btcltcdigger (OP)
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December 12, 2019, 12:34:00 PM |
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
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monineklutak
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December 12, 2019, 12:45:14 PM |
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
what's wrong with gold? is there any news about gold will experience a drastic increase ?, whereas Bitcoin 2020 will do the halving, is it worth selling and replacing it with gold? I don't think it's not time yet, sir
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V1saya
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December 12, 2019, 12:52:02 PM |
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I am really the kind of person that likes diversifying my investments. I invested into real estate, bitcoin and altcoins, stock market and foreign currencies. I am do not have gold but I am not saying no to it. Maybe in the coming months I can buy some. Bitcoin on the other hand is more promising than gold due to halving. And I can feel that there are more positivism on bitcoin. 2020 feels like a good year for bitcoin. So for now, no selling of bitcoins for gold.
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Assface16678
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December 12, 2019, 01:27:13 PM |
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I am really the kind of person that likes diversifying my investments. I invested into real estate, bitcoin and altcoins, stock market and foreign currencies. I am do not have gold but I am not saying no to it. Maybe in the coming months I can buy some. Bitcoin on the other hand is more promising than gold due to halving. And I can feel that there are more positivism on bitcoin. 2020 feels like a good year for bitcoin. So for now, no selling of bitcoins for gold.
It think it is better to trade into a gold because gold has a value not never been change all the time than using the bitcoin if you are looking today at the price of the bitcoin it is low and not profitable than way back 2017 this is the time that the coin is valuable and exceed the amount of the gold, bitcoin has a volatile price it changes every time, and it depends on the whales and like in the market how does the price goes down or up, and this is the downside of the bitcoin, but it has a huge profitable amount if the price is good and reaches over ten thousand dollars, better to invest now to gold if you have an enough bitcoin, gold can give you a lot of money if you trying to sell it because the value of it never goes down instead it goes up when time goes by depends on the rarity.
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NeuroticFish
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December 12, 2019, 01:35:50 PM |
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
The poll is incorrect, the question doesn't have a good overall yes/no answer. In periods like there was 2018, buying gold would have been better. In periods like now buying Bitcoin may be better. And overall, diversifying by buying both could be even better.
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HeRetiK
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December 12, 2019, 02:10:57 PM Last edit: December 12, 2019, 02:27:07 PM by HeRetiK |
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I'd say within limits.
In my opinion both gold and Bitcoin are good hedges against unexpected economic events, but while gold has a significantly longer track record I believe that Bitcoin still has a larger upside potential. Additionally Bitcoin is easier to store and trade and the gold price is not as stable as it's often made out to be.
So in the end I'd mostly treat Bitcoin as a hedge against economic downturns and gold as a failsafe in case Bitcoin is not up for the task.
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Lucius
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December 12, 2019, 02:19:06 PM |
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I see nothing wrong with investing a portion of your assets in gold, so far it has proven to be a very reliable way to store value, much better than fiat. We can say that gold is a much safer investment with a fairly stable price, but also with less opportunity to earn when compared to Bitcoin.
We can see that gold is mainly something that states buy as financial reserves, but also that in some countries gold still has a traditional value, mainly in the form of jewelry, or some items made of gold. Bitcoin is actually the currency of the younger generation, something that attracts people between the ages of 18-40, and the term digital gold is actually something that describes it in some way.
What's better, a 1 BTC or gold in that value? In my opinion, it is much better (though riskier) to have 1 BTC, but it is far safer to have gold if we want stability and slow growth. Perhaps the best solution is to have both, so the risk is reduced and we have insurance in case something goes wrong.
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aioc
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December 12, 2019, 03:17:11 PM |
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
Yes why not, but only a small portion of it, we need diversification, and gold is a good investment to divert some of our portfolios, maybe 80% to 20% is a good portion, I still have a strong belief in Bitcoin so Bitcoin should comprise a bulk of our portfolio, especially at this time when halving is coming.
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InvoKing
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December 12, 2019, 03:47:25 PM |
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Gold is one of the best way to convert your money in a safe place, however no one can grant you a big earning in long term. Meanwhile with bitcoin you still can experience a good rise in the price in the near future.
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Oilacris
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December 12, 2019, 03:54:14 PM |
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
Why not? If im that financially capable or stabled then i would consider on investing some parts of my money with gold. We know its worth and its possible long term profits that it might give yet this had been here since the beginning of time. You can diversify as you like and i dont know whose gonna just reject gold investment.
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Ucy
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December 12, 2019, 04:25:52 PM |
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Ofcourse. Both have their advantages and disadvantages. Gold can be used without the internet... though it would be a problem to carry around expensive gold especially internationally. Bitcoin won't do very without the internet but it's easy to carry with you no matter the amount.
So, it's better to diversify as much as possible than having everything in one basket. It's better to have alternatives savings just incase the unpleasant happens to others. It's good you said "some" and not all or most.
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batang_bitcoin
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December 12, 2019, 04:26:24 PM |
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Why not? it's a no brainer decision. What asset bitcoin is being compared until to this date? it's with gold and bitcoin is called as the digital gold so you can stack as much as you want. It's a very known investment and powerful countries have invested into that venture. If you have heard about 'gold reserve' you'll get the idea that it's also a good asset. i dont know whose gonna just reject gold investment.
No one and same goes for bitcoin.
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Rent this sig space so that BTC goes to $100k.
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panganib999
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December 12, 2019, 04:32:50 PM |
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Well, I'd suppose if you're actually a safety first person, Invest in gold. At least, when everything goes to hell, there's something you can fall back to. If you have the money, trade both, stack both and hodl both. I doubt anyone would actually refuse any investment when it comes to gold and BTC after all. I'd honestly prefer a 60-40 or 70-30 percent on both of them, with the latter being gold. BTC is still going off and investing bigger to it is a lot better when comparing to gold which has stagnated for quite a while now. Plus, we're in trading to profit, so why wouldn't we take BTC as the larger part of investment when BTC is a huge thing right now?
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onyek16M
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December 12, 2019, 04:33:37 PM |
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
honestly no, convert some of BTC to GOLD is not good idea.. Bitcoin is more promising to hold for long time investment, indeed now bitcoin is look not good but see the history of bitcoin, bitcoin is best investment if you hold for long time you can take more profit than you choose and hold Gold for your investment because gold has a little rise in each years.
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The Sceptical Chymist
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December 12, 2019, 04:41:42 PM |
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is there any news about gold will experience a drastic increase ?
Hell no there isn't, and even if you read those so-called news articles telling you gold is overdue for a bull market, don't believe them. If you go to coinflation.com you'll see all sorts of articles written by gold bugs and/or sponsored by gold dealers, and they've all said the same thing for years, that gold is the only true money, you need to own it, blah blah blah. I wouldn't trade any bitcoin for gold or silver right now, and probably wouldn't ever. Whether the halving is going to produce another bull run or not, I have a feeling bitcoin is going to increase whereas gold is probably going to tread water indefinitely. We can say that gold is a much safer investment with a fairly stable price, but also with less opportunity to earn when compared to Bitcoin.
Exactly, I couldn't have said it better myself. If you don't want your investment to grow, buy gold. If you want to make a profit given enough time, buy bitcoin.
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Ayiranorea
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December 12, 2019, 04:59:05 PM |
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For people who wants no growth or profit out of the investment can buy gold with the bitcoin. The growth of bitcoin and gold has a big difference. Gold gives a very minimal growth compared to bitcoin that varies with a big margin. Same time here with bitcoin there is big risk of losing the capital while this risk isn't there with gold as there is no big volatility.
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jrrsparkles
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December 12, 2019, 05:28:55 PM |
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
No,for me. Gold has stable price but we can't say its actually giving good returns while stacking so one who has lot of money should go with gold bars but not for the crypto users because they are here for something extra ordinary ROI while holding bitcoin. Although future prediction of gold says,the price will be constant until 2023 so be smart and find something which gives returns than constant value.
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avatar_kiyoshi
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December 12, 2019, 05:29:01 PM |
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I will not convert BTC to Gold right now, especially halving time is comes nearly. I heard Gold price will continue rise at the end of this year until the next Feb, trade war between US vs China is the reason why. But i choose Bitcoin halving of course.
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sovie
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December 12, 2019, 05:35:59 PM |
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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.
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slashz9
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December 12, 2019, 05:40:36 PM |
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of course why should doubt that gold has been around a long time, even though now digital currencies are being developed will not make gold lost or desirable. many say crypto will be the future for currencies and investment vehicles, but I also think gold will still be in demand even though crypto will become bigger.
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