Anybody here sell their Gold to buy Bitcoin?

[yhiaali3]

Yes, it is true. The gold ring has a beautiful sound in the ear and a beautiful glow in the eye, but what is the work of the world is constantly changing and you cannot preserve the old things always, this is like the difficulty of moving from living in the quiet countryside to the bustling city.
For me, I would like to keep both, Bitcoin is a profitable investment currency in the long run, but I cannot give up on gold because we need the tangible things so the best solution in my opinion is to split your money in half Bitcoin and gold.

[ethereumhunter]

With the bitcoin price now, I do not want to sell my gold (if I have gold) because the bitcoin price is too expensive and even if I sell my gold, that will only help me buy a small piece of satoshi. Maybe I will hold my gold for a long time like what I did with my bitcoin, and maybe I will give it to my children, grandchildren and so on.

I prefer to try to earn bitcoin from the other ways, including buying bitcoin using my other income, so I will still have two investment, gold and bitcoin, together. But you can sell your gold and buy bitcoin if you want because we are free to decide.

[Shasha80]

I believe that with the Bitcoin price reaching the ATH price of $ 61k, many are selling their gold to buy Bitcoin. That is indeed a natural thing that
happens considering Bitcoin's performance is better than Gold. Therefore I do the same, by selling some of the Gold I have to buy Bitcoin,
because I am also optimistic that investing in Bitcoin can indeed provide a greater profit than investing in Gold. But that does not mean investing
in Gold is bad, but indeed the profit generated if investing in Bitcoin is much greater.

[Sinjokubhi]

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?

I think so too, selling gold for Bitcoin was one of the right decisions and not a bad thing. If you choose to become a holder, I think Bitcoin will be quite promising in the future. Because if we look at the development of bitcoin prices from year to year, the increase is much faster than when we invest in gold. Even though the price will decrease, a currency like Bitcoin can reverse its price to be stable or even go up in a fairly fast period of time.

Therefore, if you wish to sell your gold in exchange for Bitcoin, it can benefit you. But, my advice, don't sell all your gold in exchange for currencies, like Bitcoin. Because, if you have a problem or experience a loss when trading. You will not lose all your assets. You must have other deposits, like gold, to anticipate unexpected risks.

[Viscore]

Yes, I have some gold but never have the plan to sell it just for Bitcoin. I'd rather have to keep it until I was really in need of money. I invest both of them separately, it doesn't matter to me if Bitcoin is really profiting but having Gold is like you are building reputation and that symbolizes wealth. And have to keep it.

Maybe the others will think isn't a good idea but never have to argue with them because that was what I think is the right thing to do. We are never sure that Bitcoin will drop in the next few months and that to have Bitcoin this time is a risky thing. Having Gold is the safest way to store our money.

[ReiMomo]

If I were the one to decide, I guess it would be more strategic to diversify your portfolio instead.
You don’t need to invest and convert all of your gold coins in bitcoin in one snap. You can always test the water before you will put your both feet so you can stay standing.

I would suggest since you’re a new investor you should make your own test and studies first before deciding to move all of your golds here.
It will actually take you time to master the basics and totally get to know about Bitcoin. And I’m telling you, it is quite far from gold. So be ready, be it.

[Kelvinid]

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.

Thoughts?

If you can find another way to get some money for Bitcoin investment, much better to do it instead of selling your Gold collections. That only if you have?
But if you don't value your collections anymore and wanted to make money out form them, then selling will the best option. That be sure that you are willing to do it, because if you are in doubts and still thinking what you gonna do. Maybe you have to think about the risk in Bitcoin investment.

You may have to clear your decisions, there is no need to rush and get into FOMO. Because once it already happens, there is no coming back.

[slaman29]

Hey and welcome to Bitcoin! I actually have never really heard of anyone going from gold to crypto, usually it's the other way around. Not that anyone puts ALL their crypto into gold but I know a lot of crypto people who also further diversify into precious metals with their newfound crypto riches:) Welcome again!

[RealMalatesta]

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.

There would be nothing strange nor surprises because people might be preferring to switch into what is highly profitable for them. We have heard that many people are selling their home and properties for the reason of buying bitcoin then why not gold as well? Moreover, people must be believing in to bitcoin to be turning as new gold or digital gold which might be replacing traditional gold/fiats hence there will be no surprises for me when seeing people using their long term saving just for the reason of investing into bitcoins.

Recently I have come across a gif which shows what is highly profitable compared to other stocks and bonds for the amount of $1000 in last five years; bitcoin is topping on that list which must be the enough reasons why people are leaving gold for the purposes of having more number of bitcoins.

[iv4n]

Hey and welcome to Bitcoin! I actually have never really heard of anyone going from gold to crypto, usually it's the other way around. Not that anyone puts ALL their crypto into gold but I know a lot of crypto people who also further diversify into precious metals with their newfound crypto riches:) Welcome again!

Let me ask you a question (and it's a question for all other members), how many gold holders you know?
I don't have gold, so I don't have what to sell... but I would sell that gold a long time ago for buying Bitcoin or some other crypto, and I guess many people here would do the same (some did it I guess). Here on forum, we are a special kind of people, we found a way (ways) to earn, and because of that we don't sell our material possessions for crypto (gold, cars, houses...)... but again we have some examples from people who did that, and they maximized their profits in crypto to the roof!
Everything comes down to what you believe in more... I am for crypto 100%, and I assume many others here feel the same! So if some gold appears I will sell it right away, without a second thought!

[mu_enrico]

I "feel" that Bitcoin could double in a years time.

What if your "feeling" is wrong? That's the purpose of owning both assets (or creating a portfolio), one as a hedge and the other more like speculation.
Regarding selling gold to buy Bitcoin, yes, I did it several times, back and forth. My woman still prefers gold tho.

[Sterbens]

both of them are very important in securing your funds from economic collapse. And I thought if you could have both, why not. bitcoin is far superior to gold in terms of price, as one can consider the economic conditions, taking these two assets is very good.

because I don't have gold, the alternative is bitcoin, we will have a very hard time storing gold = 1 bitcoin at this time, and it needs to be kept safe. bitcoin is the same too, you need a hard wallet.
so both have the same profit side with different price values.

[tvplus006]

...Fun to look at.. older ones have a history to tell...

If you are a numismatist and your collection consists of rare coins, then it should increase in value over time, which can be commensurate with the growth of bitcoin. And it will be difficult for every collector to make the choice to part with their coins, unless in a special case. And if you think that such a special occasion has come, make your choice in favor of BTC, but never regret it again

[slaman29]

Let me ask you a question (and it's a question for all other members), how many gold holders you know?
I don't have gold, so I don't have what to sell... but I would sell that gold a long time ago for buying Bitcoin or some other crypto, and I guess many people here would do the same (some did it I guess). Here on forum, we are a special kind of people, we found a way (ways) to earn, and because of that we don't sell our material possessions for crypto (gold, cars, houses...)... but again we have some examples from people who did that, and they maximized their profits in crypto to the roof!
Everything comes down to what you believe in more... I am for crypto 100%, and I assume many others here feel the same! So if some gold appears I will sell it right away, without a second thought!

Personally, I only know of my own aunties and grandaunties who all hold physical gold. They literally go out every few years to buy a small amount of gold to stash. But online, I know of many more people who apparently buy physical gold online because they got wealthy from crypto. So these are actually, as I said, crypto users who became rich, and then bought some gold to diversify their wealth. Like I said, I don't know anyone who sold gold for crypto.

[justdimin]

crypto users who became rich, and then bought some gold to diversify their wealth. Like I said, I don't know anyone who sold gold for crypto.

Same here; I am one of such people who sold crypto for the reason of buying gold because as per our culture we value gold more which lead me to buy gold time to time not just for the reason of investments but to have as a social symbol/status. Our family members are happy when they are buying and wearing gold rather than what they are usually watching BTC prices in their wallet. I mean they are not bothering about the growing rate of bitcoin but they just look at the happiness when they are wearing gold.

I'm not ready to agree that crypto people need to invest into gold for the reason of the diversification. Because when you're holding bitcoin definitely we do not need any diversification as any other asset is producing good ROI compared to what bitcoin is doing as per last 10 years. Probably after some decades, crypto people might need to think about diversification.

[geegaw]

I believe that with the Bitcoin price reaching the ATH price of $ 61k, many are selling their gold to buy Bitcoin. That is indeed a natural thing that
happens considering Bitcoin's performance is better than Gold. Therefore I do the same, by selling some of the Gold I have to buy Bitcoin,
because I am also optimistic that investing in Bitcoin can indeed provide a greater profit than investing in Gold. But that does not mean investing
in Gold is bad, but indeed the profit generated if investing in Bitcoin is much greater.

You really surprised me with this option because I think that depending on our position in the portfolio, we will rely on that to decide whether to switch to another investment or to hold, that means if you bought gold at a good price, why would you need to sell it to convert to bitcoin at a high price? A change in position in your investment in this way can affect your profits, you can switch from a profitable person to a losing person, perhaps at a lower price, selling gold to buy bitcoin is a good option but right now, keeping the position is still a good way to avoid risk

[imstillthebest]

i dont own gold coins but i can imagine the satisfaction the way you describe it  .
it makes wanna try and own one gold coin , dont let go all of your gold coins but keep some to have a stress reliever  . your not alone to have this feeling and you feel this because 14 yrs of holding is long. it will be hard for you if you shock your self by selling all your coins but you can do this slowly .
 btc can surpass golds value but not its other characteristics

[doomloop]

btc can surpass golds value but not its other characteristics

What other characteristics/values of gold that you are bothering? In my understanding, gold cannot be transmitted smoothly and securely like how we are transacting bitcoins. It means bitcoin has already surpassed gold in such characteristics. Probably you are referring worldwide momentary of transaction? I believe one day all the countries will be accepting bitcoin as preferred momentary of exchange, I am very much confident about that.

at a lower price, selling gold to buy bitcoin is a good option but right now, keeping the position is still a good way to avoid risk

Yeah, right bitcoin prices has grown to big levels and right now trying to buy more bitcoin by selling gold may not be an option for many people including myself. But for the people who are strongly believing into $100k or $150k levels for bitcoins, might be thinking that must be a right approach.

[imstillthebest]

btc can surpass golds value but not its other characteristics

What other characteristics/values of gold that you are bothering? In my understanding, gold cannot be transmitted smoothly and securely like how we are transacting bitcoins. It means bitcoin has already surpassed gold in such characteristics. Probably you are referring worldwide momentary of transaction? I believe one day all the countries will be accepting bitcoin as preferred momentary of exchange, I am very much confident about that.

hi bro thanks for asking but you are right about the transmition and the security .
 btc wins over that and i dont mean momentary of transaction  but it was the physical appearance of gold coin ,
its shiny and it has a crisp sound if drop and it has a history like how op described but i remember that there are also btc inspired coins but they are not officialy made by its founders .

[sujonali1819]

Not only The Gold even I did not invest any of my pocket money to invest in bitcoin/crypto. I only invested some of my earning money. But yes If I would have some Gold (not little amount) I may try to invest it in bitcoin. It's because bitcoin is more profitable that Gold. And to be honest Bitcoin is for the risk taker investors, and Gold for those investor who afraid to invest in crypto.