BTC to GOLD

[btcltcdigger]

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

This is fair.
And it's true, bitcoin's volatility does offer more chance for bigger gains than gold.

Personally, i try to take small portion of everything i earn (job, trading, bounty, etc..) and convert it to gold.
It's piece here and piece there, but after months/years it can accumulate to a considerable amount.

[Shimmiry]

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

It was a good idea if you are trying to convert the price of your bitcoin to gold because the cost of the bitcoin is volatile it changes every time even it becomes stable in two days the price will change soon. The amount of bitcoin today is not profitable. The cost of gold is also reasonable, but this has a fixed rate, and sometimes it increases depends on the rarity of the gold and how many grams it has. If you are trying to plan to buy a bar of gold using your cryptocurrency, it is a good idea and then tries to hold the gold until it becomes profitable too. If we are talking about the long term profit, they are both valuable, because in bitcoin the price goes down and goes up again. Still, it takes a lot of time before you earn a lot on this, in gold is the same but the price of gold is going too expensive every time and depends on the rarity of it.

[barabarian1]

in my opinion saving our wealth in the form of gold is not a bad thing. because the value of gold also continues to increase every year. besides investing in bitcoin I also invest in gold. when I make a profit from bitcoin trading I always take some of that profit to buy gold. I chose gold because gold is always acceptable everywhere and its value also tends to increase. but of course in terms of bitcoin investment benefits can provide more benefits than gold.

[sayaya17]

It actually doesn't hurt to invest in gold but not now to buy it. Because now everyone on crypto is focused on planting his capital in Bitcoin, especially now the price of bitcoin is getting down, maybe many people today buy Bitcoins rather than gold, because after this decline bitcoin will rise, especially there is news will is halving. So I'm also currently in focus in bitcoins. Maybe another time I would think of buying gold.

[verita1]

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?

Thanks for your reply! I really appreciate it! I was creating my first portfolio and the first reference I had was NEXO and Uphold, Of which I decided on NEXO. I have seen that the loan system is based on a series of cryptos that are at the top of the cryptocurrency market, which gave me a lot of interest.

What I saw on the NEXO platform was about PAX Gold, a digital token in the Ethereum blockchain.
https://medium.com/nexo/nexo-now-accepts-tokenized-gold-for-instant-credit-lines-and-will-offer-interest-bearing-accounts-7e29fea3fad

And about Uphold how it works hold real precious metals
https://support.uphold.com/hc/en-us/sections/200666385-Precious-Metals

[BartS]

in my opinion saving our wealth in the form of gold is not a bad thing. because the value of gold also continues to increase every year. besides investing in bitcoin I also invest in gold. when I make a profit from bitcoin trading I always take some of that profit to buy gold. I chose gold because gold is always acceptable everywhere and its value also tends to increase. but of course in terms of bitcoin investment benefits can provide more benefits than gold.

It really depends on what are your goals, bitcoin is many times more volatile than gold and depending on the level of your wealth this can be good or bad, if you already have a lot of money and the only purpose of your investment is to try to keep most of it and if possible to earn some profits then gold is by far the best choice.

But if you are like most of us and you are not satisfied with your level of wealth and your main purpose for investing in anything is to obtain as many profits as possible then it doesn't seem to be a good idea to convert your bitcoin to gold when you can obtain more profits with bitcoin.

[barabarian1]

in my opinion saving our wealth in the form of gold is not a bad thing. because the value of gold also continues to increase every year. besides investing in bitcoin I also invest in gold. when I make a profit from bitcoin trading I always take some of that profit to buy gold. I chose gold because gold is always acceptable everywhere and its value also tends to increase. but of course in terms of bitcoin investment benefits can provide more benefits than gold.

It really depends on what are your goals, bitcoin is many times more volatile than gold and depending on the level of your wealth this can be good or bad, if you already have a lot of money and the only purpose of your investment is to try to keep most of it and if possible to earn some profits then gold is by far the best choice.

But if you are like most of us and you are not satisfied with your level of wealth and your main purpose for investing in anything is to obtain as many profits as possible then it doesn't seem to be a good idea to convert your bitcoin to gold when you can obtain more profits with bitcoin.

I have never changed my bitcoin to gold. I wrote earlier that when I profit from bitcoin trading I will use part of the profits to buy gold. because I am afraid in the future if something bad happens, for example when the world experiences a major disaster and the internet network dies, I will not be able to access my bitcoin. then I can still count on my gold. gold can be a store of good and reliable value when something bad happens.

[Kimonoe]

It actually doesn't hurt to invest in gold but not now to buy it. Because now everyone on crypto is focused on planting his capital in Bitcoin, especially now the price of bitcoin is getting down, maybe many people today buy Bitcoins rather than gold, because after this decline bitcoin will rise, especially there is news will is halving. So I'm also currently in focus in bitcoins. Maybe another time I would think of buying gold.

I think investing in both of them will be better, both of them have different levels of risk, so they can share the risk we bear. we know bitcoin is very volatile, so there needs to be a counterweight so that psychology is not eroded. I like both of them with the same share of capital

[adzino]

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 

Don't be expecting the price to rise during halving. There is a pretty much good chance that the price won't even be impacted at all. The price halving is only going to affect in the long run. Short run affect is going to be minimal. Everyone knows about this "event" that is going to take place, thus the expected outcome is also bound to change. Look at the prices when halving took place. The prices weren't affected much but we have seen the price dropping instead (2016).

[Brunus]

I don't think we can make a comparison between the two assets. Gold has been used as a guarantee of value for more than five thousand years, bitcoin has only existed for a decade.
And while you can make fantastic gains (and equally fantastic losses ...) nothing guarantees that bitcoin will still exist in a year or two. We'll see.

[elisabetheva]

I don't think we can make a comparison between the two assets. Gold has been used as a guarantee of value for more than five thousand years, bitcoin has only existed for a decade.
And while you can make fantastic gains (and equally fantastic losses ...) nothing guarantees that bitcoin will still exist in a year or two. We'll see.

It is clearly true that to compare between gold and bitcoin is obviously different, the old problem is that gold has long been used as an investment tool and now with the development of growing technology bitcoin which is also an investment tool. but both are very clear when used as very different investments and also different risks. for a little risk, obviously it's nice to invest in gold, but if you want to find more profit, bitcoin is the alternative, but to remember that bitcoin can be a big profit and can be a big loss if we don't analyze it properly and seem rushed.

[Karmakid]

I don't think we can make a comparison between the two assets. Gold has been used as a guarantee of value for more than five thousand years, bitcoin has only existed for a decade.
And while you can make fantastic gains (and equally fantastic losses ...) nothing guarantees that bitcoin will still exist in a year or two. We'll see.

When it comes to wealth creation, you need to seize every opportunity that you will be seeing in the market whether it is an old asset or a new one. Both of those two doesn't guarantee a return when it comes to holding them because anything can happen in the market and it could go up or go down hard. It is all about analyzing the market on which market offers the best opportunity and grab that one and try to understand its behavior so you can tame it.

[deisik]

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 

Don't be expecting the price to rise during halving. There is a pretty much good chance that the price won't even be impacted at all. The price halving is only going to affect in the long run. Short run affect is going to be minimal. Everyone knows about this "event" that is going to take place, thus the expected outcome is also bound to change. Look at the prices when halving took place. The prices weren't affected much but we have seen the price dropping instead (2016)

Just before the 2016 halving the price crashed because people had been booking profits. But let's not forget the fact that prior to the crash Bitcoin had been rising for over half a year (since autumn 2015, to be exact). However, I agree with you, to a degree, that with each halving the law of diminishing returns starts to reveal itself stronger and stronger, so we shouldn't in fact expect the effect of the next halving to be mind-boggling

If the price is going to hit the new highs, it won't be because of the halving alone

[Kambal2000]

I don't think we can make a comparison between the two assets. Gold has been used as a guarantee of value for more than five thousand years, bitcoin has only existed for a decade.
And while you can make fantastic gains (and equally fantastic losses ...) nothing guarantees that bitcoin will still exist in a year or two. We'll see.

When it comes to wealth creation, you need to seize every opportunity that you will be seeing in the market whether it is an old asset or a new one. Both of those two doesn't guarantee a return when it comes to holding them because anything can happen in the market and it could go up or go down hard. It is all about analyzing the market on which market offers the best opportunity and grab that one and try to understand its behavior so you can tame it.

That's right, we need to find all the opportunities that can make us rich, yes, Bitcoin and Gold really differs to each other, but if they both can give you a investment or income in the future then why not do both, it will be more profitable having different kinds of income that our future will be thank of in the future.

[irsykes]

I don't think we can make a comparison between the two assets. Gold has been used as a guarantee of value for more than five thousand years, bitcoin has only existed for a decade.
And while you can make fantastic gains (and equally fantastic losses ...) nothing guarantees that bitcoin will still exist in a year or two. We'll see.

When it comes to wealth creation, you need to seize every opportunity that you will be seeing in the market whether it is an old asset or a new one. Both of those two doesn't guarantee a return when it comes to holding them because anything can happen in the market and it could go up or go down hard. It is all about analyzing the market on which market offers the best opportunity and grab that one and try to understand its behavior so you can tame it.

That's right, we need to find all the opportunities that can make us rich, yes, Bitcoin and Gold really differs to each other, but if they both can give you a investment or income in the future then why not do both, it will be more profitable having different kinds of income that our future will be thank of in the future.

Although i am only hold bitcoin, but i am agree if for something that profitable we can split our investment. Gold is not a bad investment, although it grow slower than bitcoin but it can keep increased in future. Maybe make investment in gold to back up bitcoin investment will be good because i think more volatile in bitcoin will make the risk bigger.

[marcous]

of course, gold is also very valuable later, so there is no harm in buying gold  ... but keep in mind that gold will be worth it if we really save it in the long term. because the price increase every year is not too significant I guess. is different from Bitcoin which is volatile.

[aamirsuh]

It makes sense to buy gold. However, converting bitcoins to gold may not make sense. If you ask me why? Because Bitcoin can always rise to very high prices, gold cannot do so. But it is logical to get some gold with a bitcoi. Splitting the portfolio means good planning.

[kotik085]

Yes, I think investing bitcoin in gold is a very promising idea. From this you can get a huge profit.

[Lottoshi]

I wonder why this post is so popular, the conversation between gold and BTC has been around for a while, why does this continue to interest people?

[wheelz1200]

I think everyone looking to really build a portfolio and all you are sitting with is gold then yeah I would definately convert some to gold.  Even if bitcoin outperforms gold that is fine.  It's always good to diversify so that you limit your downside risk in your overall financial portfolio