Is digital gold good?

[izsara]

As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you

[hongchao123]

If you mean by digital gold "btc" you should know that this is very risky and 40% is too much.
If you are talking about gold based tokens or other things like it you should know that you did not actually recieve gold. This may be a problem for you but this can be traded much easier than real gold

[charlesmichel1]

What did you call "digital gold"? This term is usually means Bitcoin.
So this is one of my favorite articles about it:
https://www.buybitcoinworldwide.com/kb/investing-in-bitcoin/

[semobo]

As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you

You are preferring a token? I won't say this is good idea,if you want to invest on gold then invest on real gold.

If you are saying bitcoin as digital gold then you might taken the right decision but make sure you know all the risks involved while investing on highly volatile asset like bitcoin.

[izsara]

I am interested in this GOLD token https://coinmarketcap.com/currencies/digital-gold/

[ven7net]

As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you

As far as I understand, this is about Bitcoin. Of course, I do not know what your long-term investments are, but if we assume that the market is now at the beginning of a new stage of growth, and the world is likely to experience an economic crisis, then investing in BTC for 1 to 2 years may be the right decision. However, one must understand that no one has canceled the risk and everything can go according to a completely different scenario.

[Moeda]

As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you

40% of your total investment, I say it is not much, because I do not know how much your total investment is, and shared 40% for digital gold investment.
Maybe when we invest in digital, it's full of doubt. But based on the history of crypto there will be huge benefits behind the doubts we experience. Bitcoin history proves that there is a time for recovery after the downturn. So I think you should invest, but if you are in doubt and afraid of loss, then avoid it.

[Coin_trader]

As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you

You are preferring a token? I won't say this is good idea,if you want to invest on gold then invest on real gold.

If you are saying bitcoin as digital gold then you might taken the right decision but make sure you know all the risks involved while investing on highly volatile asset like bitcoin.

He literally mean "Digital Gold". Digital means tokenized Gold so the one he is looking for are cryptocurrency that backed by real gold although many startup company attempt to do this kind of project. Only few of them become successful (my definition of successful was they continue the project despite of many investor dump the token).

Moving forward to the discussion, there some promising project that offers a stable coin that backed by gold. Meaning the price of token is pegged to the current market value of gold. You can check it out here: https://bitcointalk.org/index.php?topic=5161544.0;topicseen

Disclaimer: I'm not part of the team and my opinion is not a financial advice. So invest with extreme caution. Good luck!

[Ridwan Fauzi]

Do you mean this coin https://gold.storage/en/home?

Have been a few months that project held bounty campain and paid participant with the large amount per months.

Seem like if you choose that project you will be safe at least for your money. Because many platform over there who hasn't been trusted.

Maybe you have to make your own research, don't depend other people suggestion because it very risky. And that is the first step before you make any decision.

[forexandcryptoauditor]

I think its good but the percentage of the amount you are trying to invest is not good. Every digital asset has its own risks. You should better diversify your 40% of investment into different assets to minimize the risk.

[Bitcoinislife09]

Gold and bitcoin is I think the best investment for your money since overtime this is going to be a big profit. This both could increase its market price because of the supply and demand "Gold" is a mineral that only have limited supply and overtime is it going to increases its market price as the supply go down and demand of the people is going to market the market price of gold to increases in the market same as bitcoin as the bitcoin increases its demand and decreases its supply in the market for sure this is going to increases its market price overtime.

For me both of this gold and bitcoin are just the best investment that you could make either way aside from this what you could surely do is a business or a passive income as a investment for sure this is the best way comparing it to gold and bitcoin.

[CjMapope]

As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you

Man i wouldn't trust these "digital gold" tokens, theres been too many scams, it goes to show its a very complicated idea
Sadly they are basically all junk, even the "legit" ones, they are not profitable for investors
Think of them more as a way to digitally collect gold that you would have been collecting physically anyways

[romero121]

As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you

Considering the growth of digital gold along with that of bitcoin and other cryptocurrencies right now it is good to go with cryptocurrency investment. Maybe it have high risk than that of the investment on digital gold, but the reward out of the cryptocurrency investment will be very big. Once the value of bitcoin and gold were almost same, now the difference between gold and bitcoin is very big.

[Denongels]

Digital gold is actually good, but now there are too many problems because some of providers of digital gold investment do not back up with real gold and this has become a polemic in various countries. Before investing in digital gold, you should do research on this to avoid bad things.

[Ucy]

Having the physical gold is better in my opinion... else we run the risk of having "gold Central Banks" printing out of thin air, billions of dollars worth of "digital gold" that has no intrisic value, thereby repeating the fiat mistakes with gold. There should be fool-proof ways of verifying that  what is printed actually represents what's in reserve.
There are few other disadvantages of having only "digital gold".

[OasisDre]

Having a coin that's backed by real gold is an excellent idea over all, I wish I can see a project that delivers such but all digital coins backed by real Gold are fakes, They claimed they are backed by real Gold but they keep losing value, if this is true such coins should be on top 20 at least but not a single one come this far

[Snail2]

Tether Gold (XAUT) is already traded on Bitfinex.

[Febo]

As I am increasingly interested in investing some of my money in digital gold for the long term and I will invest around 40% whether this is good.?
give your opinion.
And I want to know a few articles about digital gold may be shared here.
thank you

Why you dont buy normal Gold?  I wonder what is your reason to rather took a token that represent gold from buying a real gold like anyone else. Thx for your answer in advance.

[lousie9]

btw,What kind of digital gold do you mean? whether like BitcoinGold, GoldenToken, GOLD, PaxGold etc. or maybe you mean BTC? because I think everyone will say the same that (digital gold) you mean is BTC. for me personally, I would not hesitate to invest in BTC, because we know that BTC is a profitable investment.

[Muhammad Muneeb]

I am interested in this GOLD token https://coinmarketcap.com/currencies/digital-gold/

you should have made it clear that it is the token you have been promoting. i will say it will not do any good to you try to stick to the btc till the block halving you may get more return than this coin