Bitcoin investors now moving to gold

[Janation]

well for the fact that few persons moved to gold does not mean people no longer believe in bitcoin. so many investors still believe in bitcoin and are ready to take the risk with bitcoin

A lot of people believe in Bitcoin but saying that people moved to gold? Nah.

If someone is capable of investing big money, they've already invested on Gold surely for a long time now. They might invest on Bitcoin but I don't think they will prioritize Bitcoin since Gold is one of the best investments for a long time now. You are saying that a lot of people are taking risks but the price of Bitcoin is continuing to drop meaning a lot of them are selling their Bitcoins now.

[Siren]

I don't care if what they wanna do with their money ,whats important is out money that will remain here in crypto investments,let us not look for something that might discourage others to continuously support bitcoin and all altcoins instead let others see things in good prospective that theres a bright option from this bear and that is to purchase more crypto while the value is more cheaper.never let the dip bring us down because we all know that in sooner market will recover

[ethereumhunter]

well for the fact that few persons moved to gold does not mean people no longer believe in bitcoin. so many investors still believe in bitcoin and are ready to take the risk with bitcoin

When I think more about this, I guess that if people/investors were moving to gold is because they want to have another type of investment, so they choose gold for the next investment. And what I think is how we can spread that money into many types of investment because our purpose is to make more and more money in the future. And by having more than two types of investment, gold and cryptocurrency, we can have the opportunity to make a bigger profit.

[Pursuer]

well for the fact that few persons moved to gold does not mean people no longer believe in bitcoin. so many investors still believe in bitcoin and are ready to take the risk with bitcoin

When I think more about this, I guess that if people/investors were moving to gold is because they want to have another type of investment, so they choose gold for the next investment. And what I think is how we can spread that money into many types of investment because our purpose is to make more and more money in the future. And by having more than two types of investment, gold and cryptocurrency, we can have the opportunity to make a bigger profit.

you are mostly wrong.
having more than one investment is not going to give you more profit, and also having more than one investment (aka diversification) is not about making more profit, it is instead about reducing the risk of your investment while still making profit.
so when you buy something else like gold it is because you want to have a stake in another market that is not going to drop with bitcoin, or vice versa, you buy bitcoin because you want to have something that doesn't drop with gold. so that if one of them dropped you are not in total loss.

besides OP is not even talking about diversification! he is talking about people giving up bitcoin and buying gold instead. and he is saying they are dong it now that it is not time to sell but the time to buy

[denzkilim]

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.

You're correct there bro! There is a difference between people who invest in digital assets and investors of physical assets and I guess some people do not understand it. Bitcoin or Crypto Currency investors are what they are and Gold investors are what they are, this two kinds of investors have a different kind of points of vies and philosophy and they will surely don't match at each other. Crypto investors are high-risk takers while Gold investors are low-risk takers.

[EdenHazard]

I don't think people did remove gold from their vocabulary totally because of bitcoin by the way. I believe that though many crypto holders have full trust in bitcoin and have not really given attention on gold, it doesnt mean gold became lesser in value. gold is tested and proven even from the beginning of times and still until now valuable, so if bitcoin investors have shifted to gold now that bitcoin price is down, their decisions are justified. they can't be blamed.

Agreee I think just because of bitcoin, someone won't get rid of sight or get away from gold. of course we know the capacity and potential of gold, Im sure that not all users leave gold for bitcoin right ? some even combine it? and that doesn't matter, even get more profit

Yeah that's a very reasonable thing, everyone can see the profit he will make and the losses he will find. Also, I am not hypocritical when investing in gold is the safest way to invest, the risks that will be faced are very small, you will only benefit from losses. However, to say I exchanged bitcoin investment with gold then I disagree, I still hold bitcoin to date. I have got a loss, but that does not mean I am leaving my investment.

[marcbitcoins]

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

This is the reality now in which investors will really leave the crypto space in dismay and will be force to shift to none crypto investments as more than a year of enduring the bearish market is really a difficult thing to do but i believe that once crypto currency will back to its great form then those who leave will going back as most of them are just waiting for the bullish run to start.

[Upgate]

Anyone can write an article and it finds its way into the internet so let's not promote FUD by bringing such false article into the forum.
And try next time to put a disclaimer to your title when you are dropping a sourced article

[Bitfling]

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

Gold price increasing from $1200 last month and right now the price above $1300. Gold always first option if people afraid on economic conditon.  But i think bitcoin can be a store of value like gold if bitcoin adoption happen. Thats news could be true

[deisik]

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

There is no way that Bitcoin investors are going to switch over to gold

I can tell you that even without reading the piece you linked to. I can even go so far as to claim that it is a complete junk. Why am I so sure? The reason is surprisingly simple. Because Bitcoin and gold are assets which are on the opposite ends of the investment landscape (with many other asset classes in between). People invest in gold if they want to save the wealth they have already accumulated, while people who invest in Bitcoin are speculators and looking to multiply that wealth or create it in the first place. So it is two entirely different groups of people with completely different goals in mind, and there is not a single chance for the massive switch-over between them. It simply doesn't happen in real life

[markj113]

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

There is no way that Bitcoin investors are going to switch over to gold

I can tell you that even without reading the piece you linked to. I can even go so far as to claim that it is a complete junk. Why am I so sure? The reason is surprisingly simple. Because Bitcoin and gold are assets which are on the opposite ends of the investment landscape (with many other asset classes in between). People invest in gold if they want to save the wealth they have already accumulated, while people who invest in Bitcoin are speculators and looking to multiply that wealth or create it in the first place. So it is two entirely different groups of people with completely different goals in mind, and there is not a single chance for the massive switch-over between them. It simply doesn't happen in real life

So what about people like myself that speculated in bitcoin, made a decent profit then cashed out the lot into gold to stabilise the gains made?

[deisik]

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

There is no way that Bitcoin investors are going to switch over to gold

I can tell you that even without reading the piece you linked to. I can even go so far as to claim that it is a complete junk. Why am I so sure? The reason is surprisingly simple. Because Bitcoin and gold are assets which are on the opposite ends of the investment landscape (with many other asset classes in between). People invest in gold if they want to save the wealth they have already accumulated, while people who invest in Bitcoin are speculators and looking to multiply that wealth or create it in the first place. So it is two entirely different groups of people with completely different goals in mind, and there is not a single chance for the massive switch-over between them. It simply doesn't happen in real life

So what about people like myself that speculated in bitcoin, made a decent profit then cashed out the lot into gold to stabilise the gains made?

You won't believe me but I expected exactly you to come up with this "rebuttal"

Though not so fast, of course. Actually, you are a gold bug (which you seem to admit yourself), so it is no surprise that you would convert your Bitcoin gains into gold as you have likely been doing before (thus nothing has changed). And I would do the same if I were you. But obviously, I'm not you, and neither are the majority of the Bitcoin crowd here. So you fall into the category of those who have already accumulated enough wealth to make it reasonable and practical to walk this route and probably have already been doing that all the time

But this is not the case with the rest of the pack, most of which are hapless and hopeless bagholders anyway. They don't even think of gold as a viable option as they have no wealth or gains to save. So their only choice is to keep holding and hope for the best. Gold is not for them

[The Cryptovator]

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

I don't think so, we have seen lot of news like that but reality is different. We can say just big investors are waiting to invest on Bitcoin. Due ETF and some others issue big investors are on confuse about market volatility. But I believe some of big investors are buying bitcoin but they are not exposing in my opinions. Just they are silent and may be any time can run bull like 2017. As a bitcoin holder personally I don't believe much bitcoin investors are moving on gold investments. Bitcoin and gold investments are not same. I think we can't see this price again within next years. So whoever will move on gold from bitcoin I don't think they will on much profits.

[Initscri]

Honestly, how can any journalist reasonably and reliably measure where investors are moving their funds, especially with Bitcoin. It's sort of difficult to detect with BItcoin. I'd like to see some actual numbers here instead of just CEOs speculation.

The article is only there to gather buzz/clicks. It's not reputable/worthy info.

[ethereumhunter]

well for the fact that few persons moved to gold does not mean people no longer believe in bitcoin. so many investors still believe in bitcoin and are ready to take the risk with bitcoin

When I think more about this, I guess that if people/investors were moving to gold is because they want to have another type of investment, so they choose gold for the next investment. And what I think is how we can spread that money into many types of investment because our purpose is to make more and more money in the future. And by having more than two types of investment, gold and cryptocurrency, we can have the opportunity to make a bigger profit.

you are mostly wrong.
having more than one investment is not going to give you more profit, and also having more than one investment (aka diversification) is not about making more profit, it is instead about reducing the risk of your investment while still making profit.
so when you buy something else like gold it is because you want to have a stake in another market that is not going to drop with bitcoin, or vice versa, you buy bitcoin because you want to have something that doesn't drop with gold. so that if one of them dropped you are not in total loss.

besides OP is not even talking about diversification! he is talking about people giving up bitcoin and buying gold instead. and he is saying they are dong it now that it is not time to sell but the time to buy

I don't mind if you say that I am wrong. I mean that when people like me (who only know gold is precious) are moving into gold, that is not because I want to have another investment and I know that it's not about making more profit, but if I know how to make more money than you, then I can choose to go using that way 
But still, reducing the risk of the investment to make more profit, in the end, is the main goals for the making of much investment and that is what we want from the investment.
When I buy something else like gold, it is because I want to have the physical form of the investment which a gold have that form, and I can save it in my deposit box. I only know that gold is one of the best investment ever.
Where is the OP saying about people giving up bitcoin and buying gold instead? OP itself is not clarified about that, and he only gives a link from another source which after I read, that is pros and cons in that sites. One person saying the negative things about bitcoin and choose gold, the other person telling the positive about Bitcoin. I don't think that people will easily buy gold especially when the price is up because I think they need to wait for a while until the gold price can decrease

[Juggy777]

this was true because we see that the value of bitcoin is decreasing at all times  .  if there are people who dislikes the price decline , there are also people who likes it  .  the price can recover if those people are going to start buying  and the people that switch to gold will also go back to bitcoin  .  theres nothing worry about it guys  . just continue what you are doing because btc will be just fine  , trust me  

There’s no doubt that we’re in the longest bear phase bitcoins has seen since it’s adoption, but the statement people are moving to gold from bitcoins is one big lie. I feel people are being misled into buying gold at current levels where I feel prices are very high, and soon this bubble will burst and gold prices shall crash. I urge people to not repeat the mistake of December 2017, of buying a currency/commodity at it’s peak just cause you’re made to believe others are buying it too.

[qiwoman2]

I think this is just to create that kind of market sentiment for people to psychologically go now and start buying up the gold that these whales have already invested in so that they can go and dump it again down the road. It's called soft marketing. Of course, having some gold in your portfolio doesn't hurt, especially if you have funds to diversify in, but we know this kind of marketing is to make people buy in a certain way and it's created to move markets. Remember all those so called experts that said by the end of 2018 Bitcoin will be between 30 - 60 USD? Where are those experts now? These people are paid to say things so that people act in a certain way to buy their products and services, that's it.

[Pursuer]

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

There is no way that Bitcoin investors are going to switch over to gold

I can tell you that even without reading the piece you linked to. I can even go so far as to claim that it is a complete junk. Why am I so sure? The reason is surprisingly simple. Because Bitcoin and gold are assets which are on the opposite ends of the investment landscape (with many other asset classes in between). People invest in gold if they want to save the wealth they have already accumulated, while people who invest in Bitcoin are speculators and looking to multiply that wealth or create it in the first place. So it is two entirely different groups of people with completely different goals in mind, and there is not a single chance for the massive switch-over between them. It simply doesn't happen in real life

So what about people like myself that speculated in bitcoin, made a decent profit then cashed out the lot into gold to stabilise the gains made?

there is nothing wrong about that but that only puts you in the minority. there are many different groups of people, most of them are accumulating bitcoin. they may cash out at the top when the price is near the ATH for the maximum profit and then put it somewhere else, although rarely in gold, but they all eventually come back to bitcoin again as the drops end. meaning these days that price is near the bottom.

[BLAST2MARS]

This news must be funded by gold investors. It's not just gold that is out there and there is much worthy investments that is doing good. People are just selling you the news so you'll buy more and make the price spike faster and then when they sell, you'll all cry asking yourself why'd you do it.

[deisik]

Honestly, how can any journalist reasonably and reliably measure where investors are moving their funds, especially with Bitcoin. It's sort of difficult to detect with BItcoin. I'd like to see some actual numbers here instead of just CEOs speculation.

The article is only there to gather buzz/clicks. It's not reputable/worthy info

So it was a pile of junk after all and I was right about not reading it

I mean that when people like me (who only know gold is precious) are moving into gold, that is not because I want to have another investment and I know that it's not about making more profit, but if I know how to make more money than you, then I can choose to go using that way

That's my point exactly

People convert their wealth into gold when they have already accumulated enough of that wealth to care more about preserving it and not so much about multiplying it (as a whole). Though it doesn't necessarily mean that they move all their wealth into gold or some other hard asset. Gold works as a reserve asset if things go massively awry with everything else (in the world), so it is a rational choice and wise investment