Post
Topic
Board Bitcoin Discussion
Re: Selling Bitcoin vs. Selling Gold
by
kuriboh
on 10/08/2024, 15:29:25 UTC
If you have a lot of bitcoins you can hoard your bitcoins. It is certain that Bitcoin will move to a better position in the future. But if you have gold as reserves then you can keep gold reserves in future gold will go to good position. But if you are a trader then you understand the market conditions and you can plan and sell your bitcoins when you have profit it totally depends on your investment type.
Gold as a backup is good but it is about the ease of buying and selling between gold and Bitcoin.
As a backup, I also use gold as a backup when the selling price of Bitcoin is experiencing a detrimental decline when sold. Traders will have a hard time if the market is unstable and being a trader in the middle of a situation like this is closer to loss than profit.
In the long term, Bitcoin is better than gold.
Selling bitcoin and selling gold became two things. Although Bitcoin is a good coin, there is no coin like it on the market. But if it is compared to gold, it will be wrong because gold is a permanent asset; wealth never perishes. On the other hand, if you talk about Bitcoin, it will be flawed because it has not yet reached the position of gold. It also takes a long time to arrive and costs a lot more. Gold is better than bitcoin.