Some people call this news a fud.
it is not FUD, it is bullshit. there is a difference.
bitcoin investors don't go for gold, they either already have gold as their other investment for diversification purposes or they don't. what they never do is to sell bitcoin to buy gold instead! not to mention that at this point, everyone is either sucking their greed up and are accumulating bitcoin before the big rise begins or are greedy and are waiting for their dream price to buy bitcoin.
I dumper over 100BTC and put it into gold and others have too
Oh really ? When was the time you've done that ? 100 btc is too much and you could move the price downwards all by yourself but your decision was bad because you didnt know that bitcoin is the only one asset that can give you a 4 to 6 times return and gold or other investment options cannot obviously do that . poor little guy :|
I sold an element for cash and purchased gold locally.
The majority of gold I purchased directly with BTC on silvergoldbull (shipped from Canada)
I did it when the price was significantly higher than it is now, bitcoin can possibly make you 4X - 6X profit but it can also wipe out 80% of wealth like it has currently.
Gold is currently at an all time high in 72 currencies, I am happy with my decission and sleep easy at night.
p.s also purchased a Lamborghi Gallardo LP560-4 Spyder with my profits too
