drop and it has a history like how op described but i remember that there are also btc inspired coins but they are not officialy made by its founders .

Not only The Gold even I did not invest any of my pocket money to invest in bitcoin/crypto. I only invested some of my earning money. But yes If I would have some Gold (not little amount) I may try to invest it in bitcoin. It's because bitcoin is more profitable that Gold. And to be honest Bitcoin is for the risk taker investors, and Gold for those investor who afraid to invest in crypto.

I don't think that gold can be replaced by bitcoin since we all know that gold has an intrinsic value in itself. There is no one who don't know gold and its value, more than that gold can be used as jewelry to be used for some people, especially women and this is what will make gold always the first choice for every investor.

Comparing to bitcoin, there still many people who don't know bitcoin and its value even millennials still don't know the characteristics, especially the use of bitcoin itself. This is what will make bitcoin known only to some people, especially investors, for those who are less interested in investing I think it will be difficult to get to know it.

As for your concern, I guess you have to try it. You can sell some and buy bitcoin, the best investment don't put your egg in one basket, yeah you will often heard that term.

I can say that I have sold some gold to buy crypto back in the day. I had some laying around and I didn't need it, and it wasn't really profiting the way I hoped it would so I ended up selling it and buying bitcoin with it.

It wasn't much amount (like about 470 dollars or so) which is why it wasn't a big deal, not like I sold pounds and pounds of gold to get into bitcoin, so I do not know if mine would be considered a good example, maybe I am not the person we are talking about and richer people are the aim here, but if we can accept small amounts I did it. I wasn't really feeling gold, not even if it made me profit because I didn't really liked the logic, gold never really looked like something that would worth money for me, which is why I ended up selling it, even if I didn't get into bitcoin, I would have sold my gold anyway and get it into stocks or something instead.

I never get gold instead I got bitcoins by just buying those coins into a friend who needs money on that day and after that I got my Bitcoin holding starts on the first time I didn't realize it comes profitable for the next coming years but right now can't imagine the prize for the another ATH.

It's good to home right now a bitcoin than the gold if we are talking get volatile cryptocurrency is the most recommended. It's not too late to join a ride so invest responsibly.

It's awesome. Although I don't have gold now. So there is no question of thinking about converting. I'm here to glimpse who is transforming and how much. I desire I also have Gold in the future and I will convert similarly. However, even if you do not convert, there does not appear to be much loss. Because gold is just as valuable and profitable as bitcoin.

I am looking for best way and most faster to increase my earning and investing, I dislike with gold investment because every yearn only raise under 5%, but you can try to hold and invest money on bitcoin just few minutes your money raise more than 10%, how come if you hold few years later and see how much profit get most faster than gold investment.

Gold is a good investment and it’s not a must that you’re going to sell all your holes to invest in Bitcoin or any cryptocurrency, you can still have gold and also have Bitcoin and other cryptocurrencies. So, there is no need to be selling all the assets you own.

Before I started investing in Bitcoin I did sell all my gold’s, but I didn’t do it because I wanted to start investing in Bitcoin, rather I did it because I need the funds I invested in there to be used for a business I was about to start around then. So after I have started the business I used the remaining funds to invest in Bitcoin and that’s a good move that I took. I didn’t invest everything in bitcoins.

If based on profit or an increase in price, of course Bitcoin will be the choice,
but if based on strength and quality, Gold is better than Bitcoin :)
I personally believe more in gold when compared to bitcoin, but that doesn't mean I don't store bitcoin, at least from my portfolio, gold is around 50% and Bitcoin is only 30%.
I can't possibly crazy sell all my gold to buy bitcoin, the reason is not because of profit, but because of the safety and strength of Gold that is my consideration.

Gold was one of the major assets in the whole word, it was already and ancient actually were up the present still useful in any form of business.
Having a gold as one of you assets is an advantage, so if ever I have gold, surely the 25% of it will goes to invest into Bitcoin, followed by the top 5 coins in cryptocurrency in which listed too at the coinmarketcap as well.

There have been many debates comparing gold with bitcoin and analyzing which investment asset will be a better store of value but I think the debate on this subject is futile work
Gold and Bitcoin have their respective advantages and disadvantages, the two assets must be complementary assets to our investment portfolio. IMO

I will never sell my gold just to buy Bitcoin and vice versa.
I only use Fiat money to invest in both

Well, of the two choices, bitcoin is more accessible and it doesn't have any connections to your government and you don't have to pay for a storage since you can be your own bank with bitcoin. I think that having a gold in your portfolio is something that you will do when that portfolio is big enough to have a big passive income stream.

Good thinking but why altcoins when you have Bitcoin, Yes you may be in profits now if you did since BNB reached new heights from nowhere while the Bitcoin remains constant and unbeatable. I am also invested some savings of 2020 into gold but I am regretting about the decision now.

If you are saying that Bitcoin adoption is increasing fast compared to gold then you are right because In past 1-2 years the gold investment has become low and gold prices have fallen from $56-$57k to $54k Because of the funds moving out of the gold market.The Bitcoin investment on the other side is increasing which In turn is increasing the prices to higher levels with market cap crossing $1 trillion in just period of 12 years.Bitcoin has surpassed gold in respect to prices but in market it's still far behind.

1)Bitcoin Price - $58k
Gold prices - $55k

Bitcoin Price > Gold Prices(They have achieved this mark with respect to price if gold)

2) Bitcoin Market cap - $1 trillion
     Gold Market cap - $10 trillion

Gold Market Cap > Bitcoin Market cap

So we can say people are moving towards Bitcoin investments at huge scale and gold is becoming somewhat secondary option for investors who prefer to have some tangible and risk free investment for a longer period of time.But one thing is for sure that Bitcoin will surpass every financial assest in short or long span of time in every aspect so you must hold a btc in your portfolio without any doubt.

It is not a debate and we don't need to do that ever. What OP wanted to know is that if it is a good idea to sell Gold just for Bitcoin investment? That was not comparing which one is profitable and which not because both of them have a good market value. If I'm in that situation, I'm still not selling mg Gold but rather adding more. If I have to invest in Bitcoin, it should be another set of investments, and I don't want to sacrifice the others just for this. But instead, having them both is a great investment plan.

Why do I need to sell my gold to buy bitcoin? That is not a good suggestion to people as gold is like a safe haven for many people out there. Besides that, they do not even know much about bitcoin, so they will still hold their gold and not selling. But people who know about bitcoin can use the other free money to buy bitcoin, so they do not have to sell their gold, but they will have new investment in bitcoin.

There you go. I mean, I personally think it's good to diversify and if I did have a lot more crypto, I would definitely be putting some of it into gold or something else like government pensions. Not most of it but some of it. Crypto is great and I believe it has a future, especially Bitcoin (or only BTC) but maybe in my short decades on earth I should play it safe.

If my wife will make a comment here then she will prefer the other way.
Sell your Bitcoin for Gold.  ;D
Shiny little things that make the eyes glow whenever they glance at it. I am not a fan of it though.
Never had bling in my life, not even a damn good-looking watch.

So yeah, if it's me who will decide I'll sell all that gold for bitcoin without a bit of remorse. But my wife will stop me. No doubt.  ;D

you have to think that bitcoins is an investment that has the disadvantage that in case of your death your family has a great chance of not benefiting from it, and if you give your private keys or password to people in your house you can risk losing all bitcoins

so I think you should diversify by investing a part in bitcoin, another part in offline businesses and another part in gold

That must be a basic responsibility of every bitcoiners like they must educate other family members about bitcoins which includes how and where to transact and how to protect bitcoin securely. At the same time, I'm not ready to agree this alone could be the valid reason that we need to go beyond bitcoin investments for diversification purposes. Still, diversification is good but personally I will be preferring to have bitcoins more than 90% in my portfolio.

This was how my family members reacted when bitcoin peaked in 2017. I argued with them and tried to convince by explaining the real potential of bitcoin but they were not ready to accept me until they were seeing the another round of bitcoin bull run in late 2020.

The price of gold is more stable than the price of bitcoin. Therefore, those who do not want to risk their capital invest in gold. But even in this case, I would release some of my capital from the sale of gold in order to invest in bitcoin. And the rest of the gold would serve as insurance against capital loss in the event of a failed investment in cryptocurrency.

And most of the time wife wins  ;D, kidding! but same as you in terms of investment I rather to choose bitcoin than
gold, knowing the big potential of Bitcoin.

The chance that it will surpassed the last time high and can push to more folds in a much shorter period of time. need
to be more practical if you have good overview of the possibilities to come.

By comparison, it looks like gold is more durable, Bitcoin is the current trend. However, gold cannot be destroyed and also has scarcity. However, bitcoin currently outperforms the price of gold. The price of bitcoin is fantastic equivalent or more than 1kg/btc.

NO, maybe that was an option but until such time I can still manage to fund my Bitcoin investment selling some of my stuff, I wouldn't do that. I'd rather have to keep it if ever I have to sell it but for another reason.

Gold symbolizes something and that is why many were trying to have it and keep it. Comparing it to Bitcoin isn't unusual but never makes sense why? They are of different market features, it doesn't matter how much their price because they are totally different.

I don't have gold but if ever I have it, I won't sell it just to buy bitcoin. Yes I consider that bitcoin is much better than gold and I would prefer holding it for the long term but not to the point of sacrificing gold, Gold is still good and it can be a good asset to hold, it can also increase its value in the future and is also a good thing as a gift for your future children. Bitcoin is what many people are looking for, we can see a lot of tweet about bitcoin and gold and we can see how many people who is in favor of gold but still it cannot be destroyed because it is a governments property which is also good for investing.

Gold is really well known and it can benefit your family once you have died instantly unlike on bitcoin, if ever you don't even give some clue about your private key to one of your family then everything you have will be wasted because no one can use it once you die

Durable in what terms? Bitcoin is intangible asset, how can you measure it's durability?
I'm sorry but Gold can be destroyed If you have to do it purposely exposing it to a nuclear reactor. On the other hand, nobody knows how to destroy Bitcoin in general. Governments have tried but turns out to be adopting on the latter.

If you take a look at the Bitcoin price timeline, you could easily tell how Bitcoin has become a more profitable asset than Gold from the last 11 years.

Gold (2009) : $895.25
Gold (2021) : $1,755.95

Bitcoin (2009) : $0.0001
Bitcoin (2021) : $58,000+

Now, my advice to OP is that If your Gold has some valuable sentiments to you because you have mentioned it's hard to let go of your hobby of collecting Gold coins. Then, better keep them and find another option to buy Bitcoin without selling your Gold coins. In fairness to Gold, they'll never loses value, It keeps gradually increasing instead.

My family still have traditional mind about holding gold than I give many time how increase much profit hold bitcoin or altcoin than saving gold, only have change price few percent for gold but bitcoin more than 100% price up. I have to proof how bitcoin is better than gold and gold weakness from price keep stable and many time price gold down when faced problem with USDT value.

I also like collecting gold (jewelries) and I can say that its a reliable investment and easy to exchange for cash in times you're in need.

However the increase of the value is not quite unlike bitcoin, if I compare the profit I got from gold for the past years of holding it.

Thus its more profitable to hold bitcoin, and selling gold just to buy btc is not bad. But one should be prepared for the outcome because its not often go as planned. Unexpected scenario can happen and patience is really a must.

Both are goods assets to invest and it is better if you also have gold not only bitcoin, both are good for different purposes, bitcoin is good and we cannot deny that things as it already builds big respect from many people including celebrities and company owners and gold also do that thing in some circumstances.
That's true and we can also do that in bitcoin, gold is good for a long-term investment as well because just like others it also increases its value time by time and would be good as a collection of yours. Both are goods so we don't need to sell gold just to buy bitcoin as we can hodl both at the same time.

- Gold in physical form is really enough to create a sense of security for investors, at least our legacy will be stored for the next generation and remember, gold will give a very large rate of return over time that we hold, the value may be a lot inferior to bitcoin but with its stable and sustainable properties, it will maintain a equilibrium advantage with bitcoin. Do not try to sacrifice too much in bitcoin, investing here also has a lot of failures, always leaving an opportunity in gold to have a chance to revive when caught in a failure.

each person must have their own answer to this question...
So far I haven't sold my gold to buy Bitcoin, it's not that I don't want to, it's just that it was a gift from my husband and necklaces and rings from my mom. I can still get Bitcoin in other ways than selling my gold.

If I were at your place, I would definitely sell some of the Gold to buy some bitcoins if I had none.
It is always good to diversify your investments and bitcoin is considered as Digital Gold so while you have the physical form it you must have the digital one too  ;D
You should consider moving at least 30% of your investment in Gold to bitcoins. Also, I would recommend to split the money into top cryptocurrencies and not just bitcoin.
Potential coins like Bitcoin, Ethereum, Polkadot, Cardano, Monero etc.. are some good coins to invest in.
Always remember to do your own research before buying/selling any assets.

Gold only investment for people want less risk although little profit every time, but for bitcoin need higher risk and mentality for investor brave or not to buy and hold bitcoin, but I am second choose with higher risk and higher return later to make me get much profit. Gold only give more higher 55 profit if holding more than one year, but bitcoin can give more than 100% profit just get higher risk when bitcoin down.

That is not a surprise to see many people still prefer to buy gold and hold it for a long time because they think that gold is a safe haven and that will help them if they a financial problem. But if they know that bitcoin can also have the same benefits as gold, they will try to buy bitcoin and hold it for a long time. I am sure they can do that easily because they have the experience to hold gold for that such a long time. We can suggest them to invest in bitcoin, but we can not force them to buy bitcoin because buying bitcoin or not is a choice for us.

For now maybe good time to buy gold because price still decreased, but if must sell Gold for bitcoin, i wouldn't do that because in investment i will split it like in property, gold, crypto and maybe fiat. With that, if 1 get bad, i will still have back up from other investment. Although one of my investment maybe will be more profitable than others, but there are risk behind that too.

I have sold gold to obtain Bitcoin, but Digital Gold, it is a crypto project, it is the only gold I have sold, many years ago I had gold but unfortunately it was lost and another part was stolen from me without realizing it as well as my class ring .

Making the determination to sell gold to buy Bitcoin I see it as a good decision, the son of Peter Schiff did it, and Peter Schiff was surprised by such a decision, if the son of Peter did it, he has a father with a lot of experience investing in gold , most likely, he has learned a lot about him, and if he sold it, it is because he sees more potential in Bitcoin. Investment, purchase and sale decisions must be respected, in every operation there is always the risk of losing, although today if we see the Bitcoin chart and the number of gold investors entering to buy Bitcoin it is a point to consider that you have certain advantage.

I have Gold but I will not sell it to buy Bitcoin. Because for me I have my own pride if I have Gold. And I will look for other ways to be able to buy Bitcoin,
no need to sell the Gold that I have. Because in my opinion it is better to invest in Bitcoin and Gold, rather than having to choose one. But everyone's
thoughts are different, no matter what choice we make, nothing is wrong. The wrong one may be that we don't invest in Gold or Bitcoin, because both
are the best assets to buy right now in my opinion.

Everyone has different abilities and positions, so if you want to invest in this market it's best to make your own assessment.
The one piece of advice for you is never overinvest what you are willing to lose and don't invest on anyone's advice.

I think bitcoin may be more valuable than gold but it will not be able to eliminate Gold. People around the world have trusted and used gold for thousands of years, gold has many uses from making jewelry to storing wealth.
Gold will not be disposed of by any currency.

Just some one wanna faced with bigger risk and earn much profit by convert gold to bitcoin, but many other else keep stay with less risk although little profit get, I think better convert gold to be bitcoin because have higher profit return and get with short time. For bitcoin you only need one year and earn profit more than 300% but you can't get it if try invest and hold much money in gold.

Holding BTC is more precious than gold, just see the price history and compare it.

There was a time a few days ago when the price of Bitcoin was low. I think at that time if someone sold all the gold they had to buy Bitcoin, they would buy Bitcoin and they would make a good profit.  If we have gold, we can sell gold and buy bitcoin. It can be very profitable for us in the future.

I'm more into opposite side.

Having Bitcoin is really good and I already am having the benefits by just holding Bitcoin on my life. But I do feel like I need gold for my family as the backup money or "urgent" money incase something bad happen on Bitcoin. At least my money have been divided into 2 separate objects so I can manage it more carefully.

If some one have know more with bitcoin brave and prefer hold bitcoin than gold, I know gold not stronger raise higher price bitcoin and see today bitcoin increase up more than $1,000. Maybe with gold never we see can up more than $1,000 just one day and only enough higher about 5$ is most higher, but still difficult how to make many people believe more worth invest using bitcoin than gold.

I'm not talking about the "price", I'm talking about how people treat gold as their backup money or secondary money. It's up to you to treat gold for whatever you want, but I'm feeling happy with how I treat gold as my secondary source of financial backup.

For gold, it is not profitable like bitcoin. If you think about bitcoin, price of bitcoin is increasing daily and it will grow more in future but gold isn't able to grow like bitcoin. I know some people who had already sold gold and other assets for investing on bitcoin. I hope, they will cut good profit from their investment.

This reason why I dislike investing on gold is not growing faster like bitcoin can raise higher price just one or two years, looking last year bitcoin still under $10,000 and now bitcoin success with all time higher above $61,000 and very fantastic if you hold and invest much money in bitcoin than gold, more faster profit earn by investing on bitcoin than you use your money hold in gold.

I agree with you, during the pandemic many gold investors made their final decision to join bitcoin investment because of the results they saw during the lockdown that took over 6 months in the country. Many investors are now seeing gold as slow and small profit making because of what they are enjoying in bitcoin investment.

well that's a good idea.. But the opportunity with bitcoin is bigger than gold...see the difference between this assets,   (the volatility and potential and the future) .. Seems all are favorable to bitcoin.. Even though let say investing in gold is safer than bitcoin.. Still not make sense as long as you're knowledgeable when it comes crypto currency. Wherein surely you will not gonna miss all the opportunity... All your time and effort are worth it rather than working with gold. Just saying..

I think the question you should ask is how much gold do you have? The thing is, just like bitcoin, gold is another great form of investment and you'd also be making money that way too.
Personally, if you would ask me, I'd say sell some and not all of your gold to invest in bitcoin. It's called diversifying your investment assets. I have not seen anyone who got rich by investing in just one investment option. They all diversify in different options. I think you should do just the same in order to make the most of the bitcoin and gold market.

Yeah, diversifying is highly recommended in order to cover all possible investment opportunities rather than sticking with one and missing all others. This way if you sell your gold for the reason of investing into bitcoins, then I guess you are doing a right step.

For most people, gold must be an one of prominent investment opportunity for decades to centuries as per their family heritage. Those people must think about diversifying their portfolio so that they could fasten their networth as bitcoin is known for higher returns in n short term whereas bitcoin is stable for years (if you skip the recent growth of gold due to pandemic). Moreover bitcoin is nothing but digital gold and you could feel safer even by holding bitcoins like how are doing with gold.

Gold has already been taken out by bitcoin, though it's been a gradual process--and I'm talking about the increase in value over time for the past 10 years or so (since bitcoin was introduced).  Gold had an amazing run-up to the top in 2011, but ever since then it's been kind of stale.  And if you compare gold to bitcoin, it's way more than stale. 

But if you like your gold coins like you say you do, why not hold onto them?  Buying bitcoin when it's at its all-time high has led a lot of people to lose a lot of money in the past, so that might not be the smartest move right now.  Having said that, I do think bitcoin is going to go higher still, but that's just my unsupported opinion and I could be dead wrong. 

And if you need a safe haven for your money, gold is the way to go, not bitcoin--plus right now the state of the economy is shaky at best, and you might need that safety that gold provides rather than the volatility that bitcoin is notorious for.  But it's up to you; I fully understand the bitcoin fever that's been infecting everyone this year.  Good luck!

Indeed, comparing the two is a tedious thing.  It only talks about options and how dare you take risks.  Because the most basic and never changing fact is high risk high return.  Gold is a good type of investment to secure assets with low risk of loss but the resulting returns are not as far as BTC and other cryptos.  If you dare to invest your money in crypto yesterday as much as 100 $, now your money can be 172 $ in just 24 hours.  Where is the rate of return that is up to 72% within 24 hours?  nothing but crypto.  But don't be surprised if your choice is wrong then your money can run out overnight.  these two assets are not to be compared but to have as your portfolio.

Well for me both has a value but only differ on the approach of how the value approaches higher or lower depend on the demand. And it so happened that bitcoin has a fast paced of increasing the value and now were dealing on a value of $63,000 but if i have a gold i will surely save it for future pusposes guess I believe that gold couldn't be worthless even in future. Though is much more valuable when it terms of price today compare to gold.

Bitcoin provides more advantages than holding gold. Even though the price of bitcoin is very volatile, but bitcoin has a lot of support that keeps the price going up.

The investment comparison clearly states that gold provides a small return but at a stable price and is a safe haven asset, while bitcoin provides multiple returns with high price fluctuations.

Bitcoin is indeed a new investment trend, many institutions and companies are starting to enter and invest in bitcoin.

My thoughts would be for you to not sell your gold, it’s a great asset too you know. And since you were collecting golds, why wont’t you buy bitcoin and hodl them like the same thing you did to your gold. Hodl both, that’s what I did ever since I started with investing in Bitcoin.

gold is also a good investment, every year thee price goes up and in case of emergency you can directly sell your gold, on the otherhand bitcoin is digital coin and future of currencies is also better because you can earn by trading and investing. you can double up your money if you are good in trading . there are a lot of trader selling their gold to convert bitcoin and i must say its worth it.

Not every year, gold's prices are going up but I agree gold is the easiest asset to liquidate hence holding it for emergency needs makes sense. But, if you look for good returns for your investments then bitcoin must be the right choice to go with. This is the reason why people are selling gold to buy bitcoins; they are simply switching into high ROI asset. But, honestly I am not selling gold to invest in bitcoin but at the same time I sold some bitcoins for buying gold for my family use and not for investment purposes. It means even gold suddenly rise 2x or 5x, I may not sell those gold because it is for jewelry purposes.

I recommend everyone to have both gold and bitcoin because diversifying will help time to time. For example, bitcoin may remain positive for one year and then for next 2 years it may stay negative and sideways. Hence holding both gold and bitcoin will help anyone if needs to liquidate suddenly.

No but btc going to more valuable assets than gold. Btc now ranking 8 and gold 1 with marketcap $11.099 T and btc with $1.168 marketcap and btc going popular day by day and btc   will be no. 1 asset i believe.

No there i think convert gold to bitcoin. If you want to converted i suggest that first you sell your gold in local market then you buying bitcoin. Today invest is not safe cause bitcoin price is high. I suggest you thinking for this gold price can not dump huge but bitcoin price can be 100% dump in a day.

Yes, bitcoin market is slowly moving up and this is the reason many people are selling their gold to buy bitcoins. I am very much sure that in coming years bitcoin will be beating gold's marketcap as there are so many institutional funds are coming into bitcoin market compared to what they were doing with gold market for years. So, there will be no surprises on seeing people to be switching over from gold to bitcoin. This is a timely demand and people are obeying it.

I've never thought of that neither do I have any good stock anywhere else, selling it to buy gold isn't a bad idea. With the way bitcoin  is growing,  I would have no problem selling gold to buy bitcoin. Bitcoin and gold are similar i  function and that is the store of value kind of but bitcoin assumes more responsibility than gold and with that responsibility comes value. So, having one commodity that keeps you stagnant at a price rate or level isn't the best of idea. So, if you've got gold and it ain't working for you, you could swap it for bitcoin and make it work for you. Now, bitcoin is where the value is and its what you should be aiming at for an investment.

Right now bitcoin is my favorite investment to make. I have invested in gold once and that was my first investment in 2014, and I later sold my gold and then I started investing in bonds and they were not really something I liked.

I had plans to get back to gold investment, before I stumbled on Bitcoin while I was doing a completely different research, and I picked interest in it and decided to look further into it and after that, by late 2015 I was ready to start investing in Bitcoin and it has been the best investment. Gold is also good, and I guess if I never discovered bitcoin when I wanted to quit investment in bonds, I would have been investing in gold by now.

Yeah there's always an assurance if we choose over gold, but for some reasons it's slow to rise compared with bitcoin. However, if you wanted to divert your golds now I don't think it would increase faster because of high price when your do an entry. Try to wait for further months before btc price go downtrend, it's not wise choice due to possible crash coming.

Actually having gold and bitcoin as an asset today was powerful. Both was valuable and worth it as an asset. Maybe those rich people who have gold in their custody may not going to sell their gold to buy bitcoin because they have the money that they can used to buy bitcoin. But I can't deny the fact that bitcoin was now becoming much more valuable as day passes by and as the people keeps on recognizing and believing in bitcoin.

Most likely the rich will have both, and the existing gold will not be added again and will turn to bitcoin to own both and that is a very good way because the rich can afford both gold and bitcoin.
I personally do not have gold after getting to know bitcoin and it is my priority to have bitcoin in the long term, because previously I had the belief that bitcoin would be better and more valuable than gold as it is today.

It would be rare to find a person who invested in gold and being part of the crypto community at the same time. No one person is able to withstand gold investment when crypto is skyrocketing- that's almost any Alt not just a select few.

But we never know what other people are thinking, for me gold is no longer a viable investment route now that with crypto you can gain several times more profit in a few days that comes no where near close to what you get from the slow appreciation of gold.

Gold is dead, crypto is alive.

There is a difference and you mix the purpose of investing in BTC and gold

People investing in gold are not really expecting to make a profit. They use it as a safe heaven to secure their capital. Something you can't make with Bitcoin or any altcoins. If you're looking to secure your capital and invest in crypto, it's a totally insane idea when we know how volatile the crypto market is. Knowing BTC for example can decrease by 80% within a few weeks, how secure it was to save your money in it.

Gold is not dead. It has different purposes, you can't mix apple and orange

It is just a matter of choice, people are looking for any opportunity that they could get money in a short period of time, and having Bitcoin is considered to be a sort of fulfillment.

Gold have also of great value but we can't say it gives you the x10 or x100 market share in just a year or just a month of holding, not like if we invest in Bitcoin. This is how it puts into the mind of the people who are selling their gold for Bitcoin. It actually a great choice, and nothing to regrets.

Some would be minding about security or those traditional store of value asset which is Gold.Some would go make some full conversion and some would go half or depending into their preference
but for me then if i do have ever some gold holdings then that would be divided into 50% which the other half would be allocated to bitcoin and this will really be depending on how much someone
could able to put up risk with crypto or bitcoin investment so the numbers would really be varying to person to person.For sure there are fellas who did sell off their
gold to switch into Bitcoin.

Maybe some one not brave before know how increase profit faster by investing bitcoin than gold, so many of them looks worry when try to invest in bitcoin during not have any regulated from our country, but when bitcoin have been legal and have law many people prefer hold bitcoin than gold and profit increase faster become the reason why many people want hold bitcoin.

Centuries have better approach towards long-term investors and has a new offer for wealth accumulations. I would prefer Bitcoin in this era compared to gold because Bitcoin hs higher volatility and is making series of higher highs and lower lows causing a spike for long-term investors and traders alike.

Many speculations has been released that Bitcoin will make an all-time high of $100k before the the third quarter of the year making more investors richer than they have ever been. Come to think of it many companies like tesla has converted part their assets to Bitcoin and still do transactions in Bitcoin causing a massive spike in the market.

Gold is also the most important asset people will definitely hold longer if they want stability and there is no high risk, but seeing the current conditions many have switched to bitcoin I think many will sell gold only for bitcoin and wait one year later, so from the market value is now getting bigger the more that come because they know bitcoin can make a profit in no time.

It is undeniable how they choose because in fact bitcoin is also good to invest in, even though now the price is high, there is still a lot of confidence in large investors that crypto will be more secure in terms of profits.

Selling gold to buy bitcoin is not a good idea. Gold is expensive and its price is increasing, so we must keep it. As for Bitcoin, we can buy it with a portion of the money that we would like to lose, The best is to keep the gold and bitcoin for the long term.

Yeah, that probably what we know about Gold but if you tried to compare it to Bitcoin's growth, you will know that Bitcoin grows fast than Gold. You can't expect that Gold will double its price even we wait for a decade, unlike Bitcoin.  The difference with them is the risk, Bitcoin investment has that but we also have some confidence that Bitcoin will even grow more in the coming years.
That is a preferred one, many did this. That actually be good if you have a lot of money for these investments.

If you entry is good then you will end up loosing anything in any market. Bitcoin is a high risk investment if you are investing right now when the price is above $60k and so is the case with gold as it is also riding a rally, in short any asset you invest when the market is pumping has its own risk and gold has some fundamentals basically they are trading for centuries while bitcoin is just a decade old and hence the volatility is high.

I would have sold anything to enter bitcoin at the right moment but not anytime soon.

I am that kind of person. There is a project called Digital Gold. It is a stablecoin pegged to gold. Each coin is equal to a certain amount of gold. If you search, you will find a bounty company and a branch of announcements of this project for bitcoin.
In fact, the owners of the coin are the owners of the gold, and I am, that is, I was one of such owners, but I sold all my gold and bought Bitcoin with it. Thanks for attention.

If I remember correctly that is 200th such project which is faking gold as reserve and you may use google or this forum's search functionality to find all of them. Nothing new and people like you are new to adopt such shit projects and then regret later for disappointments.

Basically no devs will be rich to have that much of gold to begin a project with. So, they are simply faking something to make you people trapped.

Yeah i was there I have been in bounty campaign that is back by digital gold and columbian emiralds before and it ends up to scam project. I believe that those project are scam and i quit those bounty before it ends. For now I will not going to apply any bounty campaign that back by gold.

Investing in crypto is of high risk but people tried to manage it for the sake that they wanted to earn money faster compared to other investments.
Yes, Bitcoin just exists for more than a decade but it has already proven to be a good investment. In fact, some millionaires are jumping into crypto for that reason. Maybe we could say that selling our Gold for Bitcoin is not a good idea but if we think about "OPPORTUNITY" many people had to that.

If I have a lot of gold then i will convert some few gold to bitcoin, holding both gold and bitcoin is more amazing and i think profitable than holing 1 of them, if gold drop and bitcoin will rise you can still earn, and if bitcoin drops and the gold rise then you can also still earn, there is a big advantage if you hold both bitcoin and gold. So i suggest to hold both for to have more advantages and earnings.

I personally tend to hold both gold and bitcoin. but honestly, the capital that I use to invest in bitcoin is smaller than the capital for investing in gold, which is about 30% of the total capital I have. I know in crypto even though it gives a big return, it also has a big risk

It is a previlege for having both Gold and Bitcoin at the same time especially today where having or owning a gold was very rare and due to limited supply and high demand of it everyone was dreaming to have gold, well at the same time bitcoin was now serve as a gold or new era where having a bitcoin was also a previlege and a rare opportunity because it does require a person to be able to hodl or to have it the potential to afford on its high price and the ability to sustain it while hodling and the ability to make or generate a profit from it due to become volatile of the market.

Indeed, give up some gold and invest in bitcoin and after stable arrangement comes with a profit, some of the profits will gradually shift to gold, and this scheme can also apply to gold, such a continuous transition will have a very positive result for returns when we know the characteristics of the two forms of investment, gold is at the center of stability while bitcoin is at the center of transformation. But investors here will probably be forced to have combined experience with their senses in the market

I'm talking about the GOLD STABLE COIN project, which has been holding bounties on the forum for over a year and regularly pays awards to its participants.
However, recently they had problems, a hacker hacked a smart contract or something like that, but the project promised to restore everything and return the funds. Gold is in a secure vault.

I don't have any Gold acquired but if I have, still never sell for Bitcoin. I definitely have to keep it for future purposes.
In fact, I can acquire Bitcoin Bitcoin without selling any properties so there is no reason why I should do that in the first place. Because in my mind, Bitcoin can go up and down, can't see it 100% assurance but gold have although the price doesn't move and changes so fast like crypto value. However, still a great asset to invest in for a longer time.

Wait! Uuuhm….. you have physical golds? Wow that's really the coolest thing I'm hearing today. I have owned gold before, but not physically, I just invest in them by making use of bullionvault.com, but I sold all my gold investments and invested the money in Bitcoin and I believe that's the best decision I ever made.

Though I wouldn't advise anyone to do the same thing (by selling all their assets to invest in gold), because of how risky it can be, it's just up to you. But, if I had physical gold and I have the license to hold it in my country, then I don't think I am going to sell them, I think it would be worth keeping for sure. You can just raise up money from different source, maybe from business or savings and then invest it in Bitcoin.

But, this is still a decision that only you can make for yourself, if you are tired of the gold's, and feel like you should move to digital holding, then there is nothing bad about selling them and investing all in Bitcoin, but don't forget about the risks. Although I do believe that overtime the value of Bitcoin will keep on growing , like after the next halving and there is a bull run, just like what happened last.

right, we should instead invest in both gold and bitcoin. both have different market characteristics. gold tends to be safe to invest in, because everyone has recognized the existence of gold, while bitcoin has good prospects too, even though its main purpose has not been achieved as a transaction tool, bitcoin has a higher level of risk than gold.

i don't have gold, because i think gold is not a good investment to make big profits.  it takes a long time for gold to give 5x or 10x profit, unlike in crypto which can give you big profits in a fast time.  i routinely set aside the salary I get to buy Bitcoin, not gold!

Haha its quite risky..
Gold has a really good backup on the other hand btc is Just a virtual thing.
So its better to stay safe untill you are experienced in btc.

Yeah, you're right. Gold doesn't give you big returns but people are investing in Gold as they consider this as a safe investment knowing that there is no way that its price will dump, unlike Bitcoin.
However, people had changed their mindset and see a big opportunity in crypto where investing in Bitcoin or altcoins could fulfill their dreams and ambitions. Yes, It can't deny that many people are becoming rich in Bitcoin and could possible that some investors are selling their Bitcoin for this sake. They might know the risk but a saying said, No Pain No Gain. And risk-takers will become more profitable than those who afraid of it.

Great discussion everyone!
I'm going to hold some of my physical Gold.

I figure it would be an awesome expansion to your resources for have Bitcoin as one of your speculations. This is not the finish of Bitcoin, you can in any case reach higher than ever once you exchange Bitcoin and sat tight for that ATH again in a couple of years. I surmise at that point are not actually into bitcoin stuff or simply don't care for blockchain innovation would likely go for gold since it is a wise  speculation too.

Sure, you don't need to sell all your Gold. If you want to buy Bitcoin, just sell a few numbers of your Gold only. We know Bitcoin investment offers higher profits and the holder may take profits faster than Gold. But investing in Bitcoin is riskier, so don't use all funds to Bitcoin. You should continue your Gold investment, while trying new investment in Bitcoin.

I have invested in crypto much before I had invested in gold ;D I heard about Bitcoin when I was an early teen, so whatever money I had through pocket money and other sources, I used that to either spend on things I like or to buy collectibles like foreign notes and also bought crypto as well. I never really properly invested in gold, I invested, then got a little profit and sold, that was my whatever investments were. It's not a secret that investment in gold is much more safer than investing in crypto (both in legal as well as financial terms) but the profit and rate of return has a really big difference!

It so happened that I do not have gold, but if I had it, then I would not exchange it for Bitcoin. The reason is that one of the laws of investment says don't keep all your funds in one basket. And rightly so, if you are an investor or want to start investing, then you need to choose several assets. As for gold, I would not underestimate this asset. Yes, now BTC is showing the best result, but what if everything changes and not for the better? And this is if it says that you need to have additional assets in order to avoid large losses.

I don't have gold with me but if i had i would have sold gold to buy more bitcoins. Bitcoin has more potential to grow as compare to gold.
When people say that bitcoin is digital gold, its means that in future bitcoin may flip the marketcap of gold.

This is also quite interesting if there is a bounty backed by digital gold, especially there is a significant change from the usual bounty. but unfortunately the bounty is a scam, so we cannot know how and what will happen next with such a bounty. maybe if it works there will be many who follow it.

unfortunately I can only listen to news and stories from those of you who did follow the bounty, but it didn't continue. whereas I myself do not follow and know, so what mechanism will be implemented. but this is certainly a lesson for continuation for things like this for the future.

Gold investment is always the end goal. If you can make sure and predict that you will get bigger and faster profit, I don't think I will leave that opportunity. when the profit is in hand, I will convert it again to gold for safer and also savings

I figure it would be a fabulous expansion to your resources for have Bitcoin as one of your ventures. This isn't the finish of Bitcoin, you can in any case reach higher than ever once you exchange Bitcoin and hung tight for that ATH again in a couple of years. You can purchase bitcoin however much you can yet with regards to gold, you can never purchase gold without knowing your administration.

Most of the community here in the forum bought bitcoin even without selling Gold. In fact, the majority of them like me was just an ordinary people here but could buy Bitcoin even in a small amount of money. In short, whether you have a lot of capital or small amount of it, you/we can still buy Bitcoin or cryptocurrency.

Absolutely. And I do think that it's a conversion that is very favourable and makes a lot of sense.

You're essentially preserving all the value of gold as a hedge against fiat collapse when you swap your gold position for BTC, yet being able to hold a much more convenient asset in terms of storage and has way more long term growth potential.

However, don't think of it as a speculative investment - you should be in it for the long run and not be selling your gold for a short-medium term position in BTC.

I truly trust Bitcoin will at any rate twofold in cost so any extra-dollar implies the chance of re-buying Gold at a lot higher amount. his isn't the finish of Bitcoin, you can in any case reach higher than ever once you exchange Bitcoin and sat tight for that ATH again in a couple of years. You can basically store the gold and bitcoins in any event you have differentiated your resources and you will not have the option to lose to both.

^ I also think this way, most of the members here join this forum with mediocre capital, do not have assets like gold. but surely there are those who sell their gold for Bitcoin, it's just that these cases are rarely notified to the public.

It's not like everyone can just buy gold like some kind of candy in a store. Gold is expensive and it can't be carried by the person who purchased it plus there isn't a lot of gold retailers to buy one even if you have the money. Also, why would you sell your gold for bitcoin? I would assume that you have a really good paying job to be able to buy one gold so why not diversify and keep the gold.

maybe NO, because many people have a strong determination to hold gold,
my analysis shows that those who buy Bitcoin and cryptocurrency are young people, and some adults,
hmm maybe they buy it by looking for loans or selling their goods such as cars , for gold I'm sure many people still keep it.

Well, gold isn't something that you can say a lot of negative about just like we talk about fiat being controlled and centralized. Gold has its own advantages, being one of the rarest metals of the world and having a huge history of being used as tender, it surely has its own face-value, and you can always look how beautiful they shine and take some pride by owning it lol ;D

In investments, a wise person would spend his assets to buy another asset and will expand his wealth. Until he has proven that he had already a strong wealth, position and assets then he can buy those things through his generated profit.

That is why there are people who sells their goods to buy assets because they knew it that it is better to build wealth and income generating assets before buying wants. Selling gold for bitcoin is another wise thing but I wouldn't sell bitcoin for bitcoin and to those who are selling gold for bitcoin, they are doing it correctly.

In the long term ,Gold can be more safe investment than fiat but not better than BTC, because the history price of GOLD for many year is keep going up. But GOLD take very long times to reached high profit than BTC. In 10 years BTC price by 1 million percent of return of investment, but GOLD can not reach the same return by the same times.

I am sure that investing in gold or bitcoin has advantages and disadvantages of each, of course,
if you do not want to take risks for me investing in gold is very suitable,
because we know that bitcoin is very risky and cryptocurrency is very volatile

If you don't want to take a risk and have enough money, its best choice is gold since it's less volatile compared to bitcoin that high volatile. It also depends on the person knowledge.
If you have knowledge about cryptocurrency trading, then you can go for it. Gold is considered a low risk, and safe investment option compared to bitcoin/cryptos.

If both can be owned at the same time, I will choose to have both. In fact, I don't want to give up. But the difference is that, like Bitcoin, your private key is only known to you. It is very convenient to trade or store, but gold is not as convenient to carry or store as Bitcoin.
If you must choose one of the two, I will continue to choose to keep Bitcoin.

Your question remembers me to one of my friends who sold a house in the past 2019, I introduced Bitcoin to him, two months into four months no problem, fine, entered the sixth month, he told me, his house has been sold and invested in gold, so I can't say anything else for him, because the house has been sold and gold investment.

And I asked how much the house you sold for, he said $20,000, then I said to my friend, you sell gold half of the proceeds from selling the house for about $10,000 and you invest it in Bitcoin, coincidentally at that time the price of Bitcoin was around $ 5000 he bought 2 Btc, long story short in 2021 yesterday when Bitcoin went up $ 50,000 he sold, now he has bought a new house and is living in luxury, the gold that he currently holds has not increased in value, it is the Bitcoins that make him rich today.

The bottom line: from my friend's experience investing in gold does not make someone quickly rise from poverty, Bitcoin very quickly changes the life of someone who doesn't exist, when compared to bitcoin with gold.

Ever since I'd never make any investment until I found Bitcoin in early 2016. Of course, doubts and uncertainty are there and I can't even imagine if I could hold this long or sell it back. But I have a friend trying to convince me to hold until the next Bullrun, I don't know when because I'd never ask. But I follow what he said until the moment has come last 2017, yeah, it is a big day for me and I was so thankful to my friend.

Now I realize that investment is a need of courage and trust, either we invest in gold or Bitcoin, it is still be needed. After I sell my Bitcoin, I use some of it to invest in gold but I was surprised that until today, it didn't happen to double my capital, unlike Bitcoin.

Listen OP i can understand from your post that you are very curious about the matter stated above.
But let me explain you a little things to make it more easier.
Gold and Bitcoins have separate holders. A person holding it from start will never sell it.
If you are ready to get steady profit, then should go for BTC, else if you are in long term investment, then Gold suits better.
Hope this helps you OP to understand the things better.

when our capital is in gold investment and we want to invest in bitcoin too, I think we can share it. but for me, bitcoin investment should be smaller than gold investment, I think the risk in bitcoin investment is greater, because in my opinion the investment should be proportioned according to the level of risk, and if I may choose, maybe I will invest primarily in property

I think there is a big difference between selling gold to invest in bitcoin and there should be an alternative way to invest. Just as gold increases the value of long term investments so does bitcoin the risk is higher but as it gets older the price of gold will continue to rise so no one will sell gold to invest in bitcoin if you have to spend on both sides with your own capital then it is possible to gain from both sides. If you want a small amount of things you want to trade less than any one item, that's fine suddenly gold makes all this available.

If I have gold, I might not sell it to buy Bitcoin. I think both gold and bitcoin have value. But for the current investment, I will definitely choose to invest in Bitcoin, because the profit of Bitcoin is greater than that of gold, but gold is slowly stabilizing now just to preserve its value.

Although, all arguments have been in favour of bitcoin over gold, I do believe that possessing gold is somehow also a way of providing security against economic collapse.
If you'd ask me, as much as it is advisable to buy and hodl bitcoin, it is wisdom to know that you shouldn't put all your eggs in one basket. Personally, I think it is more advisable to split your assets between bitcoin and gold.
I'd say sell some of your gold to buy bitcoin. Don't sell all. You'll also need it.

100% agreed, both are good asset for our investment so if we can have both at the same time why we should sell one to buy the other one. Even if we are so sure about bitcoin will give higher long term profit but the risk is also higher. Gold is more stable which mean lower risk, so we should be wise enough in investing our money on both bitcoin and gold.

Many people here try to find the best points of bitcoin to raise their consensus and support but I believe most of them are going against the plan, they are also holding gold and also don't want to sell gold in exchange for more bitcoin because images and ghosts of periods when bitcoin couldn't rise is their obsession, their support for bitcoin is only a superficial representation, asking them to follow their advice will produce a reaction of defense and resistance, gold is still a highly accumulated asset, instead of being sold

Selling gold to buy Bitcoin is a good choice.

• Bitcoin is stored and traded on the Internet, which is more convenient and safe.
• The number of Bitcoins is also limited, effectively avoiding inflation. And gold can be issued continuously according to demand.
• The scarcity of Bitcoin is that its value continues to rise, and people's recognition and demand for Bitcoin is also conducive to the future development of Bitcoin.

I don't have any weighty pound of gold stored away somewhere else, I'm sure it won't have been much of an option to sell it off in purchase of some Bitcoin. Gold is a commodity of value for sure, looking at the fact that, its a valuable piece of luxury and have stood or continues to stand the test of time.
With nations even haven't to store or measure there reserves in gold but then, in the current order of things,as an investor that desires profit, its more sensible to sell of your gold in purchase of bitcoin. Perhaps you can buy it again after making some considerable amount of profit but till then, bitcoin seems of the most valued when compared with gold.

GOld and bitcoin should not substitute each other , they are best portofolio at this moment although have different risk level. With similar limited supply those assets have market cycle and price structure could analize well . In my opinion it will be our disadvantages if sell our gold for bitcoin.

It depends on how much of gold vs bitcoin you're holding. If you have 3x more gold than bitcoin think about balancing it a bit more at least towards 50/50.
I think that if you have physical gold you should hold it. In case of a hyperinflation things like physical goods, metals, bitcoin, will all go up in value.

If you have gold shares you can as well sell it for bitcoin because it's not as safe to hold as bitcoin and will produce much smaller profit for you.

I want to download, this is how much gold you need to sell. to buy at least one bitcoin. In general, in my opinion, this is an unequal exchange, gold will never fall in price, the more you wrote in the long run, so in the long run, gold also rises in price. In general, this is a bad idea, you can be left without gold and without bitcoin at all, taking into account such a market for now.

not a bad idea you exchange your gold for bitcoin. I think the benefits will be much greater that you will feel. But keep in mind the point you will be profitable if you are good at analyzing bitcoin prices.. But even if you count the length of time you hold gold and if at that time you already held bitcoin.. maybe today you have become a billionaire.. Keep studying with the right people so you won't be influenced by rotten coins.

I have not invested in gold before, so didn’t have to do that. But I don’t think selling your gold would be a good idea if you have extra funds that you can use and invest in Bitcoin. Unless the case here is that you don’t have any other funds and you’re in need of funds to buy bitcoin, then sure you can go ahead and sell the gold and then invest the money in Bitcoin and HODL or trade to make profit, depending on how you want it.

It wouldn’t be bad to own both gold and bitcoin they, both of them are among the hottest assets you can buy. But in a situation where I am left to select just one of them, then I am sure going to choose Bitcoin, because that’s what has been working out for me.

I have gotten lucky one day and i found a golden ring on the ground, i took it to the jewelry store and i sold it for a good amount, i took that money i bought something with it and the rest i have invested it in bitcoin, and effectively the money that i invested it grew by a lot, the point of the story is that even gold is a good investment but it is  stagnant and won't get you any significant profit even if you hold it for years, so try investing it in bitcoin and crypto because they are the ones that generate good profit.

Cryptocurrencies such as Bitcoin are the current investment trend. Bitcoin is not a physical object like gold, it performs all operations in the network system, as long as the private key is remembered, it can be stored safely. The number of bitcoins is limited and cannot be issued at will. This scarcity will increase its value and also great potential for appreciation in the future.

If I had an investment in gold, I probably wouldn't sell it all to invest in bitcoin. between gold and bitcoin are different in nature, so I think investing in both would be better to diversify the investment risk. we know that investing in crypto is very profitable because of the pump, so the slightest capital as long as it's right will make it easy to become rich

I don’t get you mate.
From your statement it seem to me that you are confused yourself.
But i can really advice you that if you looking for long term investments, then go on holding your Gold, but if you want quick profit then sell it instantly and buy BTC right now.
Both BTC and Gold has separate fanbase and worth, but it depends on us how we will use it.
Hope this helps the OP too.

If you don't want to be a big risk when investing, then gold is the solution because there will be no bear market, something will happen later, just a slight decline and will not have a big impact, that's for those who don't like big risks

So choosing bitcoin is a good thing especially with the skills you have then selling gold is not a problem and buying bitcoin is the main way to be profitable in the future, even in a short time it can become bigger that's how skills do it, so I I think everyone who decides must have a good plan too.

But for me of course bitcoin is an option.