"Looks as if #Bitcoin is eating #Gold". Good idea to buy some Gold now?

[LeGaulois]

Comparing Bitcoin and Gold yeah, the gold's price dropped a bit since the last months but for the long term gold is still performing nicely.
I bought gold and silver some days ago (and physical, not paper gold haha). I should have waited a bit since I paid it with bitcoins and the price seems to be going up (I don't look at the price of bitcoin every day).
I'll probably buy some more in the next month to decrease a bit the purchase cost.

It wasn't really to make a profit, I mean I'm fine if I don't make any because it's not what I was looking for. Rather for diversity and the safe haven benefit. I plan to keep it for about 5-10 years.
I'm not in my twenties so I can't have the same portfolio and take the same risks. If I was looking for an asset with a performance I would have taken something else.
This is what I mean


source

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[Nunoluck]

It is a good time to buy gold, the price is tend to rise. But I want to wait until gold price reach the lowest level. Storing gold is not as easy as storing bitcoin so my first priority is still bitcoin. I don't want to miss this good market condition. I am not sure that gold investors sell their gold to buy bitcoin because it so unbelievable. Maybe gold investment is too safe for them so they want to get involved in bitcoin investment that the risk is very big.

[Oshosondy]

I am not sure that gold investors sell their gold to buy bitcoin because it so unbelievable. Maybe gold investment is too safe for them so they want to get involved in bitcoin investment that the risk is very big.

Gold with over 10 trillion marketcap while bitcoin with $900 billion marketcap, I do not think it is the appropriate time to say bitcoin is eating up gold because gold is still far stronger than bitcoin. About bitcoin being risky, you should know that in some centuries ago, gold was also volatile, while the price was not strong unlike now, the investors especially the institutions have seen value in bitcoin, that it will be the future asset that may surpass gold, which means bitcoin is still at its early stage, while taking the opportunity now to secure the future as the marketcap and price of bitcoin will be increasing. As the marketcap will be increasing, bitcoin will be more safe and strong, but as you say bitcoin is not as safe as gold, I believe the volatility will make you make such statements, only those that are not passionate about bitcoin can lose because they sell their bitcoin when the marketcap is reducing, while the marketcap still later increase beyond what is expected.

[stompix]

Gold with over 10 trillion marketcap while bitcoin with $900 billion marketcap, I do not think it is the appropriate time to say bitcoin is eating up gold because gold is still far stronger than bitcoin.As the marketcap will be increasing, bitcoin will be more safe and strong,

Why would care about this so-called "market cap" when analyzing the two, does that mean that you only invest in the top 10 largest companies listed on the stock market and the rest are garbage? As for the safer part, wasn't bitcoin safe five years ago or two years ago at 300$ and 6000$?

I don't understand this fixation people have with comparing bitcoin and gold, one was around for thousands of years, you can't expect its value to shoot up by 100x and if that would happen we would be probably in a mess no gold or silver or crypto would be able to pull us out of it. Bitcoin it's at the beginning of its life, it's normal for it to grow x10 x5 but at one point it will find its level and from there on you can compare the evolution of the two and how they perform during different world events.

Has bitcoin clearly outperformed any gold investment over a longer period, yes undoubtedly, but will it prove to be a store of value as safe as gold once it matures? Time will tell and probably too few of us will be around to say it for sure it had so.

[bitbollo]

gold isn't easy to store/ trade / buy or sell. I am not sure it's easy as investment and there is not only a transaction fee but also a shipment fee or a custodial fee. I will continue to invest in bitcoin since it's more easy to trade (and manage).
Probably thanks to early appearance on the market, more surprises will come on the next years, and we have just seen a small part of this technology.

[oHnK]

gold isn't easy to store/ trade / buy or sell. I am not sure it's easy as investment and there is not only a transaction fee but also a shipment fee or a custodial fee. I will continue to invest in bitcoin since it's more easy to trade (and manage).
Probably thanks to early appearance on the market, more surprises will come on the next years, and we have just seen a small part of this technology.

This convenience is what makes people prefer Bitcoin and think of it as the digital version of Gold.  But anything that is too liquid is very risky.  At any time, the gains and losses can be dramatic.  I am grateful that I got the opportunity to get to know Crypto and this is the real proof.  Already many people are rich because of this.

[whyrqa]

gold isn't easy to store/ trade / buy or sell. I am not sure it's easy as investment and there is not only a transaction fee but also a shipment fee or a custodial fee. I will continue to invest in bitcoin since it's more easy to trade (and manage).
Probably thanks to early appearance on the market, more surprises will come on the next years, and we have just seen a small part of this technology.

This convenience is what makes people prefer Bitcoin and think of it as the digital version of Gold.  But anything that is too liquid is very risky.  At any time, the gains and losses can be dramatic.  I am grateful that I got the opportunity to get to know Crypto and this is the real proof.  Already many people are rich because of this.

Indeed, there are enough inconveniences associated with the gold metal, which your interlocutor speaks about above, but nevertheless, the owner of the gold metal feels much calmer than the owner of bitcoin, especially if he does not have sufficient capabilities or knowledge to safely store his asset.

[darewaller]

Personally, I would. It doesn't hurt to trim down a bit on Bitcoin's profit and diversify it to precious metals. While there are speculations of space mining and all, I guess it won't happen anytime soon. And gold would definitely stay precious for the next several decades. For me, it is still a wise decision to buy gold, silver, platinum, and so on during their respective dips. In fact, precious stones could also be added to your portfolio if you have a vast amount of wealth. Having several baskets is always better than having only one.

Due respect to your vision and to an extent even I agree that gold will remain precious for years and decades. But the thing with gold is that you are paying charges when you buy gold and when you sell gold you again have to pay some fees as the gold degrades a bit and you don't get 100% value of your gold.

With bitcoins there is a volatility issue but I rather consider it as an opportunity and the best part with bitcoins is that you don't have to be worried about theft and robbery but with gold you always have to keep these things in mind.

Having several fruits in the basket is absolutely important but you need to also keep in mind that if something is not moving with the pace of how market is moving then you have to switch.

Again, everyone have their own view and diverse actions is what makes the market worth it.

[philipma1957]

I saw this interesting tweet today.


source: https://twitter.com/Schuldensuehner/status/1361944837742874631

As we can see, GOLD price is dropping the last 6 months (-10%), while Bitcoin is doing really well (-317%).
Some of the gold market cap might be moving to BTC.



Would it be an interesting idea to take some profits from BTC recent gains and buy some gold? Gold is the oldest asset I know of, and it will certainly hold value over the next years to come.

I am still accumulating BTC, but to accumulate some Gold is always a good idea.

No it is not.  The down side of gold is  11 trill cap drops to under 1/2 or 5.5 trillion cap

the upside is small.

If asteroid  mining becomes real gold will tank as a wealth storage.

Has it occurred to you that Musk is pioneering space to mine gold on those asteroids and is buying btc on the real cheap?

If so gold will drop a lot.

Historically, we rarely get more than 6 month of highs, so don't expect to see a dollar soon.
We may reach 60K by April or May as a maximum, but I would not be surprised if we settled for a longer time.
If what happened in 2017 were to repeat, we would witness torpor for some time and then crazy spikes.

Healthy growth requires a constant increase, slow correction like this, not crazy speculation.

But if gold is going to be bigly mined on asteroids it will devalue like mad.

gold is 11 trillion
btc is 1 trillion.

maybe in ten years

gold is 5 trillion
btc is 10 trillion

maybe people in the know see the writing on the wall for gold as king of wealth storage
Thus the real reason for btc growth is transfer of gold to btc.

If so BTC has a huge upside.

This is not a bull run. Like any other one for btc.

WE never had every day of the year beat any and all ATH for any other time in BTC other than 2009.

Look at this below

https://bitcointalk.org/index.php?topic=138109.msg56368498#msg56368498

 BitStamp USD/BTC           CoinFloor GBP/BTC           Kraken EUR/BTC              Kraken CAD/BTC             CoinCheck JPY/BTC
 ------------------------    -----------------------    -----------------------    -----------------------    --------------------------
   1  2021-02-16  48,997  |   1  2021-02-14  35,325  |   1  2021-02-16  40,445  |   1  2021-02-14  62,046  |   1  2021-02-16  5,162,652
   2  2021-02-14  48,746  |   2  2021-02-16  35,036  |   2  2021-02-14  40,324  |   2  2021-02-16  61,955  |   2  2021-02-14  5,102,687
   3  2021-02-12  47,548  |   3  2021-02-12  34,454  |   3  2021-02-15  39,350  |   3  2021-02-12  60,686  |   3  2021-02-15  5,007,391
   4  2021-02-15  47,515  |   4  2021-02-15  34,390  |   4  2021-02-12  39,318  |   4  2021-02-15  60,532  |   4  2021-02-12  4,993,437
   5  2021-02-13  47,122  |   5  2021-02-13  34,184  |   5  2021-02-13  39,068  |   5  2021-02-13  60,301  |   5  2021-02-13  4,974,107
   6  2021-02-11  46,872  |   6  2021-02-11  34,035  |   6  2021-02-11  38,664  |   6  2021-02-11  59,824  |   6  2021-02-09  4,889,502
   7  2021-02-09  46,705  |   7  2021-02-09  33,771  |   7  2021-02-09  38,627  |   7  2021-02-09  59,095  |   7  2021-02-11  4,879,658
   8  2021-02-10  45,554  |   8  2021-02-10  32,882  |   8  2021-02-10  37,629  |   8  2021-02-10  57,583  |   8  2021-02-10  4,789,692
   9  2021-02-08  43,069  |   9  2021-02-08  31,367  |   9  2021-02-08  35,596  |   9  2021-02-08  54,955  |   9  2021-02-08  4,442,800
  10  2021-01-09  40,348  |  10  2021-01-09  29,772  |  10  2021-02-06  33,057  |  10  2021-01-09  50,984  |  10  2021-01-09  4,189,918
  11  2021-01-08  39,991  |  11  2021-01-08  29,727  |  11  2021-01-09  32,844  |  11  2021-02-06  50,653  |  11  2021-02-06  4,171,680
  12  2021-02-06  39,835  |  12  2021-02-06  29,056  |  12  2021-01-08  32,672  |  12  2021-01-08  49,929  |  12  2021-01-08  4,123,916
  13  2021-01-14  38,606  |  13  2021-01-14  28,497  |  13  2021-02-07  32,094  |  13  2021-01-14  49,229  |  13  2021-02-07  4,075,827
  14  2021-02-07  38,571  |  14  2021-01-07  28,351  |  14  2021-01-14  31,840  |  14  2021-02-07  49,117  |  14  2021-01-10  4,071,622
  15  2021-01-10  38,553  |  15  2021-01-10  28,256  |  15  2021-02-05  31,422  |  15  2021-01-10  48,796  |  15  2021-01-14  4,003,206
  16  2021-01-07  38,299  |  16  2021-02-07  28,094  |  16  2021-02-04  31,274  |  16  2021-02-05  48,160  |  16  2021-02-05  3,972,736
  17  2021-02-05  37,729  |  17  2021-02-05  27,589  |  17  2021-01-07  30,967  |  17  2021-02-04  47,914  |  17  2021-02-04  3,943,049
  18  2021-02-04  37,458  |  18  2021-02-04  27,472  |  18  2021-01-10  30,814  |  18  2021-02-03  46,962  |  18  2021-01-07  3,940,384
  19  2021-01-19  36,921  |  19  2021-01-19  27,115  |  19  2021-01-16  30,544  |  19  2021-01-16  46,912  |  19  2021-01-15  3,854,972
  20  2021-01-15  36,803  |  20  2021-01-16  27,040  |  20  2021-01-19  30,490  |  20  2021-01-15  46,845  |  20  2021-01-19  3,835,782
  21  2021-01-16  36,797  |  21  2021-02-03  26,885  |  21  2021-01-15  30,451  |  21  2021-01-07  46,824  |  21  2021-01-16  3,827,147
  22  2021-02-03  36,640  |  22  2021-01-18  26,816  |  22  2021-02-03  30,404  |  22  2021-01-19  46,766  |  22  2021-02-03  3,816,459
  23  2021-01-18  36,132  |  23  2021-01-15  26,799  |  23  2021-01-18  29,906  |  23  2021-01-18  46,224  |  23  2021-01-18  3,751,618
  24  2021-01-29  35,574  |  24  2021-01-17  26,104  |  24  2021-01-17  29,308  |  24  2021-01-17  45,623  |  24  2021-01-29  3,710,865
  25  2021-01-17  35,389  |  25  2021-01-29  26,094  |  25  2021-01-29  29,288  |  25  2021-01-29  45,428  |  25  2021-01-17  3,677,563
  26  2021-01-06  34,979  |  26  2021-01-13  25,864  |  26  2021-02-02  29,013  |  26  2021-01-13  45,194  |  26  2021-01-20  3,638,207
  27  2021-01-20  34,861  |  27  2021-01-06  25,727  |  27  2021-01-13  28,893  |  27  2021-02-02  44,658  |  27  2021-02-02  3,618,369
  28  2021-02-02  34,861  |  28  2021-01-20  25,549  |  28  2021-01-20  28,855  |  28  2021-01-12  44,340  |  28  2021-01-12  3,610,230
  29  2021-01-12  34,778  |  29  2021-02-02  25,518  |  29  2021-01-12  28,588  |  29  2021-01-20  44,278  |  29  2021-01-13  3,589,117
  30  2021-01-13  34,751  |  30  2021-01-12  25,078  |  30  2021-01-06  28,416  |  30  2021-01-30  43,629  |  30  2021-01-06  3,587,351
  31  2021-01-30  33,988  |  31  2021-01-30  24,738  |  31  2021-01-30  28,051  |  31  2021-02-01  43,109  |  31  2021-01-30  3,551,718
  32  2021-02-01  33,790  |  32  2021-01-03  24,548  |  32  2021-02-01  27,962  |  32  2021-01-31  42,705  |  32  2021-01-11  3,521,604
  33  2021-01-11  33,575  |  33  2021-01-25  24,363  |  33  2021-01-25  27,603  |  33  2021-01-25  42,333  |  33  2021-02-01  3,511,602
  34  2021-01-25  33,485  |  34  2021-01-11  24,327  |  34  2021-01-11  27,453  |  34  2021-01-11  42,223  |  34  2021-01-31  3,493,845
  35  2021-01-03  33,463  |  35  2021-02-01  24,286  |  35  2021-01-31  27,403  |  35  2021-01-06  41,789  |  35  2021-01-25  3,468,615
  36  2021-01-31  33,299  |  36  2021-01-31  24,222  |  36  2021-01-21  26,678  |  36  2021-01-28  41,173  |  36  2021-01-03  3,457,542
  37  2021-01-05  32,341  |  37  2021-01-05  23,716  |  37  2021-01-23  26,582  |  37  2021-01-23  41,137  |  37  2021-01-21  3,363,063
  38  2021-01-23  32,331  |  38  2021-01-28  23,447  |  38  2021-01-03  26,548  |  38  2021-01-26  40,734  |  38  2021-01-23  3,359,913
  39  2021-01-21  32,321  |  39  2021-01-21  23,380  |  39  2021-01-05  26,417  |  39  2021-01-24  40,553  |  39  2021-01-24  3,355,909
  40  2021-01-24  32,091  |  40  2021-01-26  23,362  |  40  2021-01-28  26,354  |  40  2021-01-21  40,384  |  40  2021-01-28  3,325,020
  41  2021-01-26  31,995  |  41  2021-01-23  23,349  |  41  2021-01-24  26,340  |  41  2021-01-05  39,706  |  41  2021-01-26  3,313,775
  42  2021-01-28  31,973  |  42  2021-01-24  23,319  |  42  2021-01-26  26,272  |  42  2021-01-27  39,583  |  42  2021-01-05  3,288,363
  43  2021-01-22  31,363  |  43  2021-01-22  22,953  |  43  2021-01-22  25,923  |  43  2021-01-22  39,391  |  43  2021-01-22  3,240,591
  44  2021-01-02  31,348  |  44  2021-01-02  22,890  |  44  2021-01-27  25,391  |  44  2021-01-03  39,297  |  44  2021-01-04  3,211,787
  45  2021-01-04  31,099  |  45  2021-01-04  22,545  |  45  2021-01-02  25,248  |  45  2021-01-04  38,339  |  45  2021-01-27  3,211,295
  46  2021-01-27  30,809  |  46  2021-01-27  22,351  |  46  2021-01-04  24,961  |  46  2021-01-02  38,298  |  46  2021-01-02  3,190,696
  47  2021-01-01  29,279  |  47  2021-01-01  21,429  |  47  2021-01-01  23,880  |  47  2021-01-01  36,510  |  47  2021-01-01  2,997,708

...

all top 47 days are in this year and no other year for all 5 currencies .

That is an historical set of numbers.

 I only know that you simply can't compare this to any year ever.

Which so far is really really good.

It may be we go beyond 150k and then fall back.  Why not?

150k is 3 x what we are but we are around 1 trillion value.

gold is about  11 trillion value.

Maybe we end the year with:

 btc market cap at 3.5 trillion
 gold market cap at 8.5 trillion

Gold is not scarce

 https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/



So how about the people in the know realize that gold will be easily mined and drop in value a shit ton.  Good old BTC is right there to capture that value.

To think
 that today  all the  gold is worth 11 trillion
and that  all the btc is worth 1 trillion

is going to change quite a bit

In ten years maybe btc is 10 trillion and gold drops to 5 trillion. why the fuck not.

if so BTC will be 500,000 a coin

[Twentyonepaylots]

If you want to diversify your portfolio and try out tangible assets, gold is definitely a valuable asset to add in your folder. Reading Robert Kiyosaki's statements also urges me to invest in silver which at this moment is a sleeper asset, contrary to what most people say or think about it.

It is a good time to buy gold, the price is tend to rise. But I want to wait until gold price reach the lowest level. Storing gold is not as easy as storing bitcoin so my first priority is still bitcoin. I don't want to miss this good market condition. I am not sure that gold investors sell their gold to buy bitcoin because it so unbelievable. Maybe gold investment is too safe for them so they want to get involved in bitcoin investment that the risk is very big.

Gold may not drop in value anytime soon, so I highly suggest you buy now and execute dollar cost averaging instead to ensure you don't get fomoed, otherwise you can bet your bottom dollar you'll be hoping you bought gold today.

[aesma]

If you're bitcoin rich there is nothing wrong with selling a bit of it to buy something less volatile like gold. Or more useful/revenue generating like real estate.

However if you feel you don't have enough BTC, then I wouldn't do it, gold isn't particularly attractive, and institutions buying BTC might indeed lower gold price even more.

[AndySt]

If you're bitcoin rich there is nothing wrong with selling a bit of it to buy something less volatile like gold. Or more useful/revenue generating like real estate.
However if you feel you don't have enough BTC, then I wouldn't do it, gold isn't particularly attractive, and institutions buying BTC might indeed lower gold price even more.

In its current state, gold is a more interesting asset for large financial organizations and entire states, represented by their central banks, than for small investors. And the goals of small and large investors are different. If for large investors the main task is to preserve and only then increase financial resources,then for small investors, the most important task is often to increase. Just for this, bitcoin has been very well suited recently.

[why]

It would be wise to buy some gold. I have invested a lot of money in the Bitcoin market and I will buy gold with whatever profit I can get from it. I have done such work before. Gold is a very ancient asset. Bitcoin prices often go up and down. It can make a lot of money but there are some risks. But the price of gold is almost stable. Like Bitcoin, the price of gold does not rise or fall very fast.

[beerlover]

Hard to find a market for platinum and street value isn't really known in my country but gold and silver are some of the big ones in my country. I think that this is an opportunity to buy gold now that its bull run is over the prices is slumping back, the prices will definitely go up someday and I think that anyone who passes the opportunity to buy one now is a fool.

It is not hard to find considering there are two ways to go for it, one is you do not buy platinum like directly at the streets, you go to exchanges and find an exchange that allows you to own platinum on paper, of course you will not physically own it, you will just have it on some computer screen.

Most nations have that kind of asset exchanges here and there, banks do have that too, just look for places that does it, and when the price increases you can sell it on the same exchange as well.

Secondly you could actually go and buy some, which would be not a smart move if you ask me, there is no need to hold it, none of us actually hold bitcoin in our hands neither, so it is really a bad move but you CAN do it if you want to. However after all that said and done, I do prefer gold as well, gold is something you can use anywhere in the whole world and has a good value and very easy to cash out.

[tygeade]

Investing on Gold is always a good idea and why not you too invest on it? It is mandatory to hold few hundred grams of Gold in or savings all the time for emergency needs when nothing is liquidated as Gold. I guess some of the rich people are moving to BTC from Gold that is why the price is dropping but still gold remains in the top of total marketcap and it deserves it.

Gold remains on the top because it is recognized globally. Imagine if gold was being mined more than iron then it would have absolutely no value so its valuable because the demand is always there because the supply is very limited.

I don't hold much gold but my parents do and I respect their decision because not everyone has the same confidence in Bitcoins or crypto currencies as I have or anyone here in the forum has. I don't want to force my decision onto them either, but yeah whatever money I manage to earn and save in my life all goes towards either spending on needs or if I am saving, it always is saved in the form of bitcoins or sometimes other coins like ETH, DOT,etc

[Darker45]

Personally, I would. It doesn't hurt to trim down a bit on Bitcoin's profit and diversify it to precious metals. While there are speculations of space mining and all, I guess it won't happen anytime soon. And gold would definitely stay precious for the next several decades. For me, it is still a wise decision to buy gold, silver, platinum, and so on during their respective dips. In fact, precious stones could also be added to your portfolio if you have a vast amount of wealth. Having several baskets is always better than having only one.

Due respect to your vision and to an extent even I agree that gold will remain precious for years and decades. But the thing with gold is that you are paying charges when you buy gold and when you sell gold you again have to pay some fees as the gold degrades a bit and you don't get 100% value of your gold.

You will also pay premium and fees when you buy and sell Bitcoin. Sometimes, you even allow yourself to have the spread get the better of you if you are in a hurry to sell a certain amount.

With bitcoins there is a volatility issue but I rather consider it as an opportunity and the best part with bitcoins is that you don't have to be worried about theft and robbery but with gold you always have to keep these things in mind.

Theft is a really huge problem with Bitcoin, probably more than with gold. There are probably more ways for thieves to steal Bitcoin than with gold. Furthermore, with gold you oftentimes don't have them in your possession except if you intend to keep physical gold.

Volatility is both good and bad. It is both an opportunity and a disaster.

Having several fruits in the basket is absolutely important but you need to also keep in mind that if something is not moving with the pace of how market is moving then you have to switch.

You may adjust your portfolio as you wish but you probably does not fully switch more often.

[Cling18]

Investing on Gold is always a good idea and why not you too invest on it? It is mandatory to hold few hundred grams of Gold in or savings all the time for emergency needs when nothing is liquidated as Gold. I guess some of the rich people are moving to BTC from Gold that is why the price is dropping but still gold remains in the top of total marketcap and it deserves it.

I'm actually wondering why people keep on comparing these two when we could actually have them both as assets. Gold will always remain gold and Bitcoin will always remain as cryptocurrency. One of the few differences that we could notice is more people trust Bitcoin since it has proven a lot for years while Bitcoin is just starting to gain other's trust when it comes to investment. I'm sure that both could strike higher in the future but both are worth investing in.

[hatshepsut93]

I'd rather sell my Bitcoin for fiat and buy back Bitcoin in bear market. In the past cycles it crashed 80% from the peak of the bull market, and it's a huge opportunity to buy more coins for the next bull run which will happen in 2024. Or maybe there will even be a smaller bull run in 2023.

Gold isn't really exciting, and when it comes to traditional investments I'd rather choose real estate - it generates stable income and it's always in demand.

[Lucius]

If asteroid  mining becomes real gold will tank as a wealth storage.

Has it occurred to you that Musk is pioneering space to mine gold on those asteroids and is buying btc on the real cheap?

If so gold will drop a lot.

I don't understand why you are spreading theories about gold mining somewhere in space as something that will happen in the next 10 years when most experts say it will take at least 50 years to make it available and commercially viable?

Gold and other metals are very likely to be mined on asteroids, but not in the near future - certainly not in the next 10 years. But this does not mean that BTC does not have an impact on gold even now, because a certain outflow of funds from the gold market to BTC has already been recorded.

Can we actually extract this space gold? That is the quintillion-dollar question, certainly. 

Speaking to Outerplaces, Professor John Zarnecki, president of the Royal Astronomical Society, estimates that it would take around 25 years to get ‘proof of concept’, and 50 years to start commercial production.

@bitmover, I don't see why it would be bad to diversify into things like gold and silver as some kind of insurance in case BTC experiences some catastrophic drop - smart investors know it's never wise to keep all eggs in the same basket, no matter what some say are 100% in BTC - but I think that's far from the truth.

[nicecrypto]

I have been talking just at the weekend to a BTC friend about
taking profits and maybe buy Gold and Property but we were aiming
for later in the year when [hopefully/potentially] that Gold/Bitcoin
gap will be even wider.

If you listen to Michael Saylor, Bitcoin is really the only store of value,
its really hard to know what to do, is there going to be a correction like
2017/2018? will we actually need to diversify into Metals or Property?

Diversification is always a good idea in investments and i particularly always like property investments which is where my next target is.
With regards to Bitcoin price correction, I believe that correction will still come but understand that after this, we will still see the years ATH before the Bear market sets in.