BTC to GOLD

[TheUltraElite]

It is good idea to buy Gold when you what your money not to fall below its current value.

Lets just say that it is good to keep some of your assets in the traditional markets like gold because they will exist in future and have a lot of advantages than keeping the money in banks.

Historically, Gold is a precious stone whose value has been stable in growth without the investors losing out.

Gold is precious "metal" not stone.
Value has changed a lot since its starting of use in barter. It fluctuates everyday and is nowhere near stable. Also it does not mean that keeping money in gold will nullify losses.

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.

Cant make out your words here. Are you using a translator to post? Price of gold will increase in future and that makes it popular, if that is what you meant.

Even now, cryptocurrency have helped us to have digital gold whose growth is equivalent to real Gold.

A wrong statement again. Digital gold is just a nickname that people have given to bitcoin. The real digital gold would a tokenised version of gold backed by real gold. Like a goldETF or what the Xaurum token has done.

[TitanGEL]

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

GOLD is considered as god's money because even in primitive time gold is valuable. Even now gold is becoming more expensive and the demand to it is continuing to grow. There are a lot of differences between bitcoin and gold. The bitcoin investment is more risky and it considered as speculative asset because its price is so volatile. The gold investment is secured investment but the gain that you can earn is low because of being secured where the risks are only low.

[piebeyb]

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

Feel free to elaborate your answer.

not a bad idea to turn bitcoin into gold because I have written this in my notes going forward, to be honest that is my goal maybe when bitcoin reaches the new ATH in 2021, if that happens I will sell some to buy gold to add some of my collection of assets later

[AicecreaME]

This is a terrible idea, with the bitcoin's price we have now converting it to fiat to buy some gold, I don't think so, same like you buy high and sell low, same stuff. It would not be bad if you are going to do this when the market is in bull run, convert some of your bitcoin then buy some gold to have something that is stable and the price is not going to go down drastically like bitcoin and other cryptocurrency.

The problem of having a gold is that it could be stolen easily if you are not good at hiding it in your house, you could put it in the bank but not a really good idea after all, for me.

[imons]

I would exchange my BTC to GOLD only if: 1) Btc is going too low and I have too much value in it
2) I have multiplied my value 3x so I'm afraid to lose it all away (and Btc is too risky to hold in)
And also you should consider fact that GOLD is hitting highest price for the last 5 years at least.

[tambok]

I would exchange my BTC to GOLD only if: 1) Btc is going too low and I have too much value in it
2) I have multiplied my value 3x so I'm afraid to lose it all away (and Btc is too risky to hold in)
And also you should consider fact that GOLD is hitting highest price for the last 5 years at least.

That's what I will do to in case that the Bitcoin will be dump, will convert it to gold too. Anyway, if given the chance let's buy gold too as it is the future assets too that will not fade rather than investing in a car which will depreciate in value, so invest in Bitcoin, gold, real estate and not to the properties that will change in value.

[Visbay]

We cannot agree more that these two are great investments. But if we are going to analyze that the price action of bitcoin we can say that it is maybe being manipulated by people who has a higher financial capacity which makes people go crazy if they see that the bitcoins price is increasing exponentially compared to gold which can lead to a market fraud.

I am not against bitcoin, but this is the only thing I am afraid of..

Gold and bitcoin are both considered as a speculative type of investment and we cannot easily determine what are the factors that drives their volatility. I considered bitcoin as a high risk high reward investment while gold is low risk but also a high reward investment...their only difference how much time you can wait..

Strongly agree with you Gold and bitcoin have the same advantages and disadvantages but investing are not the same we should know the difference as you said we can sell our bitcoin any time it will give us profit but selling gold gives lose I have never won profit from selling my gold jewelry. It's good or we should say it’s best to invest your money in bitcoin only.

[henrybek3]

Does it make sense to buy bitcoins or buy gold? I don't think we have to choose between the two. Because we can invest in both. Gold is a more stable investment tool Bitcoin is a complete thrill storm. Bitcoin may appeal to people. But it makes sense to buy Gold.

[RooseveltOah]

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

Feel free to elaborate your answer.

I do believe it’s a great idea to stack both gold and bitcoin, bitcoin hasn’t proven itself in a recession yet, which is possibly coming, yet gold has for a very long time.

[TheUltraElite]

This is a terrible idea, with the bitcoin's price we have now converting it to fiat to buy some gold, I don't think so, same like you buy high and sell low, same stuff.

It would be better to buy gold with fiat at this price dont you think? Save up bitcoin, dont spend it now that the price is low. Its the time to buy bitcoin as well.

It would not be bad if you are going to do this when the market is in bull run, convert some of your bitcoin then buy some gold to have something that is stable and the price is not going to go down drastically like bitcoin and other cryptocurrency.

Hedging the bitcoin for gold? I would suggest that but not 100% conversion though. You would want to keep some bitcoin in hand and convert the rest to gold for future. Other precious metals are also good to look into if you have time.

The problem of having a gold is that it could be stolen easily if you are not good at hiding it in your house, you could put it in the bank but not a really good idea after all, for me.

You could get a vault at your bank. I know its one of the downsides of a physical asset being of value, but it is important to keep gold because it is the thing that you would give to your next generation for inheritance apart from fiat money and if it permits, bitcoin.

[sana54210]

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

Feel free to elaborate your answer.

Bitcoin is good and Gold is good, but the interest you will earn from Bitcoin is more than what you will make in Gold. If you invested in Bitcoin last decade, by now you have made a lot of money, but if it's gold you wouldn't have made that much because the percentage is less compared to BTC. Only from 2016 to 2017 would have been a good investment.

There's still nothing wrong with gold, you can invest in it. Gold is a good investment and has been a store of value for a lot of people. The price is stable and unlike Bitcoin, it is not highly volatile. You can invest in it and still have peace of mind. Right now the only assets I have are Bitcoin and Lands. I have once invested in gold, in 2016, and I sold it around November of that year for closely the same amount I bought at.

[meliodas]

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

Feel free to elaborate your answer.

Bitcoin is good and Gold is good, but the interest you will earn from Bitcoin is more than what you will make in Gold. If you invested in Bitcoin last decade, by now you have made a lot of money, but if it's gold you wouldn't have made that much because the percentage is less compared to BTC. Only from 2016 to 2017 would have been a good investment.

There's still nothing wrong with gold, you can invest in it. Gold is a good investment and has been a store of value for a lot of people. The price is stable and unlike Bitcoin, it is not highly volatile. You can invest in it and still have peace of mind. Right now the only assets I have are Bitcoin and Lands. I have once invested in gold, in 2016, and I sold it around November of that year for closely the same amount I bought at.

At the end of the day, it is still depend on the investor if he want a fast moving asset or a conservative type of asset that can bring a mediocre return per year. I agree that they are both good investment but in the long term basis, I will still go for bitcoin because of the potential of its market to grow because majority of the people in this world are still skeptical to bitcoin, so there is still a lot of room to fill for bitcoin.

[Webetcoins]

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

GOLD is considered as god's money because even in primitive time gold is valuable. Even now gold is becoming more expensive and the demand to it is continuing to grow. There are a lot of differences between bitcoin and gold. The bitcoin investment is more risky and it considered as speculative asset because its price is so volatile. The gold investment is secured investment but the gain that you can earn is low because of being secured where the risks are only low.

Gold was used in ancient times because they were not having all those facilities that we have these days or else plastic money would have been popular back then. This is totally ridiculous to compare bitcoin with gold because both are totally different in nature. Gold is no more used as investment. It is refrained to jewelry but bitcoin is latest currency and is highly used for transactions. Bitcoin has higher profit rate.

[Karmakid]

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

GOLD is considered as god's money because even in primitive time gold is valuable. Even now gold is becoming more expensive and the demand to it is continuing to grow. There are a lot of differences between bitcoin and gold. The bitcoin investment is more risky and it considered as speculative asset because its price is so volatile. The gold investment is secured investment but the gain that you can earn is low because of being secured where the risks are only low.

Gold was used in ancient times because they were not having all those facilities that we have these days or else plastic money would have been popular back then. This is totally ridiculous to compare bitcoin with gold because both are totally different in nature. Gold is no more used as investment. It is refrained to jewelry but bitcoin is latest currency and is highly used for transactions. Bitcoin has higher profit rate.

Gold as a limited supply and it is not that easy to acquire pure gold. With that being said, gold is still investment because it has a price and demand in the market and you can see at the chart of gold that it has an inclining price and if you buy gold and hold it for a few years then you will probably get some return. Additional, gold outperformed most of the commodities in the stock market.

[Rengga Jati]

I think it is no problem if you have an idea to convert some BTC to Gold. It means you want to divesify your assets, and make sure not to expect everything in a single investment only. It is normal and it is your own assets, so everything depends on you. But I must critize for people that stated Bitcoin investment has no good future. They are not sure about it but why they are here! lol

[Pearls Before Swine]

Ack, the gold issue yet again.

I wouldn't sell my beautiful bitcoin to buy gold, not even now when bitcoin is getting slaughtered by the market.  Now is the best time to be buying bitcoin, not gold.  I could see it if I wanted a nice gold chain or something of the like, but not as an investment. 

Every time I see bitcoin dropping in price, I see more profit potential and don't get discouraged even if I *do* get a little disappointed.  You gotta be willing to buy something when its low.  Bitcoin's pretty low, whereas gold is not.  That might be a matter of opinion, but I do think gold is overvalued when it's around $1500.

[verita1]

The GOLD can be part of any portfolio. In fact, I have seen that it has been incorporated into some wallets such as NEXO and Uphold. At a time when the price of Bitcoin falls there are several reactions that lead to finding some way to protect money. Whether acquiring Stablecoins, Altcoins, investing in GOLD everything that allows diversifying the portfolio. "The GOLD is money" I can definitely be sure that it is a great alternative to keep the secure money but as we well know Bitcoin falls and when it goes up. It seems we forgot when we lost because of the low price.

[TheUltraElite]

The GOLD can be part of any portfolio.

It can be and it is in majority of the pre-minnenial era.

In fact, I have seen that it has been incorporated into some wallets such as NEXO and Uphold.

Thats interesting. Are they allowing users to take loans using gold as collateral?

At a time when the price of Bitcoin falls there are several reactions that lead to finding some way to protect money. Whether acquiring Stablecoins, Altcoins, investing in GOLD everything that allows diversifying the portfolio.

Too much diversification is again discouraged. We can classify these assets as crypto and non-crypto. The stablecoins come under crypto and thus increase the crypto part of the portfolio. I would not recommend that. Keeping the crypto portfolio to the only few coins that are worthy for long term should be the holders goal.

"The GOLD is money" I can definitely be sure that it is a great alternative to keep the secure money but as we well know Bitcoin falls and when it goes up. It seems we forgot when we lost because of the low price.

Gold is even more volatile. But do people care? No. Because of the long term value of gold and its acceptance anywhere in the world.

[Teraboy]

Does it make sense to buy bitcoins or buy gold? I don't think we have to choose between the two. Because we can invest in both. Gold is a more stable investment tool Bitcoin is a complete thrill storm. Bitcoin may appeal to people. But it makes sense to buy Gold.

Yes it does and why bitcoin. Gold is not so stable as you said and bitcoin is also making sense too. When it comes to the investment and there will be the two choices for that and for the first:
1. It will come to the stable invesment that you will not expect a high volatility to increase your investment or holding
2. the high volatility investment just like bitcoin that can bring you capital benefit when it was increasing on its price.

Both make sense to be bough by anyone but the person who wanna buy them must know what's the purpose of buy bitcoin or gold.

[bering]

I don't have gold and only having bitcoin currently although bitcoin lately facing worst situations because the price seems fall for each day but i don't have any plan to buy gold using my bitcoin and it because i still have faith to bitcoin that in the future bitcoin will give me more benefit than other investment tools so for time being i do not want to convert my bitcoin to gold