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Author Topic: Preserving crypto profits, exchanging to gold  (Read 112 times)
ZvikaR (OP)
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December 13, 2017, 04:49:53 AM
 #1

Hi there,

I recently wanted to cash out with a few of my Bitcoins and found out that a very good method is directly exchanging the cryptos to physical.
I'm not a big fan of the banking system and wanted something that is decentralized and seems to be that gold is the best option.
It also keeps the value without big fluctuations and usually goes up.
WhichIsGood
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December 13, 2017, 05:33:13 AM
 #2

I think that this is actually an ideal way of preserving profits because you can never tell what will happen to bitcoin or the whole crypto. I, for one, would like a tangible appreciating asset(like gold) in the long run rather than virtual/intangible one.

qiwoman2
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December 13, 2017, 05:50:52 AM
 #3

It's always good to diversify your assets. I also one day want to buy property but now property is tokenized as well, so I can invest in fractional real estate and earn dividends on the blockchain. Gold is always a nice asset to own and silver as well. There might be a bull run on silver next year, there are rumors. It is always wise to have various assets in one's portfolio. When I have reached a certain plateau of profitability in the future, I would also like to diversify into other assets as well. Please can you kindly let us know what is the best way t transfer BTC to Gold? I would like to hear from you on this subject, thanks in advance.  Smiley


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CoinCollector006
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December 13, 2017, 06:19:17 AM
 #4

You could also try exchanging your bitcoins for low P/E stocks so that you can exchange one pricey asset for an undervalued asset. I was looking at McKesson (MCK), Molson Coors (TAP) and Micron Technology (MU) as new ideas.

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