Post
Topic
Board Bitcoin Discussion
Re: Selling Bitcoin vs. Selling Gold
by
Powerjumboo
on 26/03/2025, 20:49:03 UTC
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.
If the processing of selling Bitcoin and the processing of selling gold are compared, then I would say that the processing of selling Bitcoin is very easy. There is no complicated problem in selling Bitcoin. At this moment, if I think that I will sell my Bitcoin, then I can sell it right now. I do not have to find a buyer for it. If you search from a good exchange, you will find a buyer and seller there. If you know the processing of selling, it is very easy. But selling gold is a very complicated processing and the money transaction is very risky. I wanted to sell my small amount of gold here and I took it to my jewelry store where they offered me to buy it at a very low price. I calculated the price they told me and saw that it was much lower than my price. Later, I did not sell that small amount of gold. I did not get a fair price and later returned from there. So I want to say here that there is a lot of difference between selling Bitcoin and selling gold.