Anybody here sell their Gold to buy Bitcoin?

[Innerpumper]

By comparison, it looks like gold is more durable, Bitcoin is the current trend. However, gold cannot be destroyed and also has scarcity. However, bitcoin currently outperforms the price of gold. The price of bitcoin is fantastic equivalent or more than 1kg/btc.

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[Hypnosis00]

NO, maybe that was an option but until such time I can still manage to fund my Bitcoin investment selling some of my stuff, I wouldn't do that. I'd rather have to keep it if ever I have to sell it but for another reason.

By comparison, it looks like gold is more durable, Bitcoin is the current trend. However, gold cannot be destroyed and also has scarcity. However, bitcoin currently outperforms the price of gold. The price of bitcoin is fantastic equivalent or more than 1kg/btc.

Gold symbolizes something and that is why many were trying to have it and keep it. Comparing it to Bitcoin isn't unusual but never makes sense why? They are of different market features, it doesn't matter how much their price because they are totally different.

[Alucard1]

I don't have gold but if ever I have it, I won't sell it just to buy bitcoin. Yes I consider that bitcoin is much better than gold and I would prefer holding it for the long term but not to the point of sacrificing gold, Gold is still good and it can be a good asset to hold, it can also increase its value in the future and is also a good thing as a gift for your future children. Bitcoin is what many people are looking for, we can see a lot of tweet about bitcoin and gold and we can see how many people who is in favor of gold but still it cannot be destroyed because it is a governments property which is also good for investing.

Gold is really well known and it can benefit your family once you have died instantly unlike on bitcoin, if ever you don't even give some clue about your private key to one of your family then everything you have will be wasted because no one can use it once you die

[Oasisman]

By comparison, it looks like gold is more durable, Bitcoin is the current trend. However, gold cannot be destroyed and also has scarcity. However, bitcoin currently outperforms the price of gold. The price of bitcoin is fantastic equivalent or more than 1kg/btc.

Durable in what terms? Bitcoin is intangible asset, how can you measure it's durability?
I'm sorry but Gold can be destroyed If you have to do it purposely exposing it to a nuclear reactor. On the other hand, nobody knows how to destroy Bitcoin in general. Governments have tried but turns out to be adopting on the latter.

If you take a look at the Bitcoin price timeline, you could easily tell how Bitcoin has become a more profitable asset than Gold from the last 11 years.

Gold (2009) : $895.25
Gold (2021) : $1,755.95

Bitcoin (2009) : $0.0001
Bitcoin (2021) : $58,000+

Now, my advice to OP is that If your Gold has some valuable sentiments to you because you have mentioned it's hard to let go of your hobby of collecting Gold coins. Then, better keep them and find another option to buy Bitcoin without selling your Gold coins. In fairness to Gold, they'll never loses value, It keeps gradually increasing instead.

[Xxmodded]

My family still have traditional mind about holding gold than I give many time how increase much profit hold bitcoin or altcoin than saving gold, only have change price few percent for gold but bitcoin more than 100% price up. I have to proof how bitcoin is better than gold and gold weakness from price keep stable and many time price gold down when faced problem with USDT value.

[lienfaye]

I also like collecting gold (jewelries) and I can say that its a reliable investment and easy to exchange for cash in times you're in need.

However the increase of the value is not quite unlike bitcoin, if I compare the profit I got from gold for the past years of holding it.

Thus its more profitable to hold bitcoin, and selling gold just to buy btc is not bad. But one should be prepared for the outcome because its not often go as planned. Unexpected scenario can happen and patience is really a must.

[Trinx01]

Both are goods assets to invest and it is better if you also have gold not only bitcoin, both are good for different purposes, bitcoin is good and we cannot deny that things as it already builds big respect from many people including celebrities and company owners and gold also do that thing in some circumstances.

I also like collecting gold (jewelries) and I can say that it's a reliable investment and easy to exchange for cash in times you're in need.

That's true and we can also do that in bitcoin, gold is good for a long-term investment as well because just like others it also increases its value time by time and would be good as a collection of yours. Both are goods so we don't need to sell gold just to buy bitcoin as we can hodl both at the same time.

[conected]

I don't have gold but if ever I have it, I won't sell it just to buy bitcoin. Yes I consider that bitcoin is much better than gold and I would prefer holding it for the long term but not to the point of sacrificing gold, Gold is still good and it can be a good asset to hold, it can also increase its value in the future and is also a good thing as a gift for your future children. Bitcoin is what many people are looking for, we can see a lot of tweet about bitcoin and gold and we can see how many people who is in favor of gold but still it cannot be destroyed because it is a governments property which is also good for investing.

Gold is really well known and it can benefit your family once you have died instantly unlike on bitcoin, if ever you don't even give some clue about your private key to one of your family then everything you have will be wasted because no one can use it once you die

- Gold in physical form is really enough to create a sense of security for investors, at least our legacy will be stored for the next generation and remember, gold will give a very large rate of return over time that we hold, the value may be a lot inferior to bitcoin but with its stable and sustainable properties, it will maintain a equilibrium advantage with bitcoin. Do not try to sacrifice too much in bitcoin, investing here also has a lot of failures, always leaving an opportunity in gold to have a chance to revive when caught in a failure.

[Renampun]

...

each person must have their own answer to this question...
So far I haven't sold my gold to buy Bitcoin, it's not that I don't want to, it's just that it was a gift from my husband and necklaces and rings from my mom. I can still get Bitcoin in other ways than selling my gold.

[pawanjain]

If I were at your place, I would definitely sell some of the Gold to buy some bitcoins if I had none.
It is always good to diversify your investments and bitcoin is considered as Digital Gold so while you have the physical form it you must have the digital one too 
You should consider moving at least 30% of your investment in Gold to bitcoins. Also, I would recommend to split the money into top cryptocurrencies and not just bitcoin.
Potential coins like Bitcoin, Ethereum, Polkadot, Cardano, Monero etc.. are some good coins to invest in.
Always remember to do your own research before buying/selling any assets.

[Xxmodded]

Gold as an asset firmly welcome all over the world. Bitcoin positive hype will make us profitable, opposite things could make disaster while gold means to slowly but surely has durability in the long term. Anyway, having both of asset is good choice. That's what I do if I've option. I keep reinvesting my gains in this things equally.

Gold only investment for people want less risk although little profit every time, but for bitcoin need higher risk and mentality for investor brave or not to buy and hold bitcoin, but I am second choose with higher risk and higher return later to make me get much profit. Gold only give more higher 55 profit if holding more than one year, but bitcoin can give more than 100% profit just get higher risk when bitcoin down.

[michellee]

My family still have traditional mind about holding gold than I give many time how increase much profit hold bitcoin or altcoin than saving gold, only have change price few percent for gold but bitcoin more than 100% price up. I have to proof how bitcoin is better than gold and gold weakness from price keep stable and many time price gold down when faced problem with USDT value.

That is not a surprise to see many people still prefer to buy gold and hold it for a long time because they think that gold is a safe haven and that will help them if they a financial problem. But if they know that bitcoin can also have the same benefits as gold, they will try to buy bitcoin and hold it for a long time. I am sure they can do that easily because they have the experience to hold gold for that such a long time. We can suggest them to invest in bitcoin, but we can not force them to buy bitcoin because buying bitcoin or not is a choice for us.

[Dewi Aries]

~snip

For now maybe good time to buy gold because price still decreased, but if must sell Gold for bitcoin, i wouldn't do that because in investment i will split it like in property, gold, crypto and maybe fiat. With that, if 1 get bad, i will still have back up from other investment. Although one of my investment maybe will be more profitable than others, but there are risk behind that too.

[LUCKMCFLY]

I have sold gold to obtain Bitcoin, but Digital Gold, it is a crypto project, it is the only gold I have sold, many years ago I had gold but unfortunately it was lost and another part was stolen from me without realizing it as well as my class ring .

Making the determination to sell gold to buy Bitcoin I see it as a good decision, the son of Peter Schiff did it, and Peter Schiff was surprised by such a decision, if the son of Peter did it, he has a father with a lot of experience investing in gold , most likely, he has learned a lot about him, and if he sold it, it is because he sees more potential in Bitcoin. Investment, purchase and sale decisions must be respected, in every operation there is always the risk of losing, although today if we see the Bitcoin chart and the number of gold investors entering to buy Bitcoin it is a point to consider that you have certain advantage.

[Wawa2013]

I have Gold but I will not sell it to buy Bitcoin. Because for me I have my own pride if I have Gold. And I will look for other ways to be able to buy Bitcoin,
no need to sell the Gold that I have. Because in my opinion it is better to invest in Bitcoin and Gold, rather than having to choose one. But everyone's
thoughts are different, no matter what choice we make, nothing is wrong. The wrong one may be that we don't invest in Gold or Bitcoin, because both
are the best assets to buy right now in my opinion.

[J1mb0]

Everyone has different abilities and positions, so if you want to invest in this market it's best to make your own assessment.
The one piece of advice for you is never overinvest what you are willing to lose and don't invest on anyone's advice.

[acdc]

Seems like Gold may be taken out by Bitcoin in a few short years.

Thoughts?

I think bitcoin may be more valuable than gold but it will not be able to eliminate Gold. People around the world have trusted and used gold for thousands of years, gold has many uses from making jewelry to storing wealth.
Gold will not be disposed of by any currency.

[Xxmodded]

Anyone else here convert their Gold to Bitcoin?

There are many people here who convert gold and other cash to invest in Bitcoin and various altcoins, many of them achieve success and also many people lose all their money.
I myself used to sell gold to buy altcoins, but in the end I lost all that money.

Just some one wanna faced with bigger risk and earn much profit by convert gold to bitcoin, but many other else keep stay with less risk although little profit get, I think better convert gold to be bitcoin because have higher profit return and get with short time. For bitcoin you only need one year and earn profit more than 300% but you can't get it if try invest and hold much money in gold.

[cloirecrom]

Holding BTC is more precious than gold, just see the price history and compare it.

[Atekul3]

There was a time a few days ago when the price of Bitcoin was low. I think at that time if someone sold all the gold they had to buy Bitcoin, they would buy Bitcoin and they would make a good profit.  If we have gold, we can sell gold and buy bitcoin. It can be very profitable for us in the future.