Selling Bitcoin vs. Selling Gold

[FortuneFollower]

But at least when you buy something like BTC, you know which one is which, it's a fork or not, a scam or not, per se - it's like saying you are afraid of buying Bitcoin Cash instead of real BTC due to the dealers (the exchanges and such), which is not happening if you are vigillant enough.

If you are buying Bitcoin, the person buys Bitcoin, and if you are buying Bitcoin Cash or any other fork, you buy those ones. The differences are very clear; you don't even need any special skill to differentiate one from the other. Price is one of the major factors and many others which could easily be identified.

The worst that comes close to what could be used as a convincing one is offering to buy shitcoins, which are claimed to be Bitcoin pegged under different networks like Binance Smart smart chain.

Fortunately, not as many people in the space are stupid enough to buy something offered as BTC but in reality, not so much so.

These days, it's very easy to proof check such things in a minute or two.

[Kelward]

I believe that buying and selling Bitcoin is more easy and convenient than buying and selling of gold. Gold is a physical asset that needs to be moved around but Bitcoin is digital cash and it can be transferred easily. Bitcoin is decentralized and you can do p2p transactions anywhere in the world that has internet connection or you can use exchanges as middlemen to do your Bitcoin transactions. Carrying substantial amount of gold around can pose a security risk because if certain characters knows about it, you can become a target for robbery. Although I've heard that there are Banks that keeps gold reserves, you can deposit funds and own gold that equals your funds but I guess that you can only do gold transactions in those banks.

[hero_the_bossman]

I believe that buying and selling Bitcoin is more easy and convenient than buying and selling of gold. Gold is a physical asset that needs to be moved around but Bitcoin is digital cash and it can be transferred easily. Bitcoin is decentralized and you can do p2p transactions anywhere in the world that has internet connection or you can use exchanges as middlemen to do your Bitcoin transactions. Carrying substantial amount of gold around can pose a security risk because if certain characters knows about it, you can become a target for robbery. Although I've heard that there are Banks that keeps gold reserves, you can deposit funds and own gold that equals your funds but I guess that you can only do gold transactions in those banks.

BTC has just more opportunities to shine.

Gold will always be there as an option too, but it's not as good, in my opinion.

[Ricardo11]

I believe that buying and selling Bitcoin is more easy and convenient than buying and selling of gold. Gold is a physical asset that needs to be moved around but Bitcoin is digital cash and it can be transferred easily. Bitcoin is decentralized and you can do p2p transactions anywhere in the world that has internet connection or you can use exchanges as middlemen to do your Bitcoin transactions. Carrying substantial amount of gold around can pose a security risk because if certain characters knows about it, you can become a target for robbery. Although I've heard that there are Banks that keeps gold reserves, you can deposit funds and own gold that equals your funds but I guess that you can only do gold transactions in those banks.

Bitcoin is much more advantageous than gold, Bitcoin is an independent currency and it is the easiest way to transact, besides, in the case of long-term holding, Bitcoin will give you much more benefits than the benefits that gold can provide. And when it comes to risk, Bitcoin is much more volatile than gold in the short term, but in the case of long-term holding, Bitcoin will definitely be more valuable than gold, because it is proven bitcoin is much more valuable than gold. Where the price of gold has achieved the highest record in history, but even then gold has not been as valuable as Bitcoin. Bitcoin is going to be much more valuable in the future, in the future Bitcoin will go through a stage that is beyond everyone's expectations.

[fikrett]

Bitcoin is much more advantageous than gold, Bitcoin is an independent currency and it is the easiest way to transact, besides, in the case of long-term holding, Bitcoin will give you much more benefits than the benefits that gold can provide. And when it comes to risk, Bitcoin is much more volatile than gold in the short term, but in the case of long-term holding, Bitcoin will definitely be more valuable than gold, because it is proven bitcoin is much more valuable than gold. Where the price of gold has achieved the highest record in history, but even then gold has not been as valuable as Bitcoin. Bitcoin is going to be much more valuable in the future, in the future Bitcoin will go through a stage that is beyond everyone's expectations.

Agreed through and through.

In short, BTC wins in most of the factors, especially if we are going to hodl it long enough to see the results.

If we manage our risks right, it's a totally viable and great option to go for.

[Reatim]

Carrying substantial amount of gold around can pose a security risk because if certain characters knows about it, you can become a target for robbery.

i do not know anyone who owns gold and walks around carrying it with them unless they turned their golds into some kind of accessory like a watch or a ring. people often store their golds into one place only and will only take it out if they intend to sell.

as opposed to bitcoin where you can pretty much access it anywhere so long as you have a device and an internet connection. there is no need of finding a physical location to store bitcoins in since they are all digital.

Although I've heard that there are Banks that keeps gold reserves, you can deposit funds and own gold that equals your funds but I guess that you can only do gold transactions in those banks.

yeah that is actually quite a common practice. Pawn shops also offer gold where they can hold it for you. but the bottomline here is that even if you buy your gold it will still be held by another authority unlike bitcoin where it is all yours all under your control.

[FortuneFollower]

Carrying substantial amount of gold around can pose a security risk because if certain characters knows about it, you can become a target for robbery.

I do not know anyone who owns gold and walks around carrying it with them unless they turned their golds into some kind of accessory like a watch or a ring. People often store their golds into one place only and will only take it out if they intend to sell.

As opposed to bitcoin where you can pretty much access it anywhere so long as you have a device and an internet connection. There is no need of finding a physical location to store bitcoins in since they are all digital.

Isn't there a digital gold out there as well?

[YOSHIE]

Buying gold is very  easy. But the problem is when it comes to selling. The process of selling gold appears to be much more complicated.

This is the first time I see and hear selling gold is very complicated, where you live so that you are so complicated to sell it, I don't think that gold is very easy to sell in the market there are hundreds of shops Which serves gold sales, as well as stable gold prices, just like the Bitcoin market, almost all Bitcoin price exchanges are the same value, I think it's not so complicated to sell gold.

Then you have to deal with the logistics of physically delivering the gold to the buyer, how to receive payment, etc.

If that is true, but you can buy without shipping, you can buy at the nearest store, for what you buy gold online, while in your area there are hundreds of shops providing it.

Unlike Bitcoin, because it is not poisonous in touch, therefore Bitcoin must use internet services, but the risk is higher, if you make the wrong shipping/address or the internet is jammed, everything can end tragically your money is lost, gold is not so your pockets fit for gold.

By comparison, bitcoin is extremely quick and easy to sell with a few keyboard clicks on your computer or phone app.

You cannot compare gold with bitcoin the way the two objects work is very much different, you must be able to distinguish the two objects in all aspects.

[Swordsoffreedom]

I believe that buying and selling Bitcoin is more easy and convenient than buying and selling of gold. Gold is a physical asset that needs to be moved around but Bitcoin is digital cash and it can be transferred easily. Bitcoin is decentralized and you can do p2p transactions anywhere in the world that has internet connection or you can use exchanges as middlemen to do your Bitcoin transactions. Carrying substantial amount of gold around can pose a security risk because if certain characters knows about it, you can become a target for robbery. Although I've heard that there are Banks that keeps gold reserves, you can deposit funds and own gold that equals your funds but I guess that you can only do gold transactions in those banks.

Is it easier to buy and sell bitcoin? it depends. This may be easy for people who have basic knowledge of how to use the Internet, smartphones but what about older people like our parents and grandparents? I don't think buying and selling bitcoins will be easy for them.
Meanwhile, you can trade gold without internet, smartphone and even without going to a store or bank. You can use or buy and sell gold anywhere in the world with anyone because gold has been a globally recognized asset for centuries, and no one is unaware of it. Can you trade bitcoin without internet and smartphone or people who don't know about it?

Both have advantages and disadvantages, depending on the situation and who uses them. Bitcoin is not perfect and is not superior to gold, fiat or traditional assets in every way, let's not exaggerate.

[Pi-network314159]

you are correct in your analysis, bitcoin is far better in terms of portability and security free than gold. i classify gold as a "matter" because it has weight and occupy space, meaning that it is not portable. a gold of $1b may occupy nearly a single room but bitcoin of $1b is just 11474.303BTC according to the current rate of bitcoin in just a wallet. so you can see the different.. then in the aspect of security gold is a risky asset because of it nature, meaning you might get robbed just as you said. price also differs and trust issues is also attached because seller cant deliver gold without seeing money, and the buyer cant send money without meeting the gold seller in a private place, and this makes gold boring and difficult for trading. but in bitcoin you just need cex that accept p2p where you can select a buyer and sell in some seconds, that is why bitcoin is otherwise known as the digital gold.   

[CageMabok]

Fortunately, not as many people in the space are stupid enough to buy something offered as BTC but in reality, not so much so.

These days, it's very easy to proof check such things in a minute or two.

Buying Bitcoin will not be considered a stupid act by everyone, but selling Bitcoin to buy something else that is not as valuable as Bitcoin can be considered a stupid act by some people who are already familiar with Bitcoin's performance. But for other things like gold, I think it is okay to sell or release it for something else even though gold itself can also be relied on as a good store of value even though if you look at the level of profit that can be obtained, it is not enough in a short time.

[Furious 7]

Previously I started to think about being in gold as well as a form of investment but recently in my country gold is being counterfeited a lot even the fake gold network is much bigger for now because their gangs are supported by some corrupt officials in my country and by seeing that I undid my intention and sold the gold that I had bought before because of these concerns.

Selling gold is a bit more difficult than buying (maybe because of the effects of counterfeiting and the country in question as well) because for now my country although quite large, is still in the economic line that is actually standard and even tends to be poor so it is a bit complicated when selling gold because it is easier than buying.

In addition, with some further consideration in the end I again decided to stay on the path that I had explored from the beginning where I remained in bitcoin in the end rather than in gold.

[Donneski]

Fortunately, not as many people in the space are stupid enough to buy something offered as BTC but in reality, not so much so.

These days, it's very easy to proof check such things in a minute or two.

Buying Bitcoin will not be considered a stupid act by everyone, but selling Bitcoin to buy something else that is not as valuable as Bitcoin can be considered a stupid act by some people who are already familiar with Bitcoin's performance. But for other things like gold, I think it is okay to sell or release it for something else even though gold itself can also be relied on as a good store of value even though if you look at the level of profit that can be obtained, it is not enough in a short time.

For anyone to think that buying Bitcoin should be considered a stupid act simply means such person doesn't have knowledge of what Bitcoin is all about as well as lacks the information about the predicted future of Bitcoin. As far as you aren't getting scammed by paying money for something that's actually not Bitcoin, you shouldn't have anything to regret investing in the real coin. That said, I don't fault people who prefer to invest in gold instead of Bitcoin especially people who are very knowledgeable about gold but lacks the basic knowledge of Bitcoin but personally, I'll always choose to invest in Bitcoin than gold.

[chigo]

In my country, when you want to sell gold, be it gold jewelry or gold bars, there will be a discount for that and the seller is usually required to accept it, besides that there will be a check on the gold content and so on, the process is quite time consuming, but unlike bitcoin, when you sell bitcoin there is no discount at all that you receive, only the withdrawal fee from the exchange is charged to you.

[Kindness001]

Buying gold is very  easy

in your Country, not in mine.

bitcoin is relative easy to buy it in my Country.

In most countries Bitcoin is safer to buy than gold because gold has more risk than Bitcoin in terms of safety and in terms of trading in buying stuffs of your needs

[d5000]

Slightly different take on the topic:

Both Bitcoin and gold are near ATH levels currently. Let's say you own both gold and Bitcoin and want to take profits - which one should you sell?

Bitcoin:

1) 20% below ATH.
2) Moves mostly on par with stock markets, and stock markets are moving sideways to slightly bearish.
3) But there is a certain probability that it sees a FOMO explosion like in 2017 or 2021.
4) Long term growth is much steeper than gold's (30-70% on average, depending on the time lapse you choose, it's a younger asset so the 10 year average of about 70% may be overestimating).
5) On the other hand, there's also a higher crash potential.

Gold:

1) <5% below ATH.
2) Moves mostly against stock markets, and stock markets are moving sideways / slightly bearish.
3) Explosions are rare, but in times of crisis there is potential for further growth.
4) Long term growth is a bit less steep than BTC. (10-15% per year)
5) Crash potential is relatively low.

So which one to sell?

- According to item 1, sell gold, because it's closer to its ATH.
- However, item 2 is a bit more favorable to gold currently. The sideways/bearish markets is mainly due to the multiple geopolitical and commercial tensions.
- Item 3 on the other hand could mean that you may miss out a final FOMO wave if you sell your BTC now. According to Bitcoin's traditional "4 year cycles", there should be such a FOMO phase still in 2025.
- Item 4: again, this favours Bitcoin, i.e. you should better sell gold.
- Item 5: Bitcoin is riskier ... so better sell it?

So we have 3 reasons to sell gold first, and only 2 to sell Bitcoin. Nearly a draw.

My take (personal opinion, no investment advice):

- I'd sell Bitcoin, or a part of them, if you need the money in the next year. The risk of running just into a crypto winter in late 2025/2026 is significant.
- I'd sell gold in all other cases. It will probably grow slower, and can also fall significantly, even if a crash is rare. But you preserve the opportunity for Bitcoin's long term growth rate.

Of course I'd also observe the geopolitical landscape, if tensions increase then I'd be more prone to sell BTC.

(perhaps I should have started a new thread as this one is already degenerating hard ...).

[notocactus]

So which one to sell?

- According to item 1, sell gold, because it's closer to its ATH.
- However, item 2 is a bit more favorable to gold currently. The sideways/bearish markets is mainly due to the multiple geopolitical and commercial tensions.
- Item 3 on the other hand could mean that you may miss out a final FOMO wave if you sell your BTC now. According to Bitcoin's traditional "4 year cycles", there should be such a FOMO phase still in 2025.
- Item 4: again, this favours Bitcoin, i.e. you should better sell gold.
- Item 5: Bitcoin is riskier ... so better sell it?

So we have 3 reasons to sell gold first, and only 2 to sell Bitcoin. Nearly a draw.

They are two different markets and have different periodic cycles, not yet mention about correlations with stock market.

• Bitcoin market is like other markets, has its cycle. Focus on its cycle!
• I'd like to focus my investment plan, from entries to withdrawals with market cycles but I know there are chances and risk of market cycle changes.

My take (personal opinion, no investment advice):

- I'd sell Bitcoin, or a part of them, if you need the money in the next year. The risk of running just into a crypto winter in late 2025/2026 is significant.
- I'd sell gold in all other cases. It will probably grow slower, and can also fall significantly, even if a crash is rare. But you preserve the opportunity for Bitcoin's long term growth rate.

Of course I'd also observe the geopolitical landscape, if tensions increase then I'd be more prone to sell BTC.

(perhaps I should have started a new thread as this one is already degenerating hard ...).

I agree with you and in general, there is no perfect plan for entry and exit for everyone because people have very different personal conditions that affect their investment plans.

• Bitcoin price history, ATHs and bottoms.
• Are you ready for the Bitcoin bull market? What's your plan? Some ideas for you.
• [ANN] JJG Sustainable Bitcoin Withdrawal Strategy
• https://bitcoindata.science/withdrawal-strategy

[Redley555]

Buying gold is very  easy. But the problem is when it comes to selling. The process of selling gold appears to be much more complicated.
You have to find a buyer...then you have to find a buyer that will give you a good price for it. Good luck with that.

Then you have to deal with the logistics of physically delivering the gold to the buyer, how to receive payment, etc.

You and the buyer have to meet to make the exchange, which can present security issues.
But if the buyer isn't near you then you have to deliver the gold by mail or shipping service.
But does the buyer pay you first? Or do you send the gold to the buyer first? The risk of getting scammed is very high for both buyer and seller.

The risk for the buyer is how does he know he is getting real gold and not fake or diluted gold?

In the US the fastest and simplest method of selling gold is to go into your local pawn shop but who will give you less than half of what its worth and you end up losing a lot of money.

By comparison, bitcoin is extremely quick and easy to sell with a few keyboard clicks on your computer or phone app.

Selling Bitcoin is more easier considering the rate at which trading platforms are increasing.
For the gold the stress of going to look for a buyer in person is strenuous and somehow discouraging

Bitcoin price flunctuates unlike Gold that is fixed

[cryptoaltFAIZAN]

I agree, you are right about the difficulties of selling physical gold. The logistics, trust issues, and lack of transparency in pricing make it far from ideal and especially when compared to digital assets like Bitcoin.

Bitcoin solves many of those pain points:

So its liquid 24/7 unlike gold markets who just rely on business hours.

You don’t need to meet anyone or worry about fake coins like bro, everything is verified on-chain.

You can sell to anyone, anywhere, at market price with low friction and instant settlement.

Of course, gold has its strengths, it's time tested, but when it comes to speed, global accessibility, and how much its easier to transfer, Bitcoin is on another level.

[qurbanshah02]

Selling Bitcoin is more easier considering the rate at which trading platforms are increasing.
For the gold the stress of going to look for a buyer in person is strenuous and somehow discouraging
 

Bitcoin seems easy to us because it has high profits because at the level Bitcoin is going at the moment, if someone who bought Bitcoin in 2009 sells it now, he will get the full price of Bitcoin as a profit because there is a big difference between the price at that time and the price of everything, but for the one who bought it, the current price does mean anything, but his patience and waiting for time is the biggest investment. If we look at gold, it is the same, but its price is less than Bitcoin, but it is more than other minerals, and similarly, Bitcoin is more than all coins in crypto. Therefore, selling both things is easy and there will be profit according to their own purpose. In gold, there will be profit according to weight and in Bitcoin, there will be profit according to price.