Buying Gold With Bitcoin

[yulitzacalvete 1366]

On 11/13/2019 at 12:21 AM, on1k3n said:

Recently, I came across something on the internet about buying gold with Bitcoin. This seems like this would be good because it's  a double investment. You can invest in bitcoin, and you have gold as a backup. What do you think about this? Would this be a smart investment why or why not? Have you ever bought gold with cryptocurrency? 

It would be a good option but of course later and this because the BTC every day has much more value compared to gold so it can be more beneficial to leave BTC saved and not gold.

[Naseer Ahmad78 721]

Yes it is one of the best way to save your money for future purpose by buying gold from crypto currencies because in every day price of gold increases or stable,in other words it is the best way of investing to safe you amount.

[Braulio Eurea 720]

The investment market is wide, but what the author of the article raised is interesting, which is to buy gold with bitcoin, it would have on the one hand the most important cryptocurrency in the market and on the other the most relevant raw material in the market. Investing in gold through bitcoin is really a novelty since bitcoin grows in price more than gold, so more gold would be obtained. Now as bitcoin this is an upward escalation in prices and that it grows much more than gold, the proposal should be reversed and invest in bitcoin, that is, buy bitcoin with gold, since more profits would be obtained in the short term, the It would be an idea to acquire bitcoin because it is the one that grows rapidly.

[Malikjnb 1235]

I think it is not right way of earning. I suggest you not buy gold with bitcoin. You save the bitcoin for long time I think you can a good profit then gold. In the Future bitcoin price will go up very high point. 

[annayks 2314]

It was a bad idea to buy gold at that time Bitcoin is up a lot since then but gold isn't a bad investment usually it secures the future of your money having a price rise according to the money in circulation in the total economy so it is always a great investment to make, especially when price of stocks and the economy looks maxed out.

[Wanderdark 2178]

It is not a double gain situation. When you buy the Gold in Bitcoin pair, then you are completely on Gold, you are no longer in Bitcoin. I don't think it is a good idea.

 

They are two different markets with completely different marketcap and volume. I keep some Gold in my portfolio but I don't buy it from crypto exchanges with cryptocurrency.

[Magayinde 207]

On 11/24/2019 at 4:46 PM, Thekingcallme said:

I saw this on spectrocoin and you can buy gold through it
But I did not know what the benefit of this and is it reliable to buy gold and store it on the Internet

Gold has been coming in variables and factually owing to the fact that there are two golds in talk here. We now have a semi.digital gold as well just as in perfect money which is a site where you can buy and pay for services. They are digital golds online now and it is sure that btc can be used to purchase it

[Choudhary umer 0]

Gentleman you said absolutely right but I want to suggest you that in these days you should too sell your gold and buy the Bitcoins because the price of the Bitcoin is good in these days and in future the price of the Bitcoin is also good so you should too buy the Bitcoins

[jcmpalacios 53]

Gold has proven to be a stable investment for centuries. If we buy gold with bitcoin, we are less exposed to the risk of volatility of the bitcoin currency and we distribute the investments among several asset classes. This diversifies the investment portfolio and limits its risk.

[Msh9 84]

Of course, my friend, you can buy what you want from Bitcoin in gold or anything else in some countries. They trade in most places in Bitcoin, and it will get wide fame and work in all countries.

[Mir Hamza 2888]

Buy gold from bitcoin i didn't like it at all. The reason for this is that the price of gold rises very cheap but on the other hand if we talk about bitcoin, the price of bitcoin rises very rapidly as its demand increases. So it is best to invest in bitcoin because in this way we can earn a lot of money in a very short time, but while we will not get all this in the price of gold. For what I think you should have held a bitcoin instead of gold.

[David84 1191]

I do not think that I will sell my Bitcoins for gold, and the reason is simple , Bitcoin has higher chances to rise in price and therefore it will bring me a lot of profit but gold is kind of stable, it increases in small amounts that is why I consider it as long term investment. But When my Bitcoin is at its summit price, I may sell some and buy gold.

[Pranto1 40]

Completely, Apple buyers should be a hesitation such as Apple may be tuned in such adware as a result of this customer, adware may be an important challenge when your machine may get inflammation.It has become very popular now. This is a very good outsourcing income. You can benefit financially from here. So I would say that this Bitcoiners have become a lot like gold.

[Irum shahzadi 296]

On 11/13/2019 at 8:02 PM, bliznec said:

It is reasonable to buy gold for bitcoin. There are traders who are involved in this business. The main thing is to invest profitably and choose the right platform for the purchase. 

Yes! I agree with your point of view I hope so it will be great to buy gold for bitcoin but we have to completely know about this business then we have to take next step it is the best way of business .

[Flash009 345]

Yes. Probably the best thing you can do to get bitcoin is because the price of gold is stable. However the price of Bitcoin changes in real time so it is a good idea to save and buy gold or whatever you like. 

[Naveed15 335]

I also have idea about that unique exchange. There are a lot of platform which are offering such facility togive you gold  with bitcoine and i think if they are legit and are not spam then it would the best idea to convert BTC into gold

[abohasnn9 2401]

My friend, in general, this is a readily available thing to buy gold electronically via Great Bitcoin, and this is very possible because gold and Bitcoin are two similar things, both are decentralized currencies that are not inflated. Mining and extraction are differently. Thank you.

[Eezabell 339]

Buying of the Gold with the Help of the Bitcoin is Directly Not Possible. Because there is no Physical Appearance of the Bitcoin that's why We can't use the Bitcoin Directly To buy the Gold. If we want to Buy the Gold then we will have the Convert the Bitcoin into the Nationals Currencies.

[Ali Rao 161]

Buying gold with bitcoin is one sided beneficial and the other side not so if you buy gold with bitcoin it doesn't make any sense because the price of gold and gold are very high now a days so it doesn't help you to get profit. Thank you

[Syriana 350]

My friend, you are talking about cryptocurrencies as if they were a strange currency, but I will tell you that in the future it will be electronic gold, so I advise you not to buy gold with cryptocurrencies, but collect cryptocurrencies, invest them and work with them because they will become the gold of the future and will have a distinguished position like real gold at this time

[Yuki 526]

I didn't understand your idea well because in the first place how you want to buy gold online , and if you want to invest in both gold in BTC you can do that without having to pay through BTC , just convert some to fiat and go to any jewelry store and buy gold , by doing this you already have both BTC and gold 

Edited January 13, 2021 by Yuki

[zhoutong 2188]

Great for you! You have now 15% profit after selling your Bitcoin to buy gold! Meanwhile we have 400% profit in the same time with just holding our Bitcoin. You did great mate, well done on selling Bitcoin and holding gold. 

[Roarnoman12 621]

I do not have such experience but it will be good. You can do that dear. Do it if you wish to do it. Then go for it. It is a vry good place. It has many chances

[Oki 675]

The difficulty of doing business in the real world makes people turn to crypto business, namely by taking advantage of BTC price speculation. Buying bitcoin and investing in the long term is profitable for the holder. 2020 is the year when bitcoin prices continue to rise and the market is always bullish. An investment mistake that is often made is buying new coins and coins distributed cannot go up as expected.

[Harbeeboullah 428]

For now I think the best thingvyou can buy with bitcoin is gold because all bitcoin is yet to be considered as currency worldwide and gold is also an investment which is marketed online just like cryptocurrency and the transaction between them is easy and possible