Anybody here sell their Gold to buy Bitcoin?

[wiss19]

Anyone else here convert their Gold to Bitcoin?
Kinda having a hard time parting ways with my coins.
There's something to be said about touching Gold coins.
They're heavier than you think..
They have a nice ringing tone to them when tapped.
Fun to look at.. older ones have a history to tell.

Maybe I'm alone in this feeling.. 14+ years of collecting coins is hard to let go, but ultimately I got into it to have an insurance in case
of economic collapse and security.. also to make a profit.
Seems like Gold may be taken out by Bitcoin in a few short years.

Right now bitcoin is my favorite investment to make. I have invested in gold once and that was my first investment in 2014, and I later sold my gold and then I started investing in bonds and they were not really something I liked.

I had plans to get back to gold investment, before I stumbled on Bitcoin while I was doing a completely different research, and I picked interest in it and decided to look further into it and after that, by late 2015 I was ready to start investing in Bitcoin and it has been the best investment. Gold is also good, and I guess if I never discovered bitcoin when I wanted to quit investment in bonds, I would have been investing in gold by now.

[1714600610]

1714600610

[Cherylstar86]

Anyone else here convert their Gold to Bitcoin?
Kinda having a hard time parting ways with my coins.
There's something to be said about touching Gold coins.
They're heavier than you think..
They have a nice ringing tone to them when tapped.
Fun to look at.. older ones have a history to tell.

Maybe I'm alone in this feeling.. 14+ years of collecting coins is hard to let go, but ultimately I got into it to have an insurance in case
of economic collapse and security.. also to make a profit.
Seems like Gold may be taken out by Bitcoin in a few short years.

Right now bitcoin is my favorite investment to make. I have invested in gold once and that was my first investment in 2014, and I later sold my gold and then I started investing in bonds and they were not really something I liked.

I had plans to get back to gold investment, before I stumbled on Bitcoin while I was doing a completely different research, and I picked interest in it and decided to look further into it and after that, by late 2015 I was ready to start investing in Bitcoin and it has been the best investment. Gold is also good, and I guess if I never discovered bitcoin when I wanted to quit investment in bonds, I would have been investing in gold by now.

Yeah there's always an assurance if we choose over gold, but for some reasons it's slow to rise compared with bitcoin. However, if you wanted to divert your golds now I don't think it would increase faster because of high price when your do an entry. Try to wait for further months before btc price go downtrend, it's not wise choice due to possible crash coming.

[molsewid]

I've never thought of that neither do I have any good stock anywhere else, selling it to buy gold isn't a bad idea. With the way bitcoin  is growing,  I would have no problem selling gold to buy bitcoin. Bitcoin and gold are similar i  function and that is the store of value kind of but bitcoin assumes more responsibility than gold and with that responsibility comes value. So, having one commodity that keeps you stagnant at a price rate or level isn't the best of idea. So, if you've got gold and it ain't working for you, you could swap it for bitcoin and make it work for you. Now, bitcoin is where the value is and its what you should be aiming at for an investment.

Actually having gold and bitcoin as an asset today was powerful. Both was valuable and worth it as an asset. Maybe those rich people who have gold in their custody may not going to sell their gold to buy bitcoin because they have the money that they can used to buy bitcoin. But I can't deny the fact that bitcoin was now becoming much more valuable as day passes by and as the people keeps on recognizing and believing in bitcoin.

[bitzizzix]

I've never thought of that neither do I have any good stock anywhere else, selling it to buy gold isn't a bad idea. With the way bitcoin  is growing,  I would have no problem selling gold to buy bitcoin. Bitcoin and gold are similar i  function and that is the store of value kind of but bitcoin assumes more responsibility than gold and with that responsibility comes value. So, having one commodity that keeps you stagnant at a price rate or level isn't the best of idea. So, if you've got gold and it ain't working for you, you could swap it for bitcoin and make it work for you. Now, bitcoin is where the value is and its what you should be aiming at for an investment.

Actually having gold and bitcoin as an asset today was powerful. Both was valuable and worth it as an asset. Maybe those rich people who have gold in their custody may not going to sell their gold to buy bitcoin because they have the money that they can used to buy bitcoin. But I can't deny the fact that bitcoin was now becoming much more valuable as day passes by and as the people keeps on recognizing and believing in bitcoin.

Most likely the rich will have both, and the existing gold will not be added again and will turn to bitcoin to own both and that is a very good way because the rich can afford both gold and bitcoin.
I personally do not have gold after getting to know bitcoin and it is my priority to have bitcoin in the long term, because previously I had the belief that bitcoin would be better and more valuable than gold as it is today.

[DarkDays]

It would be rare to find a person who invested in gold and being part of the crypto community at the same time. No one person is able to withstand gold investment when crypto is skyrocketing- that's almost any Alt not just a select few.

But we never know what other people are thinking, for me gold is no longer a viable investment route now that with crypto you can gain several times more profit in a few days that comes no where near close to what you get from the slow appreciation of gold.

Gold is dead, crypto is alive.

[LeGaulois]

It would be rare to find a person who invested in gold and being part of the crypto community at the same time. No one person is able to withstand gold investment when crypto is skyrocketing- that's almost any Alt not just a select few.

But we never know what other people are thinking, for me gold is no longer a viable investment route now that with crypto you can gain several times more profit in a few days that comes no where near close to what you get from the slow appreciation of gold.

Gold is dead, crypto is alive.

There is a difference and you mix the purpose of investing in BTC and gold

People investing in gold are not really expecting to make a profit. They use it as a safe heaven to secure their capital. Something you can't make with Bitcoin or any altcoins. If you're looking to secure your capital and invest in crypto, it's a totally insane idea when we know how volatile the crypto market is. Knowing BTC for example can decrease by 80% within a few weeks, how secure it was to save your money in it.

Gold is not dead. It has different purposes, you can't mix apple and orange

[Hypnosis00]

btc going to more valuable assets than gold. Btc now ranking 8 and gold 1 with marketcap $11.099 T and btc with $1.168 marketcap and btc going popular day by day and btc   will be no. 1 asset i believe.

Yes, bitcoin market is slowly moving up and this is the reason many people are selling their gold to buy bitcoins. I am very much sure that in coming years bitcoin will be beating gold's marketcap as there are so many institutional funds are coming into bitcoin market compared to what they were doing with gold market for years. So, there will be no surprises on seeing people to be switching over from gold to bitcoin. This is a timely demand and people are obeying it.

It is just a matter of choice, people are looking for any opportunity that they could get money in a short period of time, and having Bitcoin is considered to be a sort of fulfillment.

Gold have also of great value but we can't say it gives you the x10 or x100 market share in just a year or just a month of holding, not like if we invest in Bitcoin. This is how it puts into the mind of the people who are selling their gold for Bitcoin. It actually a great choice, and nothing to regrets.

[Fatunad]

btc going to more valuable assets than gold. Btc now ranking 8 and gold 1 with marketcap $11.099 T and btc with $1.168 marketcap and btc going popular day by day and btc   will be no. 1 asset i believe.

Yes, bitcoin market is slowly moving up and this is the reason many people are selling their gold to buy bitcoins. I am very much sure that in coming years bitcoin will be beating gold's marketcap as there are so many institutional funds are coming into bitcoin market compared to what they were doing with gold market for years. So, there will be no surprises on seeing people to be switching over from gold to bitcoin. This is a timely demand and people are obeying it.

It is just a matter of choice, people are looking for any opportunity that they could get money in a short period of time, and having Bitcoin is considered to be a sort of fulfillment.

Gold have also of great value but we can't say it gives you the x10 or x100 market share in just a year or just a month of holding, not like if we invest in Bitcoin. This is how it puts into the mind of the people who are selling their gold for Bitcoin. It actually a great choice, and nothing to regrets.

Some would be minding about security or those traditional store of value asset which is Gold.Some would go make some full conversion and some would go half or depending into their preference
but for me then if i do have ever some gold holdings then that would be divided into 50% which the other half would be allocated to bitcoin and this will really be depending on how much someone
could able to put up risk with crypto or bitcoin investment so the numbers would really be varying to person to person.For sure there are fellas who did sell off their
gold to switch into Bitcoin.

[Xxmodded]

Maybe some one not brave before know how increase profit faster by investing bitcoin than gold, so many of them looks worry when try to invest in bitcoin during not have any regulated from our country, but when bitcoin have been legal and have law many people prefer hold bitcoin than gold and profit increase faster become the reason why many people want hold bitcoin.

[Lordhermes]

Centuries have better approach towards long-term investors and has a new offer for wealth accumulations. I would prefer Bitcoin in this era compared to gold because Bitcoin hs higher volatility and is making series of higher highs and lower lows causing a spike for long-term investors and traders alike.

Many speculations has been released that Bitcoin will make an all-time high of $100k before the the third quarter of the year making more investors richer than they have ever been. Come to think of it many companies like tesla has converted part their assets to Bitcoin and still do transactions in Bitcoin causing a massive spike in the market.

[Raflesia]

Gold have also of great value but we can't say it gives you the x10 or x100 market share in just a year or just a month of holding, not like if we invest in Bitcoin. This is how it puts into the mind of the people who are selling their gold for Bitcoin. It actually a great choice, and nothing to regrets.

Gold is also the most important asset people will definitely hold longer if they want stability and there is no high risk, but seeing the current conditions many have switched to bitcoin I think many will sell gold only for bitcoin and wait one year later, so from the market value is now getting bigger the more that come because they know bitcoin can make a profit in no time.

It is undeniable how they choose because in fact bitcoin is also good to invest in, even though now the price is high, there is still a lot of confidence in large investors that crypto will be more secure in terms of profits.

[vs2014]

Selling gold to buy bitcoin is not a good idea. Gold is expensive and its price is increasing, so we must keep it. As for Bitcoin, we can buy it with a portion of the money that we would like to lose, The best is to keep the gold and bitcoin for the long term.

[Ziskinberg]

Selling gold to buy bitcoin is not a good idea. Gold is expensive and its price is increasing, so we must keep it. As for Bitcoin, we can buy it with a portion of the money that we would like to lose, The best is to keep the gold and bitcoin for the long term.

Yeah, that probably what we know about Gold but if you tried to compare it to Bitcoin's growth, you will know that Bitcoin grows fast than Gold. You can't expect that Gold will double its price even we wait for a decade, unlike Bitcoin.  The difference with them is the risk, Bitcoin investment has that but we also have some confidence that Bitcoin will even grow more in the coming years.

The best is to keep the gold and bitcoin for the long term.

That is a preferred one, many did this. That actually be good if you have a lot of money for these investments.

[7788bitcoin]

Selling gold to buy bitcoin is not a good idea. Gold is expensive and its price is increasing, so we must keep it. As for Bitcoin, we can buy it with a portion of the money that we would like to lose, The best is to keep the gold and bitcoin for the long term.

If you entry is good then you will end up loosing anything in any market. Bitcoin is a high risk investment if you are investing right now when the price is above $60k and so is the case with gold as it is also riding a rally, in short any asset you invest when the market is pumping has its own risk and gold has some fundamentals basically they are trading for centuries while bitcoin is just a decade old and hence the volatility is high.

I would have sold anything to enter bitcoin at the right moment but not anytime soon.

[travwill]

I am that kind of person. There is a project called Digital Gold. It is a stablecoin pegged to gold. Each coin is equal to a certain amount of gold. If you search, you will find a bounty company and a branch of announcements of this project for bitcoin.
In fact, the owners of the coin are the owners of the gold, and I am, that is, I was one of such owners, but I sold all my gold and bought Bitcoin with it. Thanks for attention.

[tbterryboy]

I am that kind of person. There is a project called Digital Gold. It is a stablecoin pegged to gold. Each coin is equal to a certain amount of gold. If you search, you will find a bounty company and a branch of announcements of this project for bitcoin.
In fact, the owners of the coin are the owners of the gold, and I am, that is, I was one of such owners, but I sold all my gold and bought Bitcoin with it. Thanks for attention.

If I remember correctly that is 200th such project which is faking gold as reserve and you may use google or this forum's search functionality to find all of them. Nothing new and people like you are new to adopt such shit projects and then regret later for disappointments.

Basically no devs will be rich to have that much of gold to begin a project with. So, they are simply faking something to make you people trapped.

[Twinscoin2017]

I am that kind of person. There is a project called Digital Gold. It is a stablecoin pegged to gold. Each coin is equal to a certain amount of gold. If you search, you will find a bounty company and a branch of announcements of this project for bitcoin.
In fact, the owners of the coin are the owners of the gold, and I am, that is, I was one of such owners, but I sold all my gold and bought Bitcoin with it. Thanks for attention.

If I remember correctly that is 200th such project which is faking gold as reserve and you may use google or this forum's search functionality to find all of them. Nothing new and people like you are new to adopt such shit projects and then regret later for disappointments.

Basically no devs will be rich to have that much of gold to begin a project with. So, they are simply faking something to make you people trapped.

Yeah i was there I have been in bounty campaign that is back by digital gold and columbian emiralds before and it ends up to scam project. I believe that those project are scam and i quit those bounty before it ends. For now I will not going to apply any bounty campaign that back by gold.

[Sled]

Selling gold to buy bitcoin is not a good idea. Gold is expensive and its price is increasing, so we must keep it. As for Bitcoin, we can buy it with a portion of the money that we would like to lose, The best is to keep the gold and bitcoin for the long term.

If you entry is good then you will end up loosing anything in any market. Bitcoin is a high risk investment if you are investing right now when the price is above $60k and so is the case with gold as it is also riding a rally, in short any asset you invest when the market is pumping has its own risk and gold has some fundamentals basically they are trading for centuries while bitcoin is just a decade old and hence the volatility is high.

I would have sold anything to enter bitcoin at the right moment but not anytime soon.

Investing in crypto is of high risk but people tried to manage it for the sake that they wanted to earn money faster compared to other investments.
Yes, Bitcoin just exists for more than a decade but it has already proven to be a good investment. In fact, some millionaires are jumping into crypto for that reason. Maybe we could say that selling our Gold for Bitcoin is not a good idea but if we think about "OPPORTUNITY" many people had to that.

[rhodelmabanal]

Hello Gang,
Long time investor/holder of Gold coins, new investor of Bitcoin.
I've been thinking about selling some Gold to buy Bitcoin.
I'm listening to the pros/cons of doing this and Bitcoin seems like the better asset to hold in the long run.

So..
Anyone else here convert their Gold to Bitcoin?
Kinda having a hard time parting ways with my coins.
There's something to be said about touching Gold coins.
They're heavier than you think..
They have a nice ringing tone to them when tapped.
Fun to look at.. older ones have a history to tell.

Maybe I'm alone in this feeling.. 14+ years of collecting coins is hard to let go, but ultimately I got into it to have an insurance in case
of economic collapse and security.. also to make a profit.
Seems like Gold may be taken out by Bitcoin in a few short years.

Thoughts?

If I have a lot of gold then i will convert some few gold to bitcoin, holding both gold and bitcoin is more amazing and i think profitable than holing 1 of them, if gold drop and bitcoin will rise you can still earn, and if bitcoin drops and the gold rise then you can also still earn, there is a big advantage if you hold both bitcoin and gold. So i suggest to hold both for to have more advantages and earnings.

[awik p]

Hello Gang,
Long time investor/holder of Gold coins, new investor of Bitcoin.
I've been thinking about selling some Gold to buy Bitcoin.
I'm listening to the pros/cons of doing this and Bitcoin seems like the better asset to hold in the long run.

So..
Anyone else here convert their Gold to Bitcoin?
Kinda having a hard time parting ways with my coins.
There's something to be said about touching Gold coins.
They're heavier than you think..
They have a nice ringing tone to them when tapped.
Fun to look at.. older ones have a history to tell.

Maybe I'm alone in this feeling.. 14+ years of collecting coins is hard to let go, but ultimately I got into it to have an insurance in case
of economic collapse and security.. also to make a profit.
Seems like Gold may be taken out by Bitcoin in a few short years.

Thoughts?

If I have a lot of gold then i will convert some few gold to bitcoin, holding both gold and bitcoin is more amazing and i think profitable than holing 1 of them, if gold drop and bitcoin will rise you can still earn, and if bitcoin drops and the gold rise then you can also still earn, there is a big advantage if you hold both bitcoin and gold. So i suggest to hold both for to have more advantages and earnings.

I personally tend to hold both gold and bitcoin. but honestly, the capital that I use to invest in bitcoin is smaller than the capital for investing in gold, which is about 30% of the total capital I have. I know in crypto even though it gives a big return, it also has a big risk