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, spend a little bit of gold to participate 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