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Author Topic: Investors dumping gold-switching to bitcoin?  (Read 1984 times)
michkima
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February 15, 2017, 03:37:27 PM
 #41

Though I don't think they will be shifting to bitcoins after dumping their gold. Bitcoins has not yet been adopted greatly be the world and there are only less than 1% of the world who really use bitcoins. With that, I don't think a majority of these investors dumping their gold even know about bitcoins in the first place. Maybe they are just moving to another kind of asset.
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February 15, 2017, 03:43:10 PM
 #42

It is important to note that gold has demonstrated reliability. Civilizations have traded gold since roughly 600 B.C. and it continues to be used by dealers and investors with great enthusiasm today. Gold is also sure to never lose its intrinsic value as a Precious Metal with numerous practical applications.

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February 15, 2017, 06:09:58 PM
 #43

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

This are one of the main reasons to making people dump their gold, but if they are coming into bitcoin its another question, there isnt currently any other investment that can gives the returns of crypto world, being the bitcoin the most safe investment at the moment. Sure you can try others investments, but its almost a sure you will end loosing some of your capital doing such, forex and others ways does expose at high risk your money, while bitcoin its just invest and wait. Small changes happens all days at it, some people able to make an income from those, soo i dont see why people wouldnt left gold.
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February 15, 2017, 11:55:02 PM
 #44

It is a common thing for investor to do that, investors are a looking for the best way to earn profit, and maybe gold is in stagnant price so they dump gold and turn to other things which they think it is more profitable than gold, but one day the investor will back to investing in gold because gold is one of the most stable investment tool that exist


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February 16, 2017, 12:10:54 AM
 #45

Why does everyone compare gold to bitcoin?  There are so many threads about this, it's crazy.  If you want stability,  go for gold.  Bitcoin has historically been the opposite of that.  The stock market, too, but it's been much less volatile lately.

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February 16, 2017, 12:31:04 AM
 #46

Google search the article written by vinny lingham on gold and its future, it was an interesting read, and this man knows his stuff.

here it is
https://vinnylingham.com/gold-is-getting-trumped-62d7f21475ee#.2i7pifcz9
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February 16, 2017, 03:05:55 PM
 #47

old news

sell 1ounce gold for $1200
buy bitcoin at $900 (1.33btc)

wait for bitcoin to go to $1200.. sell 1.33btcc for gold.(get 1.33 ounces)

this is why bitcoin topped out at $1200 2 times in the last 4 years and then sunk back down

I prefer it like this:
buy bitcoin at $900
wait for it to go to $1200
Sell
Wait for it to go down
Buy more bitcoin!

Gold and silver are a trap because they become hard to sell when you've held for years. My parents used to have silverware and coins stacked up somewhere in the house for over 40 years and never sold it. I'm sure they will die before they sell that stuff. Who needs a new car or a house when precious metals are so pretty and shiny.  Roll Eyes

I prefer like this:
Buy bitcoin and gold at cheaper price for long term investment and just sell it out when I need money.
As long as fiat money can afford my expenses, no need to sell my precious gold & digital gold.
I think you're wrong about gold and silver become harder to sell as time goes on for long term, as gold in market (buy and sell) are easy to find.
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February 16, 2017, 04:39:07 PM
 #48

Gold is the store of value for countries, which gather vast amounts of it. So if we could just see a country choose to have 1% of its capital in BTC it would be huge. But i dont see it in the near future
Yea, I have a feeling that nations will always stick with gold (although I can't be sure it's been that way for thousands of years and shows no sign of changing), although individual investors may start diversifying some of their investments into bitcoin.

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February 16, 2017, 04:47:02 PM
 #49

Why does everyone compare gold to bitcoin?  There are so many threads about this, it's crazy.  If you want stability,  go for gold.  Bitcoin has historically been the opposite of that.  The stock market, too, but it's been much less volatile lately.

because bitcoin is considered the gold of internet, gold of the future or hi-tech gold or whatever, they are very similar to me, they both share mining activity they both share store of value etc... bitcoin also look very stable now, it make sense that some investors jump on the best train that is moving, i would do the same
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February 16, 2017, 05:05:12 PM
 #50

Why does everyone compare gold to bitcoin?  There are so many threads about this, it's crazy.  If you want stability,  go for gold.  Bitcoin has historically been the opposite of that.  The stock market, too, but it's been much less volatile lately.
I don't think that many investors will dump gold, but perhaps sell a little gold and put that into bitcoin. But yes, bitcoin is more of a potentially volatile currency/investment, while gold is more of a storage of wealth.

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February 16, 2017, 05:43:14 PM
 #51

No i dont think so,virtual gold trading is overspculated,much more than bitcoin market,usually gold s hedge for dollar,dollat up gold down and vice versa.With last USA infllation data investors will speculate on furtther USA rates rise,bitcoin is alterntive,but bitcoin price on major chinise exchanges is fake as thay are suspending bitcoin withdraw for one month


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Sled
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February 16, 2017, 06:03:25 PM
 #52

Selling or dumping a great and stable kind of investment is very impossible just to jump to another kind of investment. Gold is been for a lot of years and it shows enough evidences that it is stable and very profitable in the long run while bitcoin is 'almost like gold' (In my opinion) because just after a few years its price already climb up and it is very profitable even on short or long run because of its volatility on its price. Final thoughts, Investors in gold is not that stupid to sacrifice or dump the gold just for bitcoin there is a lot of reason to view not only by its competition on bitcoin.
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February 19, 2017, 08:02:04 AM
 #53

Why wouldn't they switch to bitcoin from gold. There are so many reasons why bitcoin is anyday better than gold.
Our purchased gold 5 years agoand now it's value it almost half and is still on the fall. I wouldn't trust gold as the price is controlled indirectly by the government. Comparing gold with bitcoin I purchases few bitcoins right after the bitfinex hack and now I'm getting returns of 70% just in 7 months while gold getting returns of -40% after 5-7 years
Gold more than an investment is a store of value while it has lost some value in the past years in the long run the ups and downs should average and you will retain your purchase power, it seems that may be you bought when the price of gold was high and now you are stuck with that is not really that much different to the people that bought bitcoin back in the day on the biggest bubble of bitcoin.
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February 19, 2017, 08:20:54 AM
 #54

It makes sense why they would do that since it is easier to get returns on bitcoin than on gold. Waiting just months with bitcoin when you bought low will give you a good enough return on your investment while in gold you need to wait for years to get a good return from your investment. Gold may be traded since ancient times but today it has not lost value but it isn't that profitable at all since short term trading with gold is sometimes hard.
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