Investors dumping gold-switching to bitcoin?

[Catmony]

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

[1714952498]

1714952498

[talkbitcoin]

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

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

[Pab]

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

[Mometaskers]

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

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

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

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

[Nathan047]

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

[squatz1]

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

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

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

[LEEMEEGO]

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

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

[Grdas130979]

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

[andrei56]

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

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


Full Article Here

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

[shintosai]

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

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


Full Article Here

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

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

[numismatist]

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

@andrei56 you got it  yes the plot is all about to pay the debt of nature finally filthy ritch, marvelling about where live has been gone nearby.

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

[btcdiggingmaster]

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

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

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

[JL421]

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

[zero1ten]

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

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


Full Article Here

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

[Sithara007]

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

I somewhat agree with your views, but not 100%. We don't know what is going to happen to the Bitcoin in the future. The inability of the government to assert control over Bitcoin can be a good thing. Think about it.

[QuantumFoam]

Bitcoin or any other cryptocurrency is always better than gold in terms of investment as it has been proved over the time. Thus it is not surprising for me that investors are showing interests in this technology and dumping their traditional investments.

[noictib]

Bitcoin or any other cryptocurrency is always better than gold in terms of investment as it has been proved over the time. Thus it is not surprising for me that investors are showing interests in this technology and dumping their traditional investments.

Yeah , investment in the gold like things now a very old idea of investment of money .
Since earning speed in the bitcoin is more speedly going , so the people selecting the investment for bitcoin and altcoin only .
Here everyone going to join technology with technical money in online world ( which is bitcoin not gold ) .
And also the demand of the bitcoin is going increasing day by day  making it more and more profitable than gold than why not the invested will switch their investment in the bitcoin .

[Xester]

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

If bitcoin is much profitable than gold then there is no wonder why many investors on gold are now shifting to bitcoin so they can enjoy the price inflation that is constantly happening and in large bracket compared to gold. If that is the case then we can expect more change in the price of bitcoin in the coming weeks. From 1000$ what will be the next stop for bitcoins price inflation, I am excited.

[Zadicar]

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

If bitcoin is much profitable than gold then there is no wonder why many investors on gold are now shifting to bitcoin so they can enjoy the price inflation that is constantly happening and in large bracket compared to gold. If that is the case then we can expect more change in the price of bitcoin in the coming weeks. From 1000$ what will be the next stop for bitcoins price inflation, I am excited.

Maybe if all investors on gold would purely go or switch to bitcoin then expect for the price of bitcoin will inflate but i dont think they will purely leave gold behind since we all know that gold is precious and even how bitcoin rise its price over gold but still no one could beat it as a precious metal or asset.

[X-ray]

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

I don't think so because bitcoin still has a little problem with the government permission. and it was preventing a lot of the investors to buy bitcoin on a large scale.

Wait until the bitcoin will get approval and BOOM!