Bitcoin fall to $8,500 is to buy Gold

[First77]

Just got some information/news that people are selling $100,000 in Bitcoins to buy gold. The money they are getting by selling Bitcoins is used to buy Gold

Gold is the safest investment.

[markj113]

I sold all my crypto a few weeks back and put the lot into gold.

Seems I made the right call.

Hodl forever is bullshit, sometimes you need to take a step back and know when to take profit and stabilise your gains.

[First77]

I sold all my crypto a few weeks back and put the lot into gold. Seems I made the right call.

So I got the right news

[AwesomePython]

I thought bitcoin is gold. So whats the point?

[kerjakuat]

I sold all my crypto a few weeks back and put the lot into gold.

Seems I made the right call.

Hodl forever is bullshit, sometimes you need to take a step back and know when to take profit and stabilise your gains.

when it down. there was no more a good option then a plan b for sure. i already sold my bitcoin to ethereum and buy more altcoins now. all are dropping and this is a great chance to buy cheap from weak hand out there. it sort of gamble but that is the way i play my card so far.

[endlasuresh]

Gold price never jumps or make profit like Crypto's if you all are sold, then there is no worry for use since we believe Bitcoin will beat the wall once the strangers and panickers will leave. Anyway its all your own decision so no one can stop to you.

[Vinz1978]

I sold all my crypto a few weeks back and put the lot into gold.

Seems I made the right call.

Hodl forever is bullshit, sometimes you need to take a step back and know when to take profit and stabilise your gains.

But if you ask me which one is likelier to be up 1,000% three years from now, the answer is bitcoin. It’s still just a $45 billion-dollar market cap.

Gold has stood the test of time and a medium of storing value. For that reason, it deserves a place in your portfolio. Bitcoin’s time on the other hand, is just beginning. Blockchain is the future, and when you have an opportunity to buy the future and tuck it away, you should take it.

Good investing,

[penig]

Just got some information/news that people are selling $100,000 in Bitcoins to buy gold. The money they are getting by selling Bitcoins is used to buy Gold

Gold is the safest investment. See the link

Says who, goldbugs?  Gold crept up last week, gone down yesturday and today.  Inconclusive at best, but really thats a negative correlation to the suggestion.  Individuals buying in to gold do not account for massive and sudden sell off across all crypto.  This is just looking for explanation beyond the simple reason crypto holders get scared easy, one bad news story and all the bullish talk of the moon evaporate.  

[markj113]

But if you ask me which one is likelier to be up 1,000% three years from now, the answer is bitcoin. It’s still just a $45 billion-dollar market cap.

People tend to forget the flip-side.

In 3 years time which is likelier to be worth nothing?

People here like to think thats impossible but its not.

I made good money in bitcoin but for me hard assets are always the end goal.

Got just under 400oz of gold + just over 750oz silver + Lambo Gallardo LP560-4 spyder on my bitcoin gains

[frowsiter]

Just got some information/news that people are selling $100,000 in Bitcoins to buy gold. The money they are getting by selling Bitcoins is used to buy Gold

Gold is the safest investment. See the link

I don’t agree your statement at all. After all these years I’m so sure about the crypto currency that I am not willing listen to people who are saying bad things about the crypto. Just because it is falling then it doesn’t mean that you have to start panicking about it and speculate anything weird about it. I’m totally into crypto now and would love to support it in all the possible ways. This year crypto currencies are going to bloom like anything because people are already gotten rich since last years investment and now they all have plenty money to reinvest in this year. Let’s wait and watch people buy gold or bitcoin. ;-)

[Arvydas77]

But if you ask me which one is likelier to be up 1,000% three years from now, the answer is bitcoin. It’s still just a $45 billion-dollar market cap.

People tend to forget the flip-side.

In 3 years time which is likelier to be worth nothing?

People here like to think thats impossible but its not.

Gold seems to be very conservative play even if you have more than 10 millions of USD to invest. I don't think that we have seen bottom for gold. Modern way of investing is to play fiat-crypto-fiat to maximize profits.
With gold you can just sit and wait for 10 years but in crypto things are going fast and you can make money both ways - in bull and bear market.

[markj113]

General consensus is commodities/gold/silver are entering a new bull market and 2018 is looking good.

[Anti-Cen]

Gold is good if your talking about physical but the next peak is about 3 years away

Attention spans today (Something in the water supply) is far to low today and the
need a faster high that Bitcoin has delivered but most of them now have failed to  
see that they have become gambling addicts.

These people will go down with the boat if it sinks and my guess is that the 20,000
woodworm (miners) eating away like made will result in the demise of the ship with
the captain

[ICOchamps]

Just got some information/news that people are selling $100,000 in Bitcoins to buy gold. The money they are getting by selling Bitcoins is used to buy Gold

Gold is the safest investment. See the link

Those people don't really affect the market a lot anymore these times.. It's just a normal correction I think. Some big gainers are taking their profit now and most of the people selling are just panicing, it's a horrible time to sell BTC. Would make absolutely no sense to me to sell Bitcoins *now* just to buy gold. If you need some money fast, okay, but not to buy gold..

[Proton2233]

Now not profitable to sell bitcoins. If you needed money you had to sell before. Now we have to wait. Once the panic subsides the price will return to its position. Any mass actions always cause imbalance of the system. Now we see the consequences of that. Who has not had time to sell bitcoin to falling prices must now wait for the next chance.

[allthebitandbobs]

buy some it always good to diversify

[darksanya]

Of course, gold is the safest asset. but think about when you can earn at least 10% of the starting deposit on it. it should take several years and what is more you must be sure that this metal can not replace and no one find analogues. and this is only the beginning of the list of reasons) we all invest if crypto because it can bring real money in short period of time. actually, if I had a few thousand extra, which I can forget about for several years, I would also buy gold)

[kueyen]

There is no need to be upset about people investing in other commodities. You shouldn't feel attached to anything like a fanatic, we should decide with our brains, after all, and not with our hearts. If you sold btc a week ago, now might be a perfect time to buy low so that you can make even more money.

[cryptojoe]

First of all there is no link.
Second: gold doesn't grow in value over time.

[zlatan07]

Some speculation says that bitcoin will go down to 3k dollars. I don't think so but if, that would be great chance to buy more bitcoins.