Bitcoin investors now moving to gold

[Unblock_news]

Bitcoin investors are now moving to gold citing the cryptocurrency’s issues with liquidity and store of value.


Read more here: https://www.unblock.news/news/bitcoin-investors-now-moving-to-gold

[joniboini]

Some people call this news a fud. Even if it's true, I don't think we'll see a big movement at the price.

On the other hand, we see that VC funding is increasing even though we face a bearish season. Not surprising, speculation and maybe realization of blockchain potential clicked those VC. I still think people who want to risk a lot will choose crypto instead of gold or any other asset. It's a high-risk high return investment, after all.

[pooya87]

Some people call this news a fud.

it is not FUD, it is bullshit. there is a difference.

bitcoin investors don't go for gold, they either already have gold as their other investment for diversification purposes or they don't. what they never do is to sell bitcoin to buy gold instead! not to mention that at this point, everyone is either sucking their greed up and are accumulating bitcoin before the big rise begins or are greedy and are waiting for their dream price to buy bitcoin.

[BlackPanda]

Bitcoin investors are now moving to gold citing the cryptocurrency’s issues with liquidity and store of value.


Read more here: https://www.unblock.news/news/bitcoin-investors-now-moving-to-gold

The current situation of the Bitcoin market is not as good as what happened in the past year, but investors did not fully move to gold. Bitcoin remains the top choice in investing. The value of Bitcoin and also the fluctuations in the price of bitcoin can be used by investors to gain far more attractive profits.

[boyptc]

I've read of that news yesterday and it's just nothing to me. I won't click that article and for sure it's the owners link.

There's no point of covering what the bitcoin holders do, you didn't even know on how many people in the world are actually holding bitcoin. What these people do is this

diversification purposes

[Screamshot]

That must be just a small percentage of investors moving to gold. For the past 10years bitcoin have outperformed gold when it comes to return it f investment (i.e profit) . Those moving to gold might be the short term investors who taught bitcoin will continue increasing without experiencing some corrections

[r1s2g3]

How do you know that people moved from bitcoin to gold.Did they signed a disclaimer that they are migrating from BTC to gold due to liquidity issue. Anyway I am not against for investing in gold but I do not think people are migrating from bitcoin to gold and if someone do not want to invest in BTC then there are still multiple opportunities better performing than gold.

[Ridwan Fauzi]

How many people are there in this forum? maybe more than 1000 people and I can make sure they have investments in bitcoin. Did they switch and be included in the article? I guess not. When I read the article he said investors are bitcoin which means all bitcoin investors, and that is a very impossible thing. Maybe it would be better if the title of the article was some bitcoin investors switched to investing in gold.

[Pursuer]

the cryptocurrency’s issues with liquidity and store of value.

there is no issue with liquidity nor with store of value when you are talking about bitcoin.
your whole article also seems like your imagination on steroids trying to make up stories about what bitcoin investors do and don't do. what I don't know is why you chose gold! are you investing in gold yourself and are advertising it here?
I don't know anybody who moves from bitcoin to gold. the other direction is happening every day though meaning people move from gold to bitcoin as they see the potential. specially these days that price is at the bottom and is a good time to buy.

[romero121]

In recent days gold has shown a big steep growth in the market. As of now we haven't seen any price increase in the growth of cryptocurrencies. Some has predicted that the cryptocurrency market will begin to flourish by the second quarter of the year. Maybe some of the users will move towards gold for now and will return back. Importantly going to gold and returning back is a kind of trading.

[Kakmakr]

Warning - "Goldbug shills at work!"

For those people who do not understand - Gold bug is a term frequently employed in the financial sector and among economists in reference to persons who are extremely bullish on the commodity gold as an investment and or a standard for measuring wealth.

These people will employ tactics like this to push <hype> Gold as a attractive alternative to Bitcoin, in the hope that people will be foolish enough to sell their coins and to invest in Gold. 

Sorry Goldbugs, we see right through you. 

[figmentofmyass]

bitcoin investors don't go for gold, they either already have gold as their other investment for diversification purposes or they don't. what they never do is to sell bitcoin to buy gold instead!

says who? i've personally known multiple coiners who sold bitcoins to invest in gold at various points in time. they figured bitcoin was near the top or was in a bear market and gold had better prospects (since it hasn't pumped since 2011).

a lot of bitcoiners put their money (including BTC) into whatever they think will generate profit. that's why pirate40's ponzi scheme was so big. it's why altcoins are so big. i think you give bitcoin investors too much credit.

[popolite11]

As for me, the best variant is to invest in some cool projects, real estate, gold and promising cryptocurrency. But also tokens from top 20 is also nice!

[Warkop]

Many media or article makers like that spread FUD about Bitcoin so that the price of Bitcoin declined, for example like the article you have read, because they don't want to see the price of Bitcoin as high as last year, so many people produce articles that don't know the progress of Bitcoin in the future.

[dothebeats]

Articles like this often surface when there aren't any good news for bitcoin. Store of value and liquidity is not an issue for bitcoin. If anything, gold's liquidity is way worse compared to bitcoin, though the latter's volatility prove that it's somewhat hard to use for store-of-value knowing how easy and fast devaluation could happen for bitcoin. As always, I expect negative news to circulate once bitcoin performs poorly. It's fine for me as long as fundamentals are catching up, which could provide a stronger and sturdier base should there be a bull run in the next years or so.

[magneto]

I don't personally know of anyone who is making this switch.

Bitcoin is fundamentally very much like gold, but it is more convenient. I'd argue that on a retail level, bitcoin is probably much more liquid and the spreads are much lower than gold, which takes lots of effort to transport, verify the purity of, and buy/sell.

The only way that gold can be as liquid as bitcoin at this point is through allocated/unallocated gold accounts, but then you aren't holding the real thing.

So tbh, unless there is significant, backed proof of this happening, I'm not buying this story. On the contrary, I'd expect gold investors to look into bitcoin increasingly due to the fact that bitcoin is indeed decentralised and a long term hedge against inflation, and gold investors like this aspect of their investment.

[Elqui]

I laughed when i read the title of this post beacuse as we all know, bitcoin is so down and is really won’t come back for more than a year now, maybe what you’re trying to say is that the investors are moving because they don’t have a house for selling it because of bitcoin. But seriously, I’m hoping and we are all hoping for bitcoin price to go up, but before that, we all need to have effort in promoting it.

[paymentbit21]

I think they just earned a lot of money on Bitcoin at the beginning, so there was money to buy gold, the fact that the oldest is the strongest is a fact.

[Broly46]

To be precise they’re moving to paper gold, which is NOT physical gold, that’s definitely going to hurt crypto because more money will be moved into nothing but a imaginary gold. Unless you’re talking about trading bitcoin for physical gold going offline, not trading some contract gold otc.

[mutrang23]

Some people call this news a fud. Even if it's true, I don't think we'll see a big movement at the price.

On the other hand, we see that VC funding is increasing even though we face a bearish season. Not surprising, speculation and maybe realization of blockchain potential clicked those VC. I still think people who want to risk a lot will choose crypto instead of gold or any other asset. It's a high-risk high return investment, after all.

FUD is a bad thing in the current bear market, but the information he gives based on real statistics. China is one of the most developed countries in the Cryptocurrency, but currently, investors in this country are turning to invest in gold. According to statistics, against the punishment from China, China has accumulated gold letters and the amount of reserves in this country increases every day.