Post
Topic
Board Economics
Re: BTC to GOLD
by
meliodas
on 29/12/2019, 08:04:34 UTC
Yes I think it would be a good thing to convert BTC to GOLD especially since i am an American and our money is based on the value of gold. Right now BTC is not really recognized as money in the UNITED STATES but I hope it will be soon enough.

hate to burst your bubble but your USD fiat hasn't had any relation to gold in quite some time
It is okay to want something for your own sake, but it must be seen for the benefit of many who are directly related should be accustomed. obviously bitcoin is different from gold and in some countries gold investment is very slow compared to course with bitcoin. so it's better to keep bitcoin first.
I agree that bitcoin is faster in terms of creating returns for its investors but we should remember that there are different type of investors, there are conservative and there are risk takers who can risk majority of their capital for a higher and faster reward. For me, gold is a good investment to diversify some of our money so we can have a back up for bitcoin.