BTC to GOLD

[OrangeII]

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

actually I aim to collect gold. it's just that I don't have the necessary funds, so I use bitcoin and altcoin for that. but, as far as I'm familiar with bitcoin and altcoin, the more I love this and try to pile up bitcoin and altcoin too. Yeah, but if there's a chance to have gold, I'll take it. so far, my plan is only to wait for the bitcoin pump, and if the price is as expected, I might sell it and buy some gold.

[Aying]

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

For me, gold is a good investment concurrent with btc or if I have excess btc I will buy some gold to hodl for long term investment. if we have gold we don't need to be afraid if btc price goes down because we have gold as our option if we loss our investment in btc. and also, gold prices is still not that bad and the prices will much higher in the future.

[Mometaskers]

Personally I'd rather have more bitcoin than gold simply due to gold not as liquid

You can look into gold derivatives (aka paper gold) if you don't want the usual hassles of holding physical gold

I actually don't own gold currently, just like most people I know. My savings are in crypto and cash mostly.

I heard about derivatives but they seem to be not common in my country, I can't even find enough information online. I like the idea of holding physical gold but I think they're much trouble storing and guarding. It'll probably be the last type of asset I'll acquire.

[msarro]

I dont think selling gold for bitcoin is a good option these days. We are seeing a constant decline in bitocin price and it may go down to unknown price. So better keep your gold with you as its proven asset for centuries. Its very risky to exchnage gold with bitcoin.

[Dart18]

More like fiat but in commodity type.
We are still saving up until now fiat money right? Either with banks or just at home putting a piggy bank or whatever container you want to put it into.

That is also the case of gold for me.
I am buying more of that.
Somewhere in the near future there will be nothing to be mined and then what?
It will be one of rare things in this world which will have a greater demand. Yeah, I am sure of that.

[deisik]

Personally I'd rather have more bitcoin than gold simply due to gold not as liquid

You can look into gold derivatives (aka paper gold) if you don't want the usual hassles of holding physical gold

I actually don't own gold currently, just like most people I know. My savings are in crypto and cash mostly.

I heard about derivatives but they seem to be not common in my country, I can't even find enough information online. I like the idea of holding physical gold but I think they're much trouble storing and guarding. It'll probably be the last type of asset I'll acquire

Holding a few gold coins is probably not that bad an idea on its own

But it makes sense only if you intend to keep them for life as a means of last resort only, and then pass the coins to the next generation provided you really are into this thing and don't have to sell these coins in case of an extreme necessity. Paper gold typically refers to gold mutual funds, futures and options as well as investment instruments like unallocated metal accounts that many banks offer their clients

[imstillthebest]

I dont think selling gold for bitcoin is a good option these days. We are seeing a constant decline in bitocin price and it may go down to unknown price. So better keep your gold with you as its proven asset for centuries. Its very risky to exchnage gold with bitcoin.

if you have both gold and btc and you need money thesedays your best option would be selling your gold because gold does not decline too much and you would earn some profits by hodling gold already but btc these days have fallen too much . best for btc is to hodl  .

  exchanging gold to btc is risky but as long as you pick the right time to exchange you will be fine  . btc is risky but once it pumped up you will be able to earn much compare to what youll be getting with your  gold  .

[FairUser]

I still keep some money for myself to use for the necessities. I don't invest 100% of all my money in BTC and Altcoin because if I invest all my money in cryptocurrencies it will be difficult to sell them when I have a problem to solve. Prices may drop and I would lose money if I sold them at that time. Keeping some gold or cash for yourself is a good idea

[alexsandria]

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

They are both good. But as for long term I would rather go for bitcoin. Bitcoin price from the start comparing it for today is totally far different from each other. And I would be totally surprised if bitcoin 10 years from now on if it not 5 times or even 10 times greater from its currently price. And it would make you millionaire with just patience.

[longyenthanh]

I dont think selling gold for bitcoin is a good option these days. We are seeing a constant decline in bitocin price and it may go down to unknown price. So better keep your gold with you as its proven asset for centuries. Its very risky to exchnage gold with bitcoin.

if you have both gold and btc and you need money thesedays your best option would be selling your gold because gold does not decline too much and you would earn some profits by hodling gold already but btc these days have fallen too much . best for btc is to hodl  .

  exchanging gold to btc is risky but as long as you pick the right time to exchange you will be fine  . btc is risky but once it pumped up you will be able to earn much compare to what youll be getting with your  gold  .

The right time to enter the bitcoin market is about to come or maybe it's already here.
Fortune always favors the bold. One has to take the risk to get the benefit. If we keep on thinking bad about bitcoin future and its price voltality, we will be only spectator in the next coming bull run.

[Amel]

I am pro bitcoin but I am not too much excited about bitcoin. I have due respect for Gold and other commodities also. Gold is trusted as a valuable asset for centuries and even in today's world its more worthy then bitcoin. We need to realistic about bitcoin, its a valuable investment asset also but don't think that there is nothing else in the world greater then bitcoin.

We all know that bitcoin is so volatile in which you can invest it for now and can be have a huge profit in the future. On the other hand gold is somehow a good investment but it takes too much time to wait when it comes to increase. Thus, both is profitable but the most challenging part on it is to wait and extend your patience as much as possible.

Both are equally beneficial but cannot be equated, that's what people need to know. Most of them equate the two, whereas gold and bitcoin will never be the same when viewed from various aspects.

The best choice is, like where we like it, if we like gold then buy gold if we like the bitcoin system then buy bitcoin or buy both. And one more thing, gold and bitcoin are not up for debate.

[BitcoinTurk]

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

I answered no on the survey but I would like to comment on the incident from two different perspectives.
The first point of view will be all about the return on investment. Nowadays, gold has become an investment instrument that does not offer a lot of profit opportunities. Although Bitcoin has a volatile structure, it offers the opportunity to obtain more returns with sufficient transactions. For this reason, I would like to evaluate my investments with Bitcoin, not gold.
The second perspective will be with a single perspective that will create a portfolio system with a single capital. If I did not have any extra resources other than the existing capital, I would prefer to invest my money evenly or proportionally in two investment instruments.

[diazepam666]

you have cleared cash with you and you want to back with something means you can always goes to gold and make the investment based on that elss if you have fund and cryptocurrencies then and BTC investment and ethereum are the good choice to start with.

If I am in your situation I will always goes to gold since the market growth will not break for any reason.

[Triffin]

I still keep some money for myself to use for the necessities. I don't invest 100% of all my money in BTC and Altcoin because if I invest all my money in cryptocurrencies it will be difficult to sell them when I have a problem to solve. Prices may drop and I would lose money if I sold them at that time. Keeping some gold or cash for yourself is a good idea

Yeah this is really good not invest all your money into bitcoin. If you will invest all into crypto you will put some in risk if you want to earn from crypto you will have to gain knowledge about it. As the more you will invest in bitcoin it will make your future safe and you will be able to get security against your rainy days of future.

[veleten]

maybe , I would consider converting some bitcoins to gold if I wanted to create a basket of currencies to hedge my investment risks
but my strategy doesn't include holding safer assets like gold , I prefer high risk high reward
bitcoin fits perfectly and if I spend some I rebuy it , but not gold
one more inconvenience in holding gold , it is harder to sell it fast at a a good price if you need money immediately
bitcoin could be volatile as hell , but at least I can sell it any time of a day in a matter of seconds without leaving the comfort of my home

[1Referee]

one more inconvenience in holding gold , it is harder to sell it fast at a a good price if you need money immediately
bitcoin could be volatile as hell , but at least I can sell it any time of a day in a matter of seconds without leaving the comfort of my home

I too initially thought it would be hard to sell Gold quickly, but I'm kinda surprised by how many places you can actually sell it to. The only difference is how close to spot the different places will offer for your Gold. Generally, the prices are 1-5% below spot, where in some cases you can actually get spot if you for example have an in-demand Gold bar from a brand like Perth Mint with its assay case intact.

Bitcoin can be sold at any moment on an exchange without leaving the house, but you don't have the fiat in your bank account. To do so you have to request a withdrawal of your fiat which could take a couple of days. Selling Gold to one of the many places near you yields direct cash.

[HarmonyA]

As the poll question states, in your opinion, is it a good idea to buy (stack) gold?

Feel free to elaborate your answer.

It is good idea to buy Gold when you what your money not to fall below its current value.
Historically, Gold is a precious stone whose value has been stable in growth without the investors losing out.
So, the idea of buying Gold is an idea of preserving the value of your money for a long period of time while increasing the value.
Even now, cryptocurrency have helped us to have digital gold whose growth is equivalent to real Gold.

[Mometaskers]

Personally I'd rather have more bitcoin than gold simply due to gold not as liquid

You can look into gold derivatives (aka paper gold) if you don't want the usual hassles of holding physical gold

I actually don't own gold currently, just like most people I know. My savings are in crypto and cash mostly.

I heard about derivatives but they seem to be not common in my country, I can't even find enough information online. I like the idea of holding physical gold but I think they're much trouble storing and guarding. It'll probably be the last type of asset I'll acquire

Holding a few gold coins is probably not that bad an idea on its own

But it makes sense only if you intend to keep them for life as a means of last resort only, and then pass the coins to the next generation provided you really are into this thing and don't have to sell these coins in case of an extreme necessity. Paper gold typically refers to gold mutual funds, futures and options as well as investment instruments like unallocated metal accounts that many banks offer their clients

Yes maybe just a few coins but that's still way far in my future. So far the only one I've tested in the bank is uitf and I don't think that it's that great. I could have just went loanshark and lent that money. 

I still like the idea of having a small stash so it's probably something I'd work towards when I get more stable.

[ultrloa]

I still keep some money for myself to use for the necessities. I don't invest 100% of all my money in BTC and Altcoin because if I invest all my money in cryptocurrencies it will be difficult to sell them when I have a problem to solve. Prices may drop and I would lose money if I sold them at that time. Keeping some gold or cash for yourself is a good idea

Yeah this is really good not invest all your money into bitcoin. If you will invest all into crypto you will put some in risk if you want to earn from crypto you will have to gain knowledge about it. As the more you will invest in bitcoin it will make your future safe and you will be able to get security against your rainy days of future.

For the current condition of bitcoins provably we can say that it's really not good to invest all our money for it but if you aim to get a good result in future for sure bitcoin is one reliable option for this since we all know that bitcoins give huge % of gains for it's investors for the past years and you will be lucky if we will experience the great pump times again, and remember many people became millionaire because of bitcoins that's why it's still worth it to go with it. But if you are not a risk taker then it's better to go with the gold although the percentage of profit is not as fast with bitcoin but still it's reliable for passive investment.

[veleten]

one more inconvenience in holding gold , it is harder to sell it fast at a a good price if you need money immediately
bitcoin could be volatile as hell , but at least I can sell it any time of a day in a matter of seconds without leaving the comfort of my home

I too initially thought it would be hard to sell Gold quickly, but I'm kinda surprised by how many places you can actually sell it to. The only difference is how close to spot the different places will offer for your Gold. Generally, the prices are 1-5% below spot, where in some cases you can actually get spot if you for example have an in-demand Gold bar from a brand like Perth Mint with its assay case intact.

Bitcoin can be sold at any moment on an exchange without leaving the house, but you don't have the fiat in your bank account. To do so you have to request a withdrawal of your fiat which could take a couple of days. Selling Gold to one of the many places near you yields direct cash.

a good point , maybe I should look into gold further
I haven't tried to sell it for quite some time and was convinced it would be a drag
and yeah fiat and banks can be a pain in the neck with the clearance times , unless you are willing to accept low rates and use one of the exchangers
they process it faster and usually the money is on my card in under a day