Anybody here sell their Gold to buy Bitcoin?

[ice098]

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

It is a previlege for having both Gold and Bitcoin at the same time especially today where having or owning a gold was very rare and due to limited supply and high demand of it everyone was dreaming to have gold, well at the same time bitcoin was now serve as a gold or new era where having a bitcoin was also a previlege and a rare opportunity because it does require a person to be able to hodl or to have it the potential to afford on its high price and the ability to sustain it while hodling and the ability to make or generate a profit from it due to become volatile of the market.

[Gheka]

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.

Indeed, give up some gold and invest in bitcoin and after stable arrangement comes with a profit, some of the profits will gradually shift to gold, and this scheme can also apply to gold, such a continuous transition will have a very positive result for returns when we know the characteristics of the two forms of investment, gold is at the center of stability while bitcoin is at the center of transformation. But investors here will probably be forced to have combined experience with their senses in the market

[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.

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.

I'm talking about the GOLD STABLE COIN project, which has been holding bounties on the forum for over a year and regularly pays awards to its participants.
However, recently they had problems, a hacker hacked a smart contract or something like that, but the project promised to restore everything and return the funds. Gold is in a secure vault.

[Vaculin]

I don't have any Gold acquired but if I have, still never sell for Bitcoin. I definitely have to keep it for future purposes.
In fact, I can acquire Bitcoin Bitcoin without selling any properties so there is no reason why I should do that in the first place. Because in my mind, Bitcoin can go up and down, can't see it 100% assurance but gold have although the price doesn't move and changes so fast like crypto value. However, still a great asset to invest in for a longer time.

[dezoel]

Wait! Uuuhm….. you have physical golds? Wow that's really the coolest thing I'm hearing today. I have owned gold before, but not physically, I just invest in them by making use of bullionvault.com, but I sold all my gold investments and invested the money in Bitcoin and I believe that's the best decision I ever made.

Though I wouldn't advise anyone to do the same thing (by selling all their assets to invest in gold), because of how risky it can be, it's just up to you. But, if I had physical gold and I have the license to hold it in my country, then I don't think I am going to sell them, I think it would be worth keeping for sure. You can just raise up money from different source, maybe from business or savings and then invest it in Bitcoin.

But, this is still a decision that only you can make for yourself, if you are tired of the gold's, and feel like you should move to digital holding, then there is nothing bad about selling them and investing all in Bitcoin, but don't forget about the risks. Although I do believe that overtime the value of Bitcoin will keep on growing , like after the next halving and there is a bull run, just like what happened last.

[wahyu wida]

I don't have any Gold acquired but if I have, still never sell for Bitcoin. I definitely have to keep it for future purposes.
In fact, I can acquire Bitcoin Bitcoin without selling any properties so there is no reason why I should do that in the first place. Because in my mind, Bitcoin can go up and down, can't see it 100% assurance but gold have although the price doesn't move and changes so fast like crypto value. However, still a great asset to invest in for a longer time.

right, we should instead invest in both gold and bitcoin. both have different market characteristics. gold tends to be safe to invest in, because everyone has recognized the existence of gold, while bitcoin has good prospects too, even though its main purpose has not been achieved as a transaction tool, bitcoin has a higher level of risk than gold.

[macson]

i don't have gold, because i think gold is not a good investment to make big profits.  it takes a long time for gold to give 5x or 10x profit, unlike in crypto which can give you big profits in a fast time.  i routinely set aside the salary I get to buy Bitcoin, not gold!

[fahmimajannat]

Haha its quite risky..
Gold has a really good backup on the other hand btc is Just a virtual thing.
So its better to stay safe untill you are experienced in btc.

[Distinctin]

i don't have gold, because i think gold is not a good investment to make big profits.  it takes a long time for gold to give 5x or 10x profit, unlike in crypto which can give you big profits in a fast time.  i routinely set aside the salary I get to buy Bitcoin, not gold!

Yeah, you're right. Gold doesn't give you big returns but people are investing in Gold as they consider this as a safe investment knowing that there is no way that its price will dump, unlike Bitcoin.
However, people had changed their mindset and see a big opportunity in crypto where investing in Bitcoin or altcoins could fulfill their dreams and ambitions. Yes, It can't deny that many people are becoming rich in Bitcoin and could possible that some investors are selling their Bitcoin for this sake. They might know the risk but a saying said, No Pain No Gain. And risk-takers will become more profitable than those who afraid of it.

[Dr.Ona]

Great discussion everyone!
I'm going to hold some of my physical Gold.

[Benefactor]

I figure it would be an awesome expansion to your resources for have Bitcoin as one of your speculations. This is not the finish of Bitcoin, you can in any case reach higher than ever once you exchange Bitcoin and sat tight for that ATH again in a couple of years. I surmise at that point are not actually into bitcoin stuff or simply don't care for blockchain innovation would likely go for gold since it is a wise  speculation too.

[nurilham]

I'm going to hold some of my physical Gold.

Sure, you don't need to sell all your Gold. If you want to buy Bitcoin, just sell a few numbers of your Gold only. We know Bitcoin investment offers higher profits and the holder may take profits faster than Gold. But investing in Bitcoin is riskier, so don't use all funds to Bitcoin. You should continue your Gold investment, while trying new investment in Bitcoin.

[iamsheikhadil]

I have invested in crypto much before I had invested in gold I heard about Bitcoin when I was an early teen, so whatever money I had through pocket money and other sources, I used that to either spend on things I like or to buy collectibles like foreign notes and also bought crypto as well. I never really properly invested in gold, I invested, then got a little profit and sold, that was my whatever investments were. It's not a secret that investment in gold is much more safer than investing in crypto (both in legal as well as financial terms) but the profit and rate of return has a really big difference!

[ven7net]

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?

It so happened that I do not have gold, but if I had it, then I would not exchange it for Bitcoin. The reason is that one of the laws of investment says don't keep all your funds in one basket. And rightly so, if you are an investor or want to start investing, then you need to choose several assets. As for gold, I would not underestimate this asset. Yes, now BTC is showing the best result, but what if everything changes and not for the better? And this is if it says that you need to have additional assets in order to avoid large losses.

[FIFA worldcup]

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.

I don't have gold with me but if i had i would have sold gold to buy more bitcoins. Bitcoin has more potential to grow as compare to gold.
When people say that bitcoin is digital gold, its means that in future bitcoin may flip the marketcap of gold.

[yohananaomi]

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.

This is also quite interesting if there is a bounty backed by digital gold, especially there is a significant change from the usual bounty. but unfortunately the bounty is a scam, so we cannot know how and what will happen next with such a bounty. maybe if it works there will be many who follow it.

unfortunately I can only listen to news and stories from those of you who did follow the bounty, but it didn't continue. whereas I myself do not follow and know, so what mechanism will be implemented. but this is certainly a lesson for continuation for things like this for the future.

[kpierce77]

I'm going to hold some of my physical Gold.

Sure, you don't need to sell all your Gold. If you want to buy Bitcoin, just sell a few numbers of your Gold only. We know Bitcoin investment offers higher profits and the holder may take profits faster than Gold. But investing in Bitcoin is riskier, so don't use all funds to Bitcoin. You should continue your Gold investment, while trying new investment in Bitcoin.

Gold investment is always the end goal. If you can make sure and predict that you will get bigger and faster profit, I don't think I will leave that opportunity. when the profit is in hand, I will convert it again to gold for safer and also savings

[Alexmagn84]

I figure it would be a fabulous expansion to your resources for have Bitcoin as one of your ventures. This isn't the finish of Bitcoin, you can in any case reach higher than ever once you exchange Bitcoin and hung tight for that ATH again in a couple of years. You can purchase bitcoin however much you can yet with regards to gold, you can never purchase gold without knowing your administration.

[martina14]

Most of the community here in the forum bought bitcoin even without selling Gold. In fact, the majority of them like me was just an ordinary people here but could buy Bitcoin even in a small amount of money. In short, whether you have a lot of capital or small amount of it, you/we can still buy Bitcoin or cryptocurrency.

[magneto]

Absolutely. And I do think that it's a conversion that is very favourable and makes a lot of sense.

You're essentially preserving all the value of gold as a hedge against fiat collapse when you swap your gold position for BTC, yet being able to hold a much more convenient asset in terms of storage and has way more long term growth potential.

However, don't think of it as a speculative investment - you should be in it for the long run and not be selling your gold for a short-medium term position in BTC.