Is digital gold good?

[OrangeII]

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

if it's really a digital gold asset with a clear amount of assets, that's very good, especially if you mix it with bitcoin. however, before making that investment, you need to be sure that it is digital gold that is actually backed up with gold. So far, I don't know of an investment location like that, but it looks like several projects have done that, so you just need to look for information.

[1714777838]

1714777838

[joeperry]

I am not an expert but in my opinion investing in such percentage is a bit risky. Investment should be done with extreme caution and sufficient research. As I have seen on reading materials, Digital Gold has gained popularity and left Bitcoin behind but these two are both digital currency which means that volatility is present. And as I have seen it by the actions of other people, they indulge with new coins every now and then, abandoning the old ones. But what if this also happen to digital gold, that would leave it with low value. Investing with digital gold is not a totally bad idea but you must think thoroughly.

You can try reading these articles,
https://www.investopedia.com/crypto-traders-rushing-to-digital-gold-coins-leave-bitcoin-behind-4777037
https://medium.com/ethx-co/invest-in-digital-gold-coin-1944b846299a

[sana54210]

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

if it's really a digital gold asset with a clear amount of assets, that's very good, especially if you mix it with bitcoin. however, before making that investment, you need to be sure that it is digital gold that is actually backed up with gold. So far, I don't know of an investment location like that, but it looks like several projects have done that, so you just need to look for information.

There already are a number of projects running in the blockchain technology which are now backed by real gold so OP might surely find profits by investing into any such projects. But, the risk might remain constant if OP invest into any recently launched project just in case to have major benefits by being one of the early adopters. The project might even end up being a scam so it is much important to choose the platform first before we even think about investing.

OP would need to spend maximum time in making research about the projects where he could invest in. Recently, I've found greater profits by investing into gold backed, digital gold projects launched on blockchain network.

[hirngespenst]

Are you talking about the digital Gold coin? A crypto coin backed by Gold! Then yes, that coin is exceptional and enough good for investment. I missed the train, it's the price was low but now the price keeps growing over the time! Whatever happens in crypto, pump or dump, GOLD coin price is increasing gradually!

[chanc3r]

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 better not invest, there must be further analysis to prove whether the project is good or not,
even though the team members are clear, but I don't know if they have a real supply of gold

I have talked this to the team and they said if they have reserved gold. I do agree with you if that will need deep research but we must remember as long as it can be proven and that's also a good choice too.
It looks like tether XAU will become a better choice rather than digital gold.

[fullhdpixel]

There are a number of platforms where you could purchase digital gold. There are both centralized as well as decentralized platforms where you could invest into digital gold but I am actually confused. By digital gold do you mean actual gold or bitcoins? Because most of the people compare bitcoins with digital gold which might make it a bit confusing.

Investing into digital gold might be a good option if you want to start trading with the prices for gold. Also you can anytime order real gold by selling those digital gold on a number of platforms so it might serve you as a stable source of income but you might perhaps not gain that good benefits by trading with digital good which you could have by trading with bitcoins. So, you better choose a reliable investment source for yourself.

[travwill]

You did not disclose any details regarding your deposit and how much money you want to invest. Look at the history of any of the top 500 altcoins. Over the past year.
All that you see is -90% of their value at least. Do you really hope that investing half of your total deposit will make you a big profit? Are you not afraid of the risks.

Think carefully before you deposit your money into another shit coin.

[Baoo]

In fact, the only digital coin is absolutely Bitcoin. So don't the risk through investing in some shitty crypto like BTG (Bitcoin gold), For me,  that coin does not have a good potential for exmaple the value of market cap is pretty low ( less than 200 Million dollars ) despite it has a low price ( as I know less then $ 20 ). From my experience, you need save most of your budget ( like, 80% ) through investing in Bitcoin and ETH,  and you can take the risk with the other 20%, I advise you in order to buy Tron, Stellar and Monero.

[Mahanton]

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

Digital gold?

Why not try to elaborate more if you do talk about online purchasing of gold or simply do talks about gold-backed tokens?
if you do talk about projects that do promise out on getting some part of gold when you do make an investment then
better think twice.I have seen a lots of those projects turns out to be a scam in the end without giving something
to their investors.

[pixie85]

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

The potential gain is much highetr than risk. How much can Bitcoin go up? 10 times? 50 times? It all depends on the adoption rate. Some people projected that 1% worldwide adoption would already give us a million dollar for 1 Bitcoin. What is the risk then? That it will dump 20% in a day? Then you will lose just 20% that's not a lot compared to a possible 100% gain before the halving and 500% gain in the next 2 years.

[assa1979]

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

Digital gold?

Why not try to elaborate more if you do talk about online purchasing of gold or simply do talks about gold-backed tokens?
if you do talk about projects that do promise out on getting some part of gold when you do make an investment then
better think twice.I have seen a lots of those projects turns out to be a scam in the end without giving something
to their investors.

Exactly. There are almost no ways of proving your token back gold and vice versa we can't really check it from our user's side.
So you got to research and make own decision whether you like it or not.

[ssamotoev]

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

The potential gain is much highetr than risk. How much can Bitcoin go up? 10 times? 50 times? It all depends on the adoption rate. Some people projected that 1% worldwide adoption would already give us a million dollar for 1 Bitcoin. What is the risk then? That it will dump 20% in a day? Then you will lose just 20% that's not a lot compared to a possible 100% gain before the halving and 500% gain in the next 2 years.

There is no point in "digital gold" in the first place. We have original gold. Period.
But we could've create a new way of keeping our value in safety and spending it.
Bitcoin might be the solution only if it will be highly adopted, can't disagree with pixie85

[maydna]

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.?

You can invest in any percentage of your money, but you need to accept the risk of investing in cryptocurrency. The cryptocurrency has volatility, and that makes the price of all coins will always up and down, and that makes people can panic to see the price moves. But if you can control yourself when you know the market, and you want to use bitcoin as your long term investment, then you don't have to worry or panic because bitcoin won't let you down, and bitcoin will give you the profit.

Before you investing some of your money, you need to learn the basics information about cryptocurrency, learn about why you don't have to panic in investing in bitcoin, and you can solve the problem that might comes after you invested. Using 40% of your money will be useful, but you don't have to use all of the money you have if you still need the money for your daily life.

[ntsdm1]

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

Dude, what do you mean by digital gold?If this is Bitcoin, then you are on the right track.

[cytpoway121]

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 better not invest, there must be further analysis to prove whether the project is good or not,
even though the team members are clear, but I don't know if they have a real supply of gold

Not an investment advice though.

But the digital gold token https://coinmarketcap.com/currencies/digital-gold/ has a total token supply of 9,200 tokens and also they claim to have 9,200 physical gold with Bullion star. If you search through medium or the project website, you will find the gold tracking information there.

Do more research, and make the best investment options personally.

[Teraboy]

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 better not invest, there must be further analysis to prove whether the project is good or not,
even though the team members are clear, but I don't know if they have a real supply of gold

Not an investment advice though.

But the digital gold token https://coinmarketcap.com/currencies/digital-gold/ has a total token supply of 9,200 tokens and also they claim to have 9,200 physical gold with Bullion star. If you search through medium or the project website, you will find the gold tracking information there.

Do more research, and make the best investment options personally.

I have heard about that and it looks like the team can even prove it and this coin is good enough. There was a safe way to play in the token backed gold just like XAUT which was launched by tether.to platform.
OP have some choices to use which coin that makes him interested with it.
Just let him to decide it based on his due diligent.

[Spaffin]

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

Digital gold is better than  real good. Top all coin is good even better than gold. Bitcoin is very known as digital gold. From first 2009 gold price and bitcoin price, now price is increasing more than gold. Ethereum price is increased in one month 100 percent, as your experience you should invest more in digital gold.

In any case, if a person intends to invest in Bitcoin and Ethereum, as in digital gold, then this is really a very good investment, but if it is a cryptocurrency that is supported by gold, then what is the difference between the dollar and this token.  As for me, it is better to use real gold as a storage of funds, and investments should be made in those projects that will bring good profit.  If there are prospects for a company that works with blockchain and uses tokens for their work, then investments in which projects should be considered only from the point of view of the possibility of generating income.

[nicolas1979]

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.?

For me digital gold is same like coins but in different name, in forex world we also know that all product in commodity trade only using contract not physical form. Digital gold is new and invest around 40% is risky because we all know all crypto depend bitcoin movement. If you invest after halving event it will give more clearly prediction should invest or not?. Careful with your money but I think digital gold is worth for investment.

[joseyphil82]

Digital gold is a good idea but we have none in crypto space, I'm still yet to see a real digital cold currency, many claimed its real but its not, if there is a real digital gold coin it should be on top 10 list on Coinmarketcap today, its all make belief

[NeuroticFish]

For me digital gold is same like coins but in different name

Its price fluctuation is supposed to be the gold's fluctuation, unlike free market (as in Bitcoin) or stable against USD (as in USDT and such). That's pretty much the only difference from other coins.